MarketAxess Holdings Inc. $MKTX Shares Acquired by Oak Thistle LLC

Oak Thistle LLC lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 119.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,404 shares of the financial services provider’s stock after acquiring an additional 5,657 shares during the quarter. Oak Thistle LLC’s holdings in MarketAxess were worth $1,813,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Comerica Bank lifted its stake in MarketAxess by 0.9% during the first quarter. Comerica Bank now owns 5,181 shares of the financial services provider’s stock worth $1,121,000 after purchasing an additional 48 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of MarketAxess by 1.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider’s stock worth $1,105,000 after acquiring an additional 51 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in MarketAxess by 1.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 4,157 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 64 shares in the last quarter. Claret Asset Management Corp grew its position in shares of MarketAxess by 6.6% during the second quarter. Claret Asset Management Corp now owns 1,059 shares of the financial services provider’s stock worth $236,000 after buying an additional 66 shares in the last quarter. Finally, Benedict Financial Advisors Inc. increased its position in shares of MarketAxess by 4.3% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 1,602 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MKTX shares. Barclays boosted their target price on MarketAxess from $186.00 to $188.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Piper Sandler set a $180.00 target price on shares of MarketAxess in a research note on Tuesday, October 14th. UBS Group lowered their price objective on shares of MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price objective on MarketAxess from $194.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of MarketAxess in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $205.27.

MarketAxess Trading Up 1.3%

Shares of MKTX opened at $181.88 on Thursday. MarketAxess Holdings Inc. has a 12-month low of $156.17 and a 12-month high of $235.65. The stock has a market cap of $6.76 billion, a P/E ratio of 30.93, a PEG ratio of 8.15 and a beta of 1.00. The company has a 50-day moving average of $168.59 and a two-hundred day moving average of $189.12.

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

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.7%. MarketAxess’s dividend payout ratio (DPR) is presently 51.70%.

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.