BidaskClub upgraded shares of MarketAxess (NASDAQ:MKTX) from a hold rating to a buy rating in a research report released on Tuesday.
MKTX has been the subject of a number of other research reports. Zacks Investment Research lowered MarketAxess from a hold rating to a sell rating in a research report on Friday, January 11th. Buckingham Research started coverage on MarketAxess in a research report on Thursday, January 10th. They set a neutral rating for the company. Finally, Goldman Sachs Group started coverage on MarketAxess in a research report on Monday, November 5th. They set a sell rating for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $215.50.
Shares of MKTX opened at $226.76 on Tuesday. The firm has a market cap of $8.58 billion, a P/E ratio of 49.62, a P/E/G ratio of 8.82 and a beta of 0.11. MarketAxess has a 12 month low of $172.09 and a 12 month high of $231.33.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.06. The firm had revenue of $112.44 million during the quarter, compared to the consensus estimate of $112.37 million. MarketAxess had a return on equity of 30.31% and a net margin of 39.69%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 EPS. On average, analysts anticipate that MarketAxess will post 5.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 27th. Stockholders of record on Wednesday, February 13th will be issued a $0.51 dividend. This is a positive change from MarketAxess’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, February 12th. This represents a $2.04 annualized dividend and a dividend yield of 0.90%. MarketAxess’s dividend payout ratio is 44.64%.
In other news, insider Kevin M. Mcpherson sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $216.89, for a total transaction of $542,225.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Steinhardt sold 3,187 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $215.62, for a total value of $687,180.94. Following the sale, the director now directly owns 24,899 shares in the company, valued at $5,368,722.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,687 shares of company stock valued at $5,648,206. Insiders own 3.52% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. raised its position in shares of MarketAxess by 163.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,648 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 1,643 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of MarketAxess during the fourth quarter worth $1,908,000. Paloma Partners Management Co acquired a new stake in shares of MarketAxess during the fourth quarter worth $712,000. Squarepoint Ops LLC raised its position in shares of MarketAxess by 2.4% during the fourth quarter. Squarepoint Ops LLC now owns 13,178 shares of the financial services provider’s stock worth $2,785,000 after purchasing an additional 309 shares during the period. Finally, Suntrust Banks Inc. raised its position in shares of MarketAxess by 2.9% during the fourth quarter. Suntrust Banks Inc. now owns 29,459 shares of the financial services provider’s stock worth $6,225,000 after purchasing an additional 826 shares during the period. 99.19% of the stock is currently owned by institutional investors.
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 the access to global liquidity in U.S.
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