Wells Fargo & Company MN Has $6.24 Million Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Wells Fargo & Company MN lowered its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 53.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,588 shares of the financial services provider’s stock after selling 32,149 shares during the period. Wells Fargo & Company MN owned 0.07% of MarketAxess worth $6,236,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. increased its stake in MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Allianz SE acquired a new position in shares of MarketAxess during the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC increased its position in shares of MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 139 shares during the last quarter. Finally, Huntington National Bank lifted its position in MarketAxess by 185.7% in the 4th quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MKTX. The Goldman Sachs Group lowered their price objective on MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Bank of America increased their price target on MarketAxess from $189.00 to $191.00 and gave the company an “underperform” rating in a research report on Wednesday, April 2nd. Morgan Stanley raised shares of MarketAxess from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 8th. William Blair assumed coverage on shares of MarketAxess in a research report on Friday, April 4th. They set an “outperform” rating on the stock. Finally, Piper Sandler reduced their price objective on shares of MarketAxess from $220.00 to $213.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $252.11.

MarketAxess Price Performance

NASDAQ:MKTX opened at $225.16 on Friday. The company has a market capitalization of $8.49 billion, a P/E ratio of 30.97, a P/E/G ratio of 3.89 and a beta of 1.12. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The business has a fifty day simple moving average of $207.54 and a two-hundred day simple moving average of $234.20.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. As a group, analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.76 per share. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a yield of 1.35%. MarketAxess’s dividend payout ratio (DPR) is presently 41.82%.

About MarketAxess

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.