CIBC World Markets Inc. lifted its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 839.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,561 shares of the financial services provider’s stock after purchasing an additional 13,904 shares during the quarter. CIBC World Markets Inc.’s holdings in MarketAxess Holdings were worth $3,129,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MKTX. BlackRock Inc. grew its stake in shares of MarketAxess Holdings by 16,586.2% during the 1st quarter. BlackRock Inc. now owns 3,000,674 shares of the financial services provider’s stock worth $562,595,000 after purchasing an additional 2,982,691 shares during the period. Eagle Asset Management Inc. acquired a new stake in MarketAxess Holdings in the 2nd quarter valued at about $32,252,000. Vanguard Group Inc. grew its stake in MarketAxess Holdings by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock valued at $535,390,000 after acquiring an additional 134,735 shares during the last quarter. Prudential Financial Inc. grew its stake in MarketAxess Holdings by 328.8% in the 2nd quarter. Prudential Financial Inc. now owns 137,410 shares of the financial services provider’s stock valued at $27,634,000 after acquiring an additional 105,366 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in MarketAxess Holdings by 10.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 840,526 shares of the financial services provider’s stock valued at $169,031,000 after acquiring an additional 77,588 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.
In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total value of $3,972,600.00. Following the sale, the chief executive officer now directly owns 1,108,142 shares in the company, valued at $220,110,245.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.51% of the stock is currently owned by insiders.
Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at 178.38 on Monday. The company has a 50-day moving average of $194.57 and a 200-day moving average of $192.48. The firm has a market capitalization of $6.70 billion, a PE ratio of 46.92 and a beta of 0.70. MarketAxess Holdings, Inc. has a 52 week low of $145.10 and a 52 week high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping the 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 analysts’ expectations of $96.42 million. During the same period in the previous year, the business earned $0.88 earnings per share. MarketAxess Holdings’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts forecast that MarketAxess Holdings, Inc. will post $4.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, August 8th. MarketAxess Holdings’s dividend payout ratio (DPR) is presently 34.65%.
A number of equities research analysts recently commented on MKTX shares. BidaskClub cut shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $205.00 price objective on shares of MarketAxess Holdings in a research note on Thursday, July 6th. Zacks Investment Research cut shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Raymond James Financial, Inc. increased their price objective on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $197.17.
MarketAxess Holdings Profile
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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