MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Average Recommendation of “Hold” by Brokerages

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTXGet Free Report) have been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $249.73.

A number of analysts recently issued reports on MKTX shares. Barclays lowered their price target on MarketAxess from $236.00 to $225.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 8th. Bank of America initiated coverage on MarketAxess in a research note on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 target price on the stock. Piper Sandler reduced their target price on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. UBS Group reduced their target price on MarketAxess from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Finally, Morgan Stanley increased their target price on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th.

Check Out Our Latest Stock Report on MKTX

Hedge Funds Weigh In On MarketAxess

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB purchased a new position in MarketAxess in the first quarter valued at about $625,000. Virtu Financial LLC purchased a new position in MarketAxess in the first quarter valued at about $502,000. Heartland Bank & Trust Co purchased a new position in MarketAxess in the first quarter valued at about $488,000. iA Global Asset Management Inc. purchased a new position in MarketAxess in the first quarter valued at about $229,000. Finally, LBP AM SA grew its stake in MarketAxess by 88.3% in the first quarter. LBP AM SA now owns 3,885 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 1,822 shares during the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Performance

NASDAQ MKTX opened at $199.00 on Tuesday. The company has a market capitalization of $7.54 billion, a P/E ratio of 29.22, a P/E/G ratio of 4.99 and a beta of 1.04. MarketAxess has a one year low of $196.46 and a one year high of $297.97. The stock has a 50 day moving average price of $210.60 and a 200-day moving average price of $233.54.

MarketAxess (NASDAQ:MKTXGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The company had revenue of $210.30 million during the quarter, compared to the consensus estimate of $212.99 million. MarketAxess had a return on equity of 20.82% and a net margin of 33.83%. MarketAxess’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. As a group, equities analysts predict that MarketAxess will post 7.17 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be paid a $0.74 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $2.96 annualized dividend and a yield of 1.49%. MarketAxess’s dividend payout ratio (DPR) is presently 43.47%.

About MarketAxess

(Get Free Report

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.

Read More

Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.