MarketAxess Holdings Inc. (NASDAQ:MKTX) Position Raised by Parallel Advisors LLC

Parallel Advisors LLC raised its stake in MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 155.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 110 shares of the financial services provider’s stock after buying an additional 67 shares during the quarter. Parallel Advisors LLC’s holdings in MarketAxess were worth $32,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of MarketAxess during the fourth quarter valued at about $128,535,000. FMR LLC raised its stake in shares of MarketAxess by 385.6% during the third quarter. FMR LLC now owns 545,563 shares of the financial services provider’s stock valued at $116,554,000 after purchasing an additional 433,217 shares in the last quarter. Invesco Ltd. raised its stake in shares of MarketAxess by 26.7% during the third quarter. Invesco Ltd. now owns 539,080 shares of the financial services provider’s stock valued at $115,169,000 after purchasing an additional 113,642 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of MarketAxess by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 1,367,613 shares of the financial services provider’s stock valued at $400,506,000 after purchasing an additional 101,829 shares in the last quarter. Finally, Jackson Square Partners LLC raised its stake in shares of MarketAxess by 28.8% during the fourth quarter. Jackson Square Partners LLC now owns 425,361 shares of the financial services provider’s stock valued at $124,567,000 after purchasing an additional 95,135 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Trading Down 3.5 %

Shares of MKTX opened at $198.76 on Friday. The business’s 50-day moving average price is $208.78 and its 200 day moving average price is $232.49. The stock has a market capitalization of $7.53 billion, a P/E ratio of 29.19, a P/E/G ratio of 5.16 and a beta of 1.04. MarketAxess Holdings Inc. has a 1-year low of $195.01 and a 1-year high of $297.97.

MarketAxess (NASDAQ:MKTXGet Free Report) last released its earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. MarketAxess had a return on equity of 20.82% and a net margin of 33.83%. The company had revenue of $210.30 million for the quarter, compared to analysts’ expectations of $212.99 million. During the same quarter in the previous year, the business posted $1.96 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.17 earnings per share for the current year.

MarketAxess Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was 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%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MKTX. Keefe, Bruyette & Woods cut their price objective on shares of MarketAxess from $235.00 to $230.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 8th. Morgan Stanley lifted their target price on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Piper Sandler lowered their target price on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. UBS Group lowered their target price on MarketAxess from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Barclays lowered their target price on MarketAxess from $236.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $249.73.

Check Out Our Latest Stock Report on MarketAxess

About MarketAxess

(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.

See Also

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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