MarketAxess Holdings, Inc. (MKTX) to Issue $0.33 Quarterly Dividend
MarketAxess Holdings, Inc. (NASDAQ:MKTX) declared a quarterly dividend on Wednesday, July 26th, NASDAQ reports. Stockholders of record on Thursday, August 10th will be paid a dividend of 0.33 per share by the financial services provider on Thursday, August 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, August 8th.
Shares of MarketAxess Holdings (NASDAQ:MKTX) traded down 0.75% on Thursday, hitting $203.62. The stock had a trading volume of 35,837 shares. The firm has a 50 day moving average price of $199.54 and a 200-day moving average price of $188.58. MarketAxess Holdings has a 52 week low of $145.10 and a 52 week high of $211.06. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 55.30 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.39% and a net margin of 36.26%. The firm had revenue of $97.31 million during the quarter, compared to the consensus estimate of $96.42 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts anticipate that MarketAxess Holdings will post $4.09 EPS for the current year.
MKTX has been the subject of several research analyst reports. BidaskClub downgraded MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $190.00 price objective on shares of MarketAxess Holdings in a research report on Tuesday, April 4th. Finally, Zacks Investment Research upgraded MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $189.83.
In other news, CEO Richard M. Mcvey sold 27,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $191.20, for a total transaction of $5,162,400.00. Following the completion of the sale, the chief executive officer now owns 1,082,844 shares in the company, valued at $207,039,772.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Nicholas Themelis sold 5,596 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $200.84, for a total value of $1,123,900.64. Following the sale, the insider now owns 67,763 shares of the company’s stock, valued at approximately $13,609,520.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,112 shares of company stock valued at $11,912,518. 4.51% of the stock is currently owned by corporate insiders.
MarketAxess Holdings Company 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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