Rhumbline Advisers Has $15.76 Million Position in MarketAxess Holdings Inc. $MKTX

Rhumbline Advisers grew its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 17.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,447 shares of the financial services provider’s stock after buying an additional 13,413 shares during the quarter. Rhumbline Advisers owned 0.24% of MarketAxess worth $15,760,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. MUFG Securities EMEA plc bought a new position in MarketAxess during the second quarter worth about $25,000. Geneos Wealth Management Inc. lifted its position in shares of MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after buying an additional 80 shares during the period. True Wealth Design LLC lifted its position in shares of MarketAxess by 992.9% during the 2nd quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock worth $34,000 after buying an additional 139 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in MarketAxess in the 3rd quarter valued at $38,000. Finally, Salomon & Ludwin LLC bought a new stake in MarketAxess in the third quarter valued at $53,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Price Performance

NASDAQ MKTX opened at $176.12 on Thursday. The business has a 50 day simple moving average of $175.17 and a 200 day simple moving average of $175.53. MarketAxess Holdings Inc. has a 52-week low of $156.17 and a 52-week high of $232.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.60 and a current ratio of 3.42. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 3.88 and a beta of 0.97.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). MarketAxess had a net margin of 29.14% and a return on equity of 20.88%. The company had revenue of $209.41 million during the quarter, compared to the consensus estimate of $214.06 million. During the same period in the previous year, the firm posted $1.73 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.12 annualized dividend and a dividend yield of 1.8%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.76. MarketAxess’s dividend payout ratio (DPR) is 45.65%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays cut their price objective on MarketAxess from $182.00 to $178.00 and set an “equal weight” rating for the company in a report on Monday, February 9th. Piper Sandler reduced their price target on MarketAxess from $180.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Zacks Research upgraded shares of MarketAxess from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group reduced their price objective on shares of MarketAxess from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Finally, Argus lowered their target price on shares of MarketAxess from $212.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $200.40.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.