MarketAxess Holdings Inc. $MKTX Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 21.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,303 shares of the financial services provider’s stock after selling 1,754 shares during the period. US Bancorp DE’s holdings in MarketAxess were worth $1,408,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MKTX. Geneos Wealth Management Inc. increased its position in MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 80 shares during the period. Harbor Investment Advisory LLC acquired a new position in MarketAxess in the 2nd quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB increased its position in MarketAxess by 51.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 248 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 84 shares during the period. Intact Investment Management Inc. purchased a new stake in MarketAxess in the 1st quarter valued at approximately $65,000. Finally, Signaturefd LLC boosted its holdings in MarketAxess by 173.0% in the 1st quarter. Signaturefd LLC now owns 333 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $171.07 on Friday. The business’s 50 day simple moving average is $181.16 and its 200-day simple moving average is $204.72. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 6.92 and a beta of 0.89. MarketAxess Holdings Inc. has a 12 month low of $161.61 and a 12 month high of $296.68.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.94 by $0.06. The business had revenue of $219.46 million for 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.72 EPS. On average, equities analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Stephen P. Casper sold 1,600 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $186.59, for a total value of $298,544.00. Following the completion of the transaction, the director directly owned 43,208 shares of the company’s stock, valued at $8,062,180.72. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $185.32, for a total value of $276,868.08. Following the completion of the sale, the executive owned 67,681 shares in the company, valued at $12,542,642.92. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MKTX shares. UBS Group lowered their price objective on MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Piper Sandler set a $180.00 price objective on MarketAxess in a report on Tuesday. Argus raised MarketAxess from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Monday, August 25th. Jefferies Financial Group lowered their price objective on MarketAxess from $217.00 to $208.00 and set a “hold” rating on the stock in a report on Monday, August 11th. Finally, Morgan Stanley lowered their price objective on MarketAxess from $274.00 to $253.00 and set an “overweight” rating on the stock in a report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and an average target price of $216.58.

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.