Daiwa Securities Group Inc. Has $914,000 Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Daiwa Securities Group Inc. lowered its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 68.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,168 shares of the financial services provider’s stock after selling 9,203 shares during the period. Daiwa Securities Group Inc.’s holdings in MarketAxess were worth $914,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MKTX. Norges Bank acquired a new position in shares of MarketAxess during the 4th quarter worth $128,535,000. Van ECK Associates Corp raised its holdings in shares of MarketAxess by 21.2% during the 1st quarter. Van ECK Associates Corp now owns 1,657,960 shares of the financial services provider’s stock worth $363,508,000 after buying an additional 290,347 shares in the last quarter. Wasatch Advisors LP grew its position in MarketAxess by 40.0% during the 1st quarter. Wasatch Advisors LP now owns 716,689 shares of the financial services provider’s stock worth $157,134,000 after acquiring an additional 204,660 shares during the last quarter. Balyasny Asset Management L.P. grew its position in MarketAxess by 7,385.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 159,580 shares of the financial services provider’s stock worth $46,733,000 after acquiring an additional 157,448 shares during the last quarter. Finally, Jackson Square Partners LLC grew its position in MarketAxess by 28.8% during the 4th quarter. Jackson Square Partners LLC now owns 425,361 shares of the financial services provider’s stock worth $124,567,000 after acquiring an additional 95,135 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, Director Stephen P. Casper sold 500 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $199.48, for a total transaction of $99,740.00. Following the completion of the transaction, the director now directly owns 10,201 shares of the company’s stock, valued at $2,034,895.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.66% of the stock is owned by corporate insiders.

MarketAxess Stock Up 1.2 %

MKTX stock opened at $206.94 on Thursday. The firm has a market cap of $7.84 billion, a PE ratio of 30.39, a P/E/G ratio of 5.16 and a beta of 1.03. The business has a 50 day moving average of $203.38 and a 200-day moving average of $223.00. MarketAxess Holdings Inc. has a 12-month low of $192.42 and a 12-month 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 (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.07. The company had revenue of $210.30 million during the quarter, compared to analyst estimates of $212.99 million. MarketAxess had a return on equity of 20.82% and a net margin of 33.83%. MarketAxess’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 earnings per share. On average, research analysts expect that MarketAxess Holdings Inc. will post 7.11 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 issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, May 21st. MarketAxess’s dividend payout ratio (DPR) is 43.47%.

Analyst Ratings Changes

MKTX has been the topic of a number of research reports. Bank of America initiated coverage on MarketAxess in a research report on Wednesday, April 10th. They set an “underperform” rating and a $199.00 price objective on the stock. Barclays reduced their price objective on MarketAxess from $236.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th. Keefe, Bruyette & Woods reduced their price objective on MarketAxess from $235.00 to $230.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 8th. StockNews.com lowered MarketAxess from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Piper Sandler reduced their price target on MarketAxess from $230.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $248.64.

Check Out Our Latest Stock Report on MKTX

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.

Further Reading

Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report).

Institutional Ownership by Quarter 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.