Nationwide Fund Advisors trimmed its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,025 shares of the financial services provider’s stock after selling 24,925 shares during the period. Nationwide Fund Advisors owned about 0.58% of MarketAxess Holdings worth $43,443,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. American International Group Inc. lifted its holdings in shares of MarketAxess Holdings by 3.8% during the first quarter. American International Group Inc. now owns 75,058 shares of the financial services provider’s stock valued at $14,073,000 after purchasing an additional 2,781 shares during the last quarter. Prudential Financial Inc. raised its position in MarketAxess Holdings by 328.8% during the second quarter. Prudential Financial Inc. now owns 137,410 shares of the financial services provider’s stock valued at $27,634,000 after buying an additional 105,366 shares during the period. Marshall Wace North America L.P. acquired a new position in MarketAxess Holdings during the second quarter valued at $1,506,000. Swiss National Bank raised its position in MarketAxess Holdings by 0.3% during the first quarter. Swiss National Bank now owns 62,106 shares of the financial services provider’s stock valued at $11,644,000 after buying an additional 200 shares during the period. Finally, Victory Capital Management Inc. raised its position in MarketAxess Holdings by 4.3% during the second quarter. Victory Capital Management Inc. now owns 86,344 shares of the financial services provider’s stock valued at $17,364,000 after buying an additional 3,544 shares during the period. 91.10% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the company. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Raymond James Financial, Inc. upped their target price on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Zacks Investment Research raised MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $210.00 price objective on shares of MarketAxess Holdings in a report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $197.17.
Shares of MarketAxess Holdings, Inc. (MKTX) traded down 0.50% during mid-day trading on Thursday, hitting $180.42. The company’s stock had a trading volume of 55,859 shares. MarketAxess Holdings, Inc. has a 1-year low of $145.10 and a 1-year high of $211.06. The company has a 50-day moving average of $190.26 and a 200 day moving average of $191.71. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 47.45 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The business had revenue of $97.31 million for the quarter, compared to analysts’ expectations of $96.42 million. During the same quarter last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts expect that MarketAxess Holdings, Inc. will post $4.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a $0.33 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.32 annualized dividend and a yield of 0.73%. MarketAxess Holdings’s payout ratio is 34.65%.
In related news, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total value of $3,972,600.00. Following the transaction, the chief executive officer now owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.51% of the stock is currently owned by company insiders.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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