MarketAxess Holdings Inc. (NASDAQ:MKTX) announced a dividend on Wednesday, January 31st, Fidelity reports. Investors of record on Wednesday, February 14th will be given a dividend of 0.42 per share by the financial services provider on Wednesday, February 28th. This represents a yield of 0.00215097818293557%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from MarketAxess’s previous dividend of $0.20.
MarketAxess (MKTX) traded down $1.13 on Thursday, reaching $193.88. 13,529 shares of the company traded hands, compared to its average volume of 293,366. The firm has a market capitalization of $7,329.46, a PE ratio of 50.13 and a beta of 0.60. MarketAxess has a 1 year low of $171.45 and a 1 year high of $211.06.
MarketAxess announced that its board has initiated a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Several analysts have weighed in on MKTX shares. Zacks Investment Research upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Rosenblatt Securities started coverage on shares of MarketAxess in a research note on Thursday, December 14th. They set a “neutral” rating and a $190.00 target price for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $215.00 target price on shares of MarketAxess in a research note on Friday, December 22nd. Goldman Sachs Group lowered shares of MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Monday, January 8th. Finally, UBS Group lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $214.40.
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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