Renaissance Technologies LLC lowered its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 24.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 281,910 shares of the financial services provider’s stock after selling 90,900 shares during the period. Renaissance Technologies LLC owned 0.75% of MarketAxess worth $56,875,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. bought a new position in MarketAxess during the fourth quarter worth about $14,046,000. Alliancebernstein L.P. grew its holdings in MarketAxess by 34.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,137,345 shares of the financial services provider’s stock worth $229,459,000 after purchasing an additional 292,437 shares during the period. Geode Capital Management LLC grew its holdings in MarketAxess by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 325,252 shares of the financial services provider’s stock worth $65,619,000 after purchasing an additional 7,958 shares during the period. Allianz Asset Management GmbH grew its holdings in MarketAxess by 106.0% during the fourth quarter. Allianz Asset Management GmbH now owns 396,862 shares of the financial services provider’s stock worth $80,067,000 after purchasing an additional 204,205 shares during the period. Finally, Amalgamated Bank boosted its holdings in shares of MarketAxess by 5.6% during the fourth quarter. Amalgamated Bank now owns 7,726 shares of the financial services provider’s stock worth $1,559,000 after acquiring an additional 408 shares during the period. Institutional investors and hedge funds own 99.82% of the company’s stock.
Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) opened at $223.97 on Wednesday. MarketAxess Holdings Inc. has a 1-year low of $171.45 and a 1-year high of $227.06. The stock has a market capitalization of $8,396.97, a P/E ratio of 57.22 and a beta of 0.57.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from MarketAxess’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, February 13th. MarketAxess’s payout ratio is presently 43.19%.
In other news, CEO Richard M. Mcvey sold 35,000 shares of MarketAxess stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $190.61, for a total value of $6,671,350.00. Following the completion of the sale, the chief executive officer now directly owns 1,115,767 shares in the company, valued at $212,676,347.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Antonio L. Delise sold 8,000 shares of MarketAxess stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $200.67, for a total transaction of $1,605,360.00. Following the completion of the sale, the chief financial officer now owns 45,696 shares of the company’s stock, valued at $9,169,816.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,625 shares of company stock valued at $10,290,970. 4.02% of the stock is owned by company insiders.
A number of equities research analysts have recently issued reports on MKTX shares. BidaskClub upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Thursday, March 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $215.00 price objective on shares of MarketAxess in a report on Friday, December 22nd. Zacks Investment Research upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Raymond James Financial restated a “market perform” rating on shares of MarketAxess in a report on Monday, January 22nd. Finally, UBS Group cut MarketAxess from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. MarketAxess presently has an average rating of “Hold” and an average target price 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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