8,312 Shares in MarketAxess Holdings Inc. $MKTX Bought by Matauro LLC

Matauro LLC acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,312 shares of the financial services provider’s stock, valued at approximately $1,448,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MKTX. AQR Capital Management LLC lifted its holdings in shares of MarketAxess by 485.6% in the 2nd quarter. AQR Capital Management LLC now owns 758,462 shares of the financial services provider’s stock worth $167,195,000 after acquiring an additional 628,954 shares during the last quarter. Norges Bank purchased a new stake in MarketAxess in the 2nd quarter worth about $114,593,000. Millennium Management LLC lifted its stake in MarketAxess by 329.4% in the first quarter. Millennium Management LLC now owns 618,922 shares of the financial services provider’s stock worth $133,904,000 after purchasing an additional 474,776 shares during the last quarter. American Century Companies Inc. boosted its position in shares of MarketAxess by 119.1% during the second quarter. American Century Companies Inc. now owns 487,197 shares of the financial services provider’s stock valued at $108,811,000 after buying an additional 264,855 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of MarketAxess by 181.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 250,037 shares of the financial services provider’s stock valued at $55,843,000 after buying an additional 161,115 shares during the period. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

MKTX has been the topic of several recent analyst reports. Piper Sandler set a $180.00 price target on MarketAxess in a report on Tuesday, October 14th. UBS Group cut their price objective on MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Loop Capital set a $164.00 target price on MarketAxess in a research report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketAxess in a research note on Monday. Finally, Barclays upped their price target on shares of MarketAxess from $186.00 to $188.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $205.27.

MarketAxess Trading Down 1.3%

Shares of MKTX stock opened at $178.78 on Friday. MarketAxess Holdings Inc. has a twelve month low of $156.17 and a twelve month high of $232.84. The stock has a fifty day simple moving average of $168.80 and a two-hundred day simple moving average of $188.79. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 8.22 and a beta of 1.00.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.69 by $0.15. MarketAxess had a return on equity of 20.20% and a net margin of 26.16%.The firm had revenue of $208.82 million for the quarter, compared to analyst estimates of $212.59 million. During the same quarter last year, the firm posted $1.90 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th were issued a $0.76 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $3.04 annualized dividend and a dividend yield of 1.7%. MarketAxess’s payout ratio is currently 51.70%.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.