MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 17,300 shares of the financial services provider’s stock after selling 600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in MarketAxess were worth $5,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in MarketAxess by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,184,298 shares of the financial services provider’s stock valued at $1,423,499,000 after buying an additional 25,208 shares in the last quarter. BlackRock Inc. grew its stake in shares of MarketAxess by 18.3% in the first quarter. BlackRock Inc. now owns 3,928,679 shares of the financial services provider’s stock valued at $1,537,253,000 after buying an additional 608,107 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of MarketAxess by 0.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,071,391 shares of the financial services provider’s stock valued at $577,691,000 after buying an additional 19,225 shares in the last quarter. State Street Corp lifted its position in MarketAxess by 0.7% during the 1st quarter. State Street Corp now owns 1,868,716 shares of the financial services provider’s stock worth $635,737,000 after acquiring an additional 13,367 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in MarketAxess by 2.0% during the 3rd quarter. Royal Bank of Canada now owns 1,705,958 shares of the financial services provider’s stock worth $364,462,000 after acquiring an additional 33,288 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

MKTX has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Piper Sandler lowered their price objective on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research note on Friday, April 12th. Rosenblatt Securities reduced their target price on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research note on Thursday, February 1st. Bank of America assumed coverage on shares of MarketAxess in a report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 price target on the stock. Finally, The Goldman Sachs Group cut their target price on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $252.80.

MarketAxess Trading Down 1.1 %

Shares of MarketAxess stock opened at $202.77 on Wednesday. MarketAxess Holdings Inc. has a twelve month low of $200.01 and a twelve month high of $341.92. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 4.28 and a beta of 0.98. The business’s 50 day simple moving average is $217.73 and its 200-day simple moving average is $237.86.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.11. The company had revenue of $197.20 million for the quarter, compared to analysts’ expectations of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. Sell-side analysts predict that MarketAxess Holdings Inc. will post 7.28 earnings per share for the current year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.74 dividend. This is a boost from MarketAxess’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.96 annualized dividend and a yield of 1.46%. MarketAxess’s dividend payout ratio is 43.21%.

Insider Buying and Selling at MarketAxess

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the completion of the transaction, the executive now directly owns 70,092 shares in the company, valued at $15,508,555.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

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.