MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,825 shares of the financial services provider’s stock after selling 183 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MarketAxess were worth $724,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in shares of MarketAxess by 0.8% in the 3rd quarter. Toronto Dominion Bank now owns 24,737 shares of the financial services provider’s stock valued at $6,338,000 after purchasing an additional 193 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in MarketAxess by 4.7% in the third quarter. Coldstream Capital Management Inc. now owns 9,645 shares of the financial services provider’s stock valued at $2,471,000 after buying an additional 437 shares during the last quarter. Geode Capital Management LLC raised its stake in MarketAxess by 14.9% in the third quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock valued at $275,122,000 after buying an additional 139,949 shares in the last quarter. M&T Bank Corp lifted its holdings in MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock worth $376,000 after buying an additional 56 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of MarketAxess by 16.5% during the 3rd quarter. Barclays PLC now owns 140,760 shares of the financial services provider’s stock worth $36,063,000 after acquiring an additional 19,962 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Down 1.0 %

NASDAQ MKTX opened at $232.51 on Thursday. The firm has a market cap of $8.77 billion, a P/E ratio of 31.51, a P/E/G ratio of 10.54 and a beta of 1.00. MarketAxess Holdings Inc. has a 52-week low of $192.42 and a 52-week high of $297.97. The business’s 50-day moving average price is $268.81 and its 200 day moving average price is $242.64.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The company had revenue of $206.70 million for the quarter, compared to the consensus estimate of $207.17 million. During the same period last year, the business posted $1.46 EPS. The company’s revenue was up 20.0% on a year-over-year basis. As a group, analysts anticipate that MarketAxess Holdings Inc. will post 7.38 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.74 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $2.96 annualized dividend and a yield of 1.27%. MarketAxess’s dividend payout ratio is currently 40.11%.

Insiders Place Their Bets

In related news, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the sale, the general counsel now directly owns 8,302 shares in the company, valued at $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard M. Mcvey sold 10,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the transaction, the chairman now owns 562,029 shares of the company’s stock, valued at $150,438,302.43. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,300 shares of company stock worth $8,183,871. 2.66% of the stock is owned by insiders.

Analyst Ratings Changes

MKTX has been the topic of several research analyst reports. UBS Group raised their target price on MarketAxess from $330.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upped their target price on shares of MarketAxess from $270.00 to $276.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Citigroup lifted their price target on shares of MarketAxess from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Piper Sandler restated a “neutral” rating and issued a $265.00 price objective on shares of MarketAxess in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, MarketAxess currently has an average rating of “Hold” and an average price target of $266.70.

About MarketAxess

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.