Wells Fargo & Company MN lowered its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,131,960 shares of the financial services provider’s stock after selling 49,649 shares during the quarter. Wells Fargo & Company MN owned about 3.04% of MarketAxess worth $246,134,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of MKTX. Cambridge Investment Research Advisors Inc. acquired a new stake in MarketAxess during the 4th quarter worth $468,000. Grandeur Peak Global Advisors LLC increased its holdings in MarketAxess by 2.4% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 72,475 shares of the financial services provider’s stock worth $14,622,000 after purchasing an additional 1,675 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in MarketAxess during the 4th quarter worth about $634,000. MetLife Investment Advisors LLC bought a new position in MarketAxess during the 4th quarter worth about $4,798,000. Finally, Teachers Advisors LLC increased its holdings in MarketAxess by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 39,750 shares of the financial services provider’s stock worth $8,020,000 after purchasing an additional 909 shares in the last quarter. 91.67% of the stock is currently owned by institutional investors.
Shares of NASDAQ:MKTX opened at $202.82 on Friday. MarketAxess Holdings, Inc. has a 52-week low of $199.65 and a 52-week high of $202.04. The stock has a market capitalization of $7.53 billion, a P/E ratio of 52.01 and a beta of 0.57.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Wednesday, May 9th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, May 8th. This represents a $1.68 annualized dividend and a yield of 0.83%. MarketAxess’s dividend payout ratio (DPR) is currently 43.08%.
A number of equities analysts have issued reports on MKTX shares. ValuEngine upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BidaskClub cut MarketAxess from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 29th. Sandler O’Neill reiterated a “hold” rating and set a $215.00 target price on shares of MarketAxess in a report on Wednesday, April 4th. Zacks Investment Research upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Monday, March 26th. Finally, Raymond James restated a “market perform” rating on shares of MarketAxess in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $214.50.
In related news, CFO Antonio L. Delise sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $200.67, for a total value of $1,605,360.00. Following the completion of the sale, the chief financial officer now directly owns 45,696 shares in the company, valued at approximately $9,169,816.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Themelis sold 5,400 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $218.11, for a total transaction of $1,177,794.00. Following the sale, the insider now owns 57,927 shares of the company’s stock, valued at $12,634,457.97. The disclosure for this sale can be found here. Insiders sold a total of 50,900 shares of company stock valued at $10,454,429 over the last quarter. 3.52% of the stock is currently owned by company insiders.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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