ING Groep NV acquired a new position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,572 shares of the financial services provider’s stock, valued at approximately $919,000.
A number of other large investors have also modified their holdings of the company. BlackRock Inc. raised its position in MarketAxess Holdings by 16,586.2% in the first quarter. BlackRock Inc. now owns 3,000,674 shares of the financial services provider’s stock worth $562,595,000 after buying an additional 2,982,691 shares in the last quarter. Vanguard Group Inc. raised its position in shares of MarketAxess Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock worth $535,390,000 after buying an additional 134,735 shares in the last quarter. State Street Corp raised its position in shares of MarketAxess Holdings by 2.3% in the first quarter. State Street Corp now owns 980,810 shares of the financial services provider’s stock worth $183,883,000 after buying an additional 22,091 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of MarketAxess Holdings by 7.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 762,938 shares of the financial services provider’s stock worth $143,043,000 after buying an additional 52,903 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of MarketAxess Holdings by 9.5% in the first quarter. American Century Companies Inc. now owns 544,281 shares of the financial services provider’s stock worth $102,047,000 after buying an additional 47,254 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.
MarketAxess Holdings, Inc. (NASDAQ MKTX) traded down 1.51% during mid-day trading on Friday, hitting $192.46. 254,447 shares of the stock traded hands. The stock has a market capitalization of $7.22 billion, a PE ratio of 50.62 and a beta of 0.69. The company has a 50 day moving average price of $198.90 and a 200-day moving average price of $192.04. MarketAxess Holdings, Inc. has a one year low of $145.10 and a one year high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The firm had revenue of $97.31 million for the quarter, compared to analyst estimates of $96.42 million. During the same period in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts anticipate that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, August 8th. MarketAxess Holdings’s payout ratio is 34.65%.
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MKTX has been the subject of a number of research analyst reports. BidaskClub lowered shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Raymond James Financial, Inc. upped their price objective on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $221.00 price target for the company in a research report on Monday, May 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $205.00 price target on shares of MarketAxess Holdings in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. MarketAxess Holdings currently has an average rating of “Buy” and a consensus target price of $197.17.
In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the sale, the chief executive officer now directly owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin M. Mcpherson sold 9,286 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the sale, the insider now directly owns 90,929 shares in the company, valued at $18,308,554.15. The disclosure for this sale can be found here. Insiders have sold a total of 35,112 shares of company stock worth $7,008,718 over the last three months. Insiders own 4.51% of the company’s stock.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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