MarketAxess Holdings, Inc. (MKTX) Given Consensus Rating of “Buy” by Analysts
MarketAxess Holdings, Inc. (NASDAQ:MKTX) has received a consensus rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $192.40.
MKTX has been the subject of a number of research reports. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $210.00 price objective on shares of MarketAxess Holdings in a research note on Friday, July 14th. 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 note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $221.00 price objective for the company in a research note on Monday, May 1st.
In other MarketAxess Holdings news, insider Kevin M. Mcpherson sold 9,286 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the sale, the insider now owns 90,929 shares of the company’s stock, valued at approximately $18,308,554.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 34,882 shares of company stock valued at $6,966,237 in the last three months. 4.51% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in MKTX. American International Group Inc. boosted its stake in shares of MarketAxess Holdings by 3.8% in the first quarter. American International Group Inc. now owns 75,058 shares of the financial services provider’s stock valued at $14,073,000 after buying an additional 2,781 shares during the last quarter. Swiss National Bank boosted its stake in shares of MarketAxess Holdings by 0.3% in the first quarter. Swiss National Bank now owns 62,106 shares of the financial services provider’s stock valued at $11,644,000 after buying an additional 200 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of MarketAxess Holdings by 78.9% in the first quarter. Driehaus Capital Management LLC now owns 7,282 shares of the financial services provider’s stock valued at $1,365,000 after buying an additional 3,212 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of MarketAxess Holdings by 185.0% in the first quarter. Canada Pension Plan Investment Board now owns 5,700 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 3,700 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 valued at $535,390,000 after buying an additional 134,735 shares during the last quarter. 90.36% of the stock is owned by institutional investors and hedge funds.
Shares of MarketAxess Holdings (MKTX) opened at 192.03 on Friday. The firm has a 50-day moving average of $198.01 and a 200-day moving average of $192.58. MarketAxess Holdings has a 12 month low of $145.10 and a 12 month high of $211.06. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 50.51 and a beta of 0.69.
MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating 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 company had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. During the same quarter in the prior year, the company earned $0.88 EPS. The firm’s revenue was up .7% on a year-over-year basis. On average, analysts anticipate that MarketAxess Holdings will post $4.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.32 annualized dividend and a yield of 0.69%. MarketAxess Holdings’s payout ratio is currently 34.65%.
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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