Cetera Advisor Networks LLC bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 391 shares of the financial services provider’s stock, valued at approximately $223,000.
Several other large investors have also recently made changes to their positions in the business. Lindbrook Capital LLC grew its holdings in MarketAxess by 31.1% in the 4th quarter. Lindbrook Capital LLC now owns 80 shares of the financial services provider’s stock worth $46,000 after buying an additional 19 shares in the last quarter. Bessemer Group Inc. boosted its position in MarketAxess by 35.9% during the 4th quarter. Bessemer Group Inc. now owns 87 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 23 shares during the period. Captrust Financial Advisors grew its stake in shares of MarketAxess by 1.5% in the fourth quarter. Captrust Financial Advisors now owns 1,661 shares of the financial services provider’s stock worth $948,000 after purchasing an additional 25 shares in the last quarter. Huntington National Bank increased its holdings in shares of MarketAxess by 38.8% during the fourth quarter. Huntington National Bank now owns 111 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 31 shares during the period. Finally, Westover Capital Advisors LLC lifted its holdings in MarketAxess by 1.8% in the third quarter. Westover Capital Advisors LLC now owns 1,814 shares of the financial services provider’s stock worth $874,000 after purchasing an additional 32 shares during the period. Institutional investors own 90.76% of the company’s stock.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $518.80, for a total value of $10,376,000.00. Following the completion of the sale, the chief executive officer now directly owns 785,583 shares of the company’s stock, valued at $407,560,460.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Themelis sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $478.01, for a total transaction of $1,912,040.00. Following the transaction, the insider now directly owns 20,687 shares in the company, valued at $9,888,592.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,750 shares of company stock worth $13,795,995. Corporate insiders own 3.05% of the company’s stock.
MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, January 27th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.84 by $0.07. MarketAxess had a net margin of 42.73% and a return on equity of 33.35%. The company had revenue of $171.35 million during the quarter, compared to analysts’ expectations of $141.27 million. During the same period last year, the company posted $1.32 earnings per share. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, analysts anticipate that MarketAxess Holdings Inc. will post 7.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 24th. Investors of record on Wednesday, February 10th were paid a $0.66 dividend. This is a positive change from MarketAxess’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. MarketAxess’s dividend payout ratio (DPR) is currently 48.89%.
A number of analysts have recently weighed in on MKTX shares. William Blair reaffirmed a “market perform” rating on shares of MarketAxess in a research note on Wednesday, January 20th. Raymond James cut their target price on MarketAxess from $599.00 to $595.00 and set an “outperform” rating for the company in a research report on Tuesday. Piper Sandler lowered their price target on MarketAxess from $580.00 to $545.00 and set a “neutral” rating on the stock in a research report on Tuesday. Zacks Investment Research lowered MarketAxess from a “buy” rating to a “hold” rating and set a $590.00 price objective for the company. in a report on Thursday, December 31st. Finally, Rosenblatt Securities lifted their target price on MarketAxess from $588.00 to $605.00 and gave the stock a “buy” rating in a report on Monday, February 1st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $574.89.
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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