MarketAxess Holdings Inc. (NASDAQ:MKTX) Stake Lifted by Northwestern Mutual Investment Management Company LLC

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Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 56.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,691 shares of the financial services provider’s stock after acquiring an additional 2,769 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in MarketAxess were worth $1,672,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MKTX. Teacher Retirement System of Texas lifted its holdings in shares of MarketAxess by 315.2% during the fourth quarter. Teacher Retirement System of Texas now owns 12,835 shares of the financial services provider’s stock worth $2,589,000 after purchasing an additional 9,744 shares during the period. M&T Bank Corp lifted its holdings in MarketAxess by 25.7% in the fourth quarter. M&T Bank Corp now owns 2,197 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 449 shares during the period. California Public Employees Retirement System lifted its holdings in MarketAxess by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 91,524 shares of the financial services provider’s stock valued at $18,465,000 after acquiring an additional 2,608 shares during the period. Swiss National Bank lifted its holdings in MarketAxess by 2.2% in the fourth quarter. Swiss National Bank now owns 64,006 shares of the financial services provider’s stock valued at $12,913,000 after acquiring an additional 1,400 shares during the period. Finally, New Mexico Educational Retirement Board acquired a new position in MarketAxess in the fourth quarter valued at approximately $1,876,000. Institutional investors and hedge funds own 99.90% of the company’s stock.

NASDAQ:MKTX traded down $0.69 during trading hours on Friday, hitting $211.00. The company had a trading volume of 176,080 shares, compared to its average volume of 159,815. The stock has a market cap of $7.88 billion, a P/E ratio of 52.14 and a beta of 0.58. MarketAxess Holdings Inc. has a 1 year low of $171.45 and a 1 year high of $229.84.

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

A number of research analysts have issued reports on the company. Zacks Investment Research raised MarketAxess from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. BidaskClub raised MarketAxess from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 16th. ValuEngine downgraded MarketAxess from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Sandler O’Neill reaffirmed a “hold” rating and set a $215.00 target price on shares of MarketAxess in a research note on Wednesday, April 4th. Finally, Keefe, Bruyette & Woods cut MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 12th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $214.50.

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

MarketAxess Profile

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.

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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