Mutual of America Capital Management LLC Sells 130 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Mutual of America Capital Management LLC decreased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,649 shares of the financial services provider’s stock after selling 130 shares during the period. Mutual of America Capital Management LLC’s holdings in MarketAxess were worth $1,191,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in shares of MarketAxess by 207.3% in the first quarter. Janus Henderson Group PLC now owns 14,140 shares of the financial services provider’s stock valued at $3,100,000 after purchasing an additional 9,539 shares in the last quarter. Motley Fool Asset Management LLC acquired a new position in shares of MarketAxess in the 1st quarter valued at $517,000. Tidal Investments LLC lifted its holdings in shares of MarketAxess by 46.2% during the 1st quarter. Tidal Investments LLC now owns 7,949 shares of the financial services provider’s stock worth $1,735,000 after acquiring an additional 2,513 shares during the period. LBP AM SA boosted its position in shares of MarketAxess by 88.3% during the 1st quarter. LBP AM SA now owns 3,885 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 1,822 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in MarketAxess in the first quarter valued at about $229,000. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Performance

Shares of MKTX stock opened at $263.80 on Tuesday. MarketAxess Holdings Inc. has a 52 week low of $192.42 and a 52 week high of $297.97. The stock has a market capitalization of $9.95 billion, a PE ratio of 35.75, a PEG ratio of 11.69 and a beta of 1.05. The stock’s fifty day moving average is $273.23 and its 200-day moving average is $238.10.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. The firm had revenue of $206.70 million for the quarter, compared to analyst estimates of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. As a group, analysts forecast that MarketAxess Holdings Inc. will post 7.37 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, November 20th. MarketAxess’s dividend payout ratio is currently 40.11%.

MarketAxess announced that its Board of Directors has approved a share buyback program on Tuesday, August 6th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the financial services provider to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

MKTX has been the subject of several recent research reports. UBS Group increased their price target on shares of MarketAxess from $330.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price on MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Keefe, Bruyette & Woods boosted their price target on MarketAxess from $270.00 to $276.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Bank of America dropped their price objective on MarketAxess from $193.00 to $185.00 and set an “underperform” rating for the company in a research note on Thursday, October 3rd. Finally, StockNews.com raised MarketAxess from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, MarketAxess presently has an average rating of “Hold” and an average price target of $267.50.

Insider Buying and Selling

In other news, Chairman Richard M. Mcvey sold 10,000 shares of MarketAxess stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the sale, the chairman now directly owns 562,029 shares of the company’s stock, valued at approximately $150,438,302.43. This trade represents a 1.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.66% of the stock is currently owned by corporate insiders.

MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.