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 shares were sold at an average price of $190.61, for a total transaction of $6,671,350.00. Following the transaction, the chief executive officer now directly owns 1,115,767 shares of the company’s stock, valued at approximately $212,676,347.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of MarketAxess Holdings Inc. (NASDAQ MKTX) traded up $0.14 on Friday, hitting $189.16. 307,538 shares of the company traded hands, compared to its average volume of 307,401. The company has a market capitalization of $7,320.08, a P/E ratio of 47.94 and a beta of 0.60. MarketAxess Holdings Inc. has a 12 month low of $171.45 and a 12 month high of $211.06.
The company also recently declared a dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given a dividend of $0.42 per share. The ex-dividend date is Tuesday, February 13th. This represents a dividend yield of 0.00215097818293557%. This is an increase from MarketAxess’s previous dividend of $0.20. MarketAxess’s dividend payout ratio (DPR) is 33.93%.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its position in shares of MarketAxess by 0.4% during the second quarter. Parametric Portfolio Associates LLC now owns 36,011 shares of the financial services provider’s stock valued at $7,242,000 after acquiring an additional 134 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in MarketAxess by 9.1% in the second quarter. Cubist Systematic Strategies LLC now owns 1,624 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 135 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in MarketAxess by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 11,248 shares of the financial services provider’s stock worth $2,262,000 after purchasing an additional 156 shares during the last quarter. Stifel Financial Corp boosted its holdings in MarketAxess by 4.2% in the second quarter. Stifel Financial Corp now owns 6,701 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 271 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its holdings in MarketAxess by 30.8% in the third quarter. First Republic Investment Management Inc. now owns 1,373 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 323 shares during the last quarter. 92.15% of the stock is owned by institutional investors.
A number of brokerages have weighed in on MKTX. Zacks Investment Research raised shares of MarketAxess from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Raymond James Financial reissued a “market perform” rating on shares of MarketAxess in a research report on Monday, January 22nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $215.00 price target on shares of MarketAxess in a research report on Friday, December 22nd. Finally, Rosenblatt Securities initiated coverage on shares of MarketAxess in a research report on Thursday, December 14th. They set a “neutral” rating and a $190.00 price target for the company. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target 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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