Hancock Whitney Corp increased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,233 shares of the financial services provider’s stock after buying an additional 905 shares during the period. Hancock Whitney Corp’s holdings in MarketAxess were worth $3,995,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Townsquare Capital LLC acquired a new stake in shares of MarketAxess in the fourth quarter worth $235,000. Campbell Newman Asset Management Inc. boosted its stake in shares of MarketAxess by 2.4% in the first quarter. Campbell Newman Asset Management Inc. now owns 2,725 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 63 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of MarketAxess by 12.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 14,776 shares of the financial services provider’s stock valued at $3,122,000 after purchasing an additional 1,624 shares during the period. Chartwell Investment Partners LLC boosted its stake in shares of MarketAxess by 5.0% in the first quarter. Chartwell Investment Partners LLC now owns 2,551 shares of the financial services provider’s stock valued at $628,000 after purchasing an additional 122 shares during the period. Finally, Chesapeake Wealth Management purchased a new position in shares of MarketAxess in the first quarter valued at $538,000. 99.19% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on MKTX. Zacks Investment Research downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Buckingham Research downgraded shares of MarketAxess from a “neutral” rating to an “underperform” rating and set a $245.00 target price for the company. in a research note on Wednesday. BidaskClub upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 10th. Barclays upped their target price on shares of MarketAxess from $218.00 to $244.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, ValuEngine upgraded shares of MarketAxess from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $234.14.
MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.02. MarketAxess had a net margin of 39.84% and a return on equity of 29.88%. The firm had revenue of $124.49 million for the quarter, compared to the consensus estimate of $125.43 million. During the same period in the prior year, the firm posted $1.27 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, analysts anticipate that MarketAxess Holdings Inc. will post 5.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were given a $0.51 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 0.63%. MarketAxess’s payout ratio is currently 44.64%.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $281.14, for a total value of $5,622,800.00. Following the transaction, the chief executive officer now directly owns 1,006,289 shares in the company, valued at approximately $282,908,089.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen P. Casper sold 102 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $337.30, for a total transaction of $34,404.60. Following the completion of the transaction, the director now owns 13,157 shares in the company, valued at $4,437,856.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,591 shares of company stock worth $7,719,158. Insiders own 3.52% of the company’s stock.
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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 firms the access to global liquidity in U.S.
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