American Century Companies Inc. lessened its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 736,597 shares of the financial services provider’s stock after selling 5,526 shares during the period. American Century Companies Inc. owned 1.96% of MarketAxess worth $131,475,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of MKTX. Baillie Gifford & Co. raised its position in shares of MarketAxess by 0.6% during the 2nd quarter. Baillie Gifford & Co. now owns 3,682,935 shares of the financial services provider’s stock valued at $728,705,000 after acquiring an additional 21,869 shares during the last quarter. BlackRock Inc. raised its position in shares of MarketAxess by 3.6% during the 2nd quarter. BlackRock Inc. now owns 3,411,494 shares of the financial services provider’s stock valued at $674,996,000 after acquiring an additional 117,686 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of MarketAxess by 11.0% during the 3rd quarter. Wells Fargo & Company MN now owns 1,253,683 shares of the financial services provider’s stock valued at $223,770,000 after acquiring an additional 124,489 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of MarketAxess by 2.1% during the 2nd quarter. Janus Henderson Group PLC now owns 680,335 shares of the financial services provider’s stock valued at $134,611,000 after acquiring an additional 14,096 shares during the last quarter. Finally, Van Berkom & Associates Inc. raised its position in shares of MarketAxess by 0.7% during the 2nd quarter. Van Berkom & Associates Inc. now owns 469,609 shares of the financial services provider’s stock valued at $92,917,000 after acquiring an additional 3,187 shares during the last quarter. Hedge funds and other institutional investors own 98.60% of the company’s stock.
Several analysts have commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $210.00 target price on shares of MarketAxess in a research report on Thursday, July 26th. ValuEngine upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. BidaskClub upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Barclays initiated coverage on shares of MarketAxess in a research report on Friday, September 7th. They issued an “equal weight” rating and a $200.00 price objective for the company. Finally, Zacks Investment Research cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. MarketAxess has a consensus rating of “Hold” and a consensus price target of $210.63.
MKTX opened at $208.48 on Friday. MarketAxess Holdings Inc. has a 12 month low of $171.53 and a 12 month high of $229.84. The firm has a market capitalization of $7.79 billion, a P/E ratio of 53.46, a PEG ratio of 9.38 and a beta of 0.11.
MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.09. MarketAxess had a net margin of 37.97% and a return on equity of 29.40%. The business had revenue of $101.44 million during the quarter, compared to analysts’ expectations of $101.19 million. During the same quarter in the prior year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that MarketAxess Holdings Inc. will post 4.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Tuesday, November 6th. MarketAxess’s dividend payout ratio is currently 43.08%.
In related news, CEO Richard M. Mcvey sold 23,842 shares of the company’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total value of $5,052,835.06. Following the completion of the sale, the chief executive officer now owns 1,054,986 shares in the company, valued at approximately $223,583,182.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nicholas Themelis sold 12,831 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $186.51, for a total transaction of $2,393,109.81. The disclosure for this sale can be found here. 3.52% of the stock is owned by corporate insiders.
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MarketAxess Company Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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