MarketAxess Holdings, Inc. (MKTX) Receives $205.00 Consensus Price Target from Analysts

Share on StockTwits

MarketAxess Holdings, Inc. (NASDAQ:MKTX) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $205.00.

A number of brokerages have recently weighed in on MKTX. ValuEngine raised shares of MarketAxess from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd. Zacks Investment Research cut shares of MarketAxess from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. BidaskClub raised shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 16th. Keefe, Bruyette & Woods cut shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 12th. Finally, Sandler O’Neill reissued a “hold” rating and set a $215.00 price objective on shares of MarketAxess in a research note on Wednesday, April 4th.

In related news, CEO Richard M. Mcvey sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $203.22, for a total transaction of $7,112,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David G. Gomach sold 7,553 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $204.90, for a total transaction of $1,547,609.70. Following the sale, the director now owns 259 shares in the company, valued at approximately $53,069.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,453 shares of company stock valued at $10,396,679. Corporate insiders own 3.52% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its position in MarketAxess by 106.0% during the fourth quarter. Allianz Asset Management GmbH now owns 396,862 shares of the financial services provider’s stock worth $80,067,000 after acquiring an additional 204,205 shares during the last quarter. Eagle Asset Management Inc. boosted its position in MarketAxess by 10.7% during the fourth quarter. Eagle Asset Management Inc. now owns 195,404 shares of the financial services provider’s stock worth $39,306,000 after acquiring an additional 18,952 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in MarketAxess during the fourth quarter worth approximately $2,543,000. Ellington Management Group LLC acquired a new stake in MarketAxess during the fourth quarter worth approximately $323,000. Finally, M&T Bank Corp boosted its position in MarketAxess by 25.7% during the fourth quarter. M&T Bank Corp now owns 2,197 shares of the financial services provider’s stock worth $443,000 after acquiring an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 98.68% of the company’s stock.

MarketAxess stock traded down $1.18 during mid-day trading on Friday, reaching $209.13. The company had a trading volume of 1,258 shares, compared to its average volume of 161,949. MarketAxess has a 1 year low of $171.45 and a 1 year high of $229.84. The stock has a market cap of $7.84 billion, a PE ratio of 53.59 and a beta of 0.57.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, April 25th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. MarketAxess had a net margin of 37.61% and a return on equity of 29.82%. The company had revenue of $114.71 million during the quarter, compared to analysts’ expectations of $114.45 million. During the same period last year, the company posted $1.11 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. research analysts predict that MarketAxess will post 4.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Wednesday, May 9th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, May 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.80%. MarketAxess’s dividend payout ratio (DPR) is 43.08%.

About MarketAxess

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.

Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply