MarketAxess (NASDAQ:MKTX) General Counsel Scott Pintoff Sells 100 Shares of Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of MarketAxess stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $164.80, for a total transaction of $16,480.00. Following the completion of the sale, the general counsel owned 11,286 shares of the company’s stock, valued at approximately $1,859,932.80. This trade represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Scott Pintoff also recently made the following trade(s):

• On Monday, October 12th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $164.65, for a total transaction of $16,465.00.
• On Thursday, September 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $163.32, for a total transaction of $16,332.00.

MarketAxess Price Performance

Shares of MKTX stock opened at $165.08 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.01 and a quick ratio of 1.85. The firm has a market cap of $5.81 billion, a P/E ratio of 20.21, a P/E/G ratio of 2.22 and a beta of 0.83. MarketAxess Holdings Inc. has a 1-year low of $108.75 and a 1-year high of $195.96. The firm has a fifty day moving average of $164.21 and a two-hundred day moving average of $155.24.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Friday, October 23rd. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). MarketAxess had a net margin of 33.51% and a return on equity of 22.75%. The firm had revenue of $210.41 million for the quarter, compared to analyst estimates of $218.98 million. During the same quarter in the previous year, the company earned $1.84 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts anticipate that MarketAxess Holdings Inc. will post 7.98 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, November 10th. MarketAxess’s dividend payout ratio is 38.19%.

Analyst Ratings Changes

MKTX has been the topic of several recent research reports. Piper Sandler lowered their price objective on shares of MarketAxess from $175.00 to $128.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Morgan Stanley increased their price objective on MarketAxess from $129.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Friday, October 9th. Weiss Ratings upgraded shares of MarketAxess from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 29th. William Blair cut MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Finally, Barclays lifted their target price on shares of MarketAxess from $132.00 to $167.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $159.44.

Institutional Investors Weigh In On MarketAxess

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its stake in shares of MarketAxess by 104.7% in the second quarter. Squarepoint Ops LLC now owns 32,462 shares of the financial services provider’s stock worth $3,684,000 after buying an additional 16,604 shares during the last quarter. Amundi grew its stake in MarketAxess by 803.9% in the 1st quarter. Amundi now owns 258,708 shares of the financial services provider’s stock valued at $42,682,000 after buying an additional 230,087 shares during the last quarter. Legal & General Group Plc bought a new position in MarketAxess in the 2nd quarter worth $9,585,000. Hsbc Holdings PLC raised its holdings in MarketAxess by 59.8% in the 2nd quarter. Hsbc Holdings PLC now owns 33,576 shares of the financial services provider’s stock worth $3,814,000 after acquiring an additional 12,567 shares during the period. Finally, Bank of America Corp DE acquired a new position in MarketAxess during the 2nd quarter worth $34,446,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Company Profile

MarketAxess Holdings Inc. operates an electronic trading platform for fixed-income securities. Its marketplace connects institutional investors and broker-dealers, enabling them to trade bonds and other debt instruments through electronic tools such as request-for-quote and open trading protocols. The platform supports trading across a range of fixed-income markets, including U.S. and European corporate bonds, U.S. Treasuries, municipal bonds, emerging-market debt and other securities. MarketAxess also provides market data and trading analytics to help clients assess prices and make trading decisions.