Charles Schwab Investment Management Inc. Has $80.58 Million Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Charles Schwab Investment Management Inc. grew its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,468 shares of the financial services provider’s stock after purchasing an additional 9,244 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.00% of MarketAxess worth $80,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKTX. LPL Financial LLC lifted its stake in shares of MarketAxess by 192.3% in the 4th quarter. LPL Financial LLC now owns 5,694 shares of the financial services provider’s stock valued at $1,287,000 after purchasing an additional 3,746 shares during the period. Cerity Partners LLC lifted its stake in shares of MarketAxess by 29.1% in the 4th quarter. Cerity Partners LLC now owns 7,948 shares of the financial services provider’s stock valued at $1,946,000 after purchasing an additional 1,792 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of MarketAxess by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 16,245 shares of the financial services provider’s stock valued at $3,672,000 after purchasing an additional 100 shares during the period. Sterling Capital Management LLC lifted its stake in shares of MarketAxess by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,189 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 781 shares during the period. Finally, Townsquare Capital LLC acquired a new position in shares of MarketAxess in the 4th quarter valued at about $1,852,000. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Stock Performance

Shares of MKTX opened at $189.00 on Thursday. The stock has a 50 day moving average price of $213.89 and a two-hundred day moving average price of $212.81. The firm has a market capitalization of $7.06 billion, a P/E ratio of 31.82, a P/E/G ratio of 3.58 and a beta of 0.84. MarketAxess Holdings Inc. has a 52 week low of $182.99 and a 52 week high of $296.68.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.06. The firm had revenue of $219.46 million during the quarter, compared to analyst estimates of $218.05 million. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 EPS. On average, equities analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 20th. MarketAxess’s payout ratio is currently 51.18%.

Analysts Set New Price Targets

MKTX has been the subject of a number of research analyst reports. Wall Street Zen raised MarketAxess from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley decreased their target price on MarketAxess from $283.00 to $274.00 and set an “overweight” rating for the company in a research report on Tuesday, July 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $204.00 target price (up from $202.00) on shares of MarketAxess in a research report on Tuesday, July 15th. Jefferies Financial Group decreased their target price on MarketAxess from $217.00 to $208.00 and set a “hold” rating for the company in a research report on Monday. Finally, UBS Group decreased their target price on MarketAxess from $295.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $229.70.

MarketAxess Company Profile

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.