MarketAxess Holdings Inc. (NASDAQ:MKTX) CEO Richard M. Mcvey sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $190.61, for a total transaction of $6,671,350.00. Following the completion of the sale, the chief executive officer now owns 1,115,767 shares in the company, valued at approximately $212,676,347.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of MarketAxess Holdings Inc. (MKTX) traded up $0.14 during trading on Friday, hitting $189.16. 307,538 shares of the stock traded hands, compared to its average volume of 307,401. The stock has a market cap of $7,320.08, a PE ratio of 47.94 and a beta of 0.60. MarketAxess Holdings Inc. has a 1-year low of $171.45 and a 1-year high of $211.06.
The firm also recently declared a dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.42 per share. This represents a dividend yield of 0.00215097818293557%. The ex-dividend date is Tuesday, February 13th. This is a boost from MarketAxess’s previous dividend of $0.20. MarketAxess’s dividend payout ratio (DPR) is currently 33.93%.
Several institutional investors have recently modified their holdings of MKTX. AHL Partners LLP purchased a new position in shares of MarketAxess during the 2nd quarter valued at $338,000. State Street Corp lifted its stake in shares of MarketAxess by 0.4% during the 2nd quarter. State Street Corp now owns 984,978 shares of the financial services provider’s stock valued at $198,075,000 after buying an additional 4,168 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of MarketAxess during the 3rd quarter valued at $594,000. Canada Pension Plan Investment Board lifted its stake in shares of MarketAxess by 20.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 11,900 shares of the financial services provider’s stock valued at $2,196,000 after buying an additional 2,000 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of MarketAxess by 39.3% during the 3rd quarter. Jane Street Group LLC now owns 3,292 shares of the financial services provider’s stock valued at $607,000 after buying an additional 929 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.
MKTX has been the topic of several research reports. Zacks Investment Research upgraded shares of MarketAxess from a “hold” rating to a “strong-buy” rating and set a $238.00 target price on the stock in a report on Monday, January 8th. Rosenblatt Securities initiated coverage on shares of MarketAxess in a report on Thursday, December 14th. They issued a “neutral” rating and a $190.00 target price on the stock. UBS Group cut shares of MarketAxess from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Goldman Sachs Group cut shares of MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 target price on the stock. in a report on Monday, January 8th. Finally, BidaskClub cut shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. MarketAxess has a consensus rating of “Hold” and a consensus target price of $214.40.
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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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