Royal London Asset Management Ltd. Grows Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Royal London Asset Management Ltd. increased its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,561 shares of the financial services provider’s stock after buying an additional 493 shares during the period. Royal London Asset Management Ltd.’s holdings in MarketAxess were worth $4,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in MarketAxess by 316.1% in the 4th quarter. Nordea Investment Management AB now owns 11,546 shares of the financial services provider’s stock valued at $3,367,000 after purchasing an additional 8,771 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in MarketAxess by 27.9% in the 4th quarter. New York State Common Retirement Fund now owns 96,476 shares of the financial services provider’s stock valued at $28,253,000 after purchasing an additional 21,041 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in MarketAxess by 28,547.8% in the 4th quarter. International Assets Investment Management LLC now owns 13,178 shares of the financial services provider’s stock valued at $3,859,000 after purchasing an additional 13,132 shares in the last quarter. Norris Perne & French LLP MI purchased a new position in MarketAxess in the 4th quarter valued at about $9,715,000. Finally, Eagle Asset Management Inc. lifted its holdings in MarketAxess by 3.1% in the 4th quarter. Eagle Asset Management Inc. now owns 435,991 shares of the financial services provider’s stock valued at $127,680,000 after purchasing an additional 12,993 shares in the last quarter. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MKTX shares. 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 report on Wednesday, May 8th. Barclays cut their price objective on shares of MarketAxess from $236.00 to $225.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Bank of America started coverage on shares of MarketAxess in a report on Wednesday, April 10th. They set an “underperform” rating and a $199.00 price objective on the stock. Piper Sandler cut their price objective on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Finally, UBS Group cut their price objective on shares of MarketAxess from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MarketAxess currently has a consensus rating of “Hold” and an average target price of $249.73.

Read Our Latest Analysis on MarketAxess

MarketAxess Stock Down 3.5 %

Shares of NASDAQ:MKTX opened at $198.76 on Monday. MarketAxess Holdings Inc. has a 52-week low of $195.01 and a 52-week high of $297.97. The company has a 50 day moving average of $208.78 and a two-hundred day moving average of $232.47. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 4.98 and a beta of 1.04.

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

MarketAxess Announces Dividend

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

MarketAxess Company Profile

(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.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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