Envestnet Asset Management Inc. Has $46.10 Million Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Envestnet Asset Management Inc. raised its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 5.0% during the fourth quarter, Holdings Channel reports. The firm owned 203,930 shares of the financial services provider’s stock after purchasing an additional 9,774 shares during the period. Envestnet Asset Management Inc.’s holdings in MarketAxess were worth $46,096,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC grew its stake in MarketAxess by 4.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 52 shares during the period. M&T Bank Corp boosted its holdings in shares of MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock worth $376,000 after buying an additional 56 shares in the last quarter. Versor Investments LP grew its position in shares of MarketAxess by 6.3% during the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock worth $249,000 after buying an additional 65 shares during the period. Global X Japan Co. Ltd. increased its stake in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 70 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of MarketAxess by 2.6% during the 4th quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider’s stock valued at $673,000 after acquiring an additional 75 shares during the period. 99.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MKTX. Bank of America raised their price target on shares of MarketAxess from $189.00 to $191.00 and gave the stock an “underperform” rating in a report on Wednesday, April 2nd. Piper Sandler reduced their target price on MarketAxess from $220.00 to $213.00 and set a “neutral” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods dropped their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. William Blair initiated coverage on MarketAxess in a research note on Friday, April 4th. They issued an “outperform” rating for the company. Finally, Barclays upped their target price on MarketAxess from $225.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $252.11.

MarketAxess Trading Up 3.5 %

NASDAQ MKTX opened at $210.32 on Friday. The business has a fifty day simple moving average of $204.90 and a 200 day simple moving average of $235.51. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The firm has a market capitalization of $7.93 billion, a P/E ratio of 28.93, a PEG ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. As a group, sell-side analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s payout ratio is presently 41.82%.

MarketAxess Company 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.