Advisor Group Holdings Inc. bought a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,001 shares of the financial services provider’s stock, valued at approximately $2,333,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Engineers Gate Manager LP grew its holdings in MarketAxess by 56.0% during the 1st quarter. Engineers Gate Manager LP now owns 1,911 shares of the financial services provider’s stock valued at $636,000 after buying an additional 686 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of MarketAxess by 487.3% in the 1st quarter. Squarepoint Ops LLC now owns 28,966 shares of the financial services provider’s stock worth $9,633,000 after purchasing an additional 24,034 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of MarketAxess by 25.9% in the 1st quarter. Meeder Asset Management Inc. now owns 515 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 106 shares during the period. Ashford Capital Management Inc. boosted its holdings in shares of MarketAxess by 33.2% in the 1st quarter. Ashford Capital Management Inc. now owns 60,677 shares of the financial services provider’s stock worth $20,179,000 after purchasing an additional 15,107 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in shares of MarketAxess in the 1st quarter worth approximately $1,572,000. 93.24% of the stock is currently owned by institutional investors.
In related news, insider Christophe Pierre Danie Roupie sold 1,920 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $457.00, for a total value of $877,440.00. Following the completion of the transaction, the insider now owns 10,914 shares of the company’s stock, valued at approximately $4,987,698. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard M. Mcvey sold 25,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $483.62, for a total value of $12,090,500.00. Following the completion of the transaction, the chief executive officer now directly owns 952,077 shares of the company’s stock, valued at approximately $460,443,478.74. The disclosure for this sale can be found here. Insiders sold 29,170 shares of company stock worth $14,047,103 in the last 90 days. Company insiders own 3.05% of the company’s stock.
A number of equities analysts recently issued reports on MKTX shares. Goldman Sachs Group upgraded MarketAxess from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $265.00 to $315.00 in a report on Tuesday, March 24th. Credit Suisse Group boosted their price objective on MarketAxess from $410.00 to $448.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Barclays upgraded MarketAxess from an “equal weight” rating to an “overweight” rating and set a $350.00 price objective for the company in a report on Monday, March 23rd. Rosenblatt Securities lifted their target price on MarketAxess from $455.00 to $465.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Finally, BidaskClub lowered MarketAxess from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $380.00.
Shares of MKTX stock opened at $498.61 on Wednesday. MarketAxess Holdings Inc. has a 1-year low of $275.49 and a 1-year high of $527.13. The stock’s fifty day moving average price is $497.84 and its 200 day moving average price is $403.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 7.53 and a quick ratio of 7.53. The company has a market cap of $18.90 billion, a price-to-earnings ratio of 83.52 and a beta of 0.63.
MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.06. The business had revenue of $169.00 million for the quarter, compared to the consensus estimate of $139.03 million. MarketAxess had a return on equity of 31.08% and a net margin of 40.87%. The company’s quarterly revenue was up 35.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 EPS. As a group, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.08 earnings per share for the current year.
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 firms the access to global liquidity in U.S.
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