MarketAxess Holdings Inc. $MKTX Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 3.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 77,034 shares of the financial services provider’s stock after acquiring an additional 2,550 shares during the period. Rhumbline Advisers owned approximately 0.21% of MarketAxess worth $17,205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its stake in shares of MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 80 shares during the last quarter. True Wealth Design LLC increased its position in shares of MarketAxess by 992.9% during the 2nd quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 139 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in MarketAxess in the 2nd quarter valued at about $37,000. MassMutual Private Wealth & Trust FSB lifted its position in MarketAxess by 51.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 248 shares of the financial services provider’s stock valued at $55,000 after buying an additional 84 shares during the last quarter. Finally, Allworth Financial LP lifted its position in MarketAxess by 160.5% in the second quarter. Allworth Financial LP now owns 310 shares of the financial services provider’s stock valued at $69,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Down 0.2%

Shares of MKTX stock opened at $163.93 on Friday. The firm has a 50 day moving average of $169.39 and a two-hundred day moving average of $193.39. The stock has a market capitalization of $6.09 billion, a PE ratio of 27.60, a P/E/G ratio of 6.44 and a beta of 0.94. MarketAxess Holdings Inc. has a 52 week low of $156.17 and a 52 week high of $265.74.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. The business had revenue of $208.82 million for the quarter, compared to analysts’ expectations of $212.59 million. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $1.90 earnings per share. Analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.9%. MarketAxess’s payout ratio is currently 51.70%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketAxess in a research note on Tuesday. Morgan Stanley cut MarketAxess from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $247.00 to $209.00 in a research note on Thursday, November 20th. Loop Capital set a $164.00 price target on MarketAxess in a research report on Tuesday, October 14th. Piper Sandler set a $180.00 price objective on MarketAxess in a research note on Tuesday, October 14th. Finally, Argus upgraded MarketAxess from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Monday, August 25th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, MarketAxess currently has a consensus rating of “Hold” and a consensus price target of $205.91.

Insider Transactions at MarketAxess

In related news, Director Stephen P. Casper sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $186.59, for a total transaction of $298,544.00. Following the sale, the director directly owned 43,208 shares in the company, valued at approximately $8,062,180.72. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Kevin M. Mcpherson sold 1,494 shares of MarketAxess stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $185.32, for a total transaction of $276,868.08. Following the completion of the transaction, the executive owned 67,681 shares of the company’s stock, valued at $12,542,642.92. This represents a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.65% of the company’s stock.

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.