UBS Asset Management Americas Inc. Acquires 5,645 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

UBS Asset Management Americas Inc. grew its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,415 shares of the financial services provider’s stock after purchasing an additional 5,645 shares during the period. UBS Asset Management Americas Inc. owned about 0.53% of MarketAxess worth $114,349,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Paces Ferry Wealth Advisors LLC bought a new position in shares of MarketAxess during the third quarter valued at $27,000. GoalVest Advisory LLC bought a new stake in MarketAxess in the 4th quarter worth approximately $38,000. Fieldpoint Private Securities LLC purchased a new stake in MarketAxess during the 4th quarter valued at $40,000. International Assets Investment Management LLC bought a new position in shares of MarketAxess during the 4th quarter valued at $41,000. Finally, Regent Peak Wealth Advisors LLC purchased a new position in shares of MarketAxess in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 90.76% of the company’s stock.

Several brokerages have issued reports on MKTX. Zacks Investment Research cut MarketAxess from a “buy” rating to a “hold” rating and set a $590.00 target price on the stock. in a research report on Thursday, December 31st. William Blair reaffirmed a “market perform” rating on shares of MarketAxess in a report on Wednesday, January 20th. Piper Sandler lowered their price objective on MarketAxess from $580.00 to $545.00 and set a “neutral” rating for the company in a research note on Tuesday. Morgan Stanley reduced their price objective on shares of MarketAxess from $606.00 to $579.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 31st. Finally, Rosenblatt Securities boosted their price objective on MarketAxess from $588.00 to $605.00 and gave the company a “buy” rating in a report on Monday, February 1st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $574.89.

In other MarketAxess news, General Counsel Scott Pintoff sold 250 shares of the company’s stock in a transaction on Monday, February 8th. The stock was sold at an average price of $572.32, for a total transaction of $143,080.00. Following the completion of the sale, the general counsel now owns 6,473 shares in the company, valued at $3,704,627.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Antonio L. Delise sold 2,500 shares of the stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $545.95, for a total value of $1,364,875.00. Following the sale, the chief financial officer now directly owns 28,331 shares in the company, valued at approximately $15,467,309.45. The disclosure for this sale can be found here. Insiders have sold a total of 26,750 shares of company stock worth $13,795,995 in the last three months. Insiders own 3.05% of the company’s stock.

Shares of NASDAQ MKTX opened at $521.01 on Thursday. MarketAxess Holdings Inc. has a 52-week low of $378.02 and a 52-week high of $606.45. The firm has a market capitalization of $19.80 billion, a price-to-earnings ratio of 71.76 and a beta of 0.41. The stock has a 50 day moving average price of $525.08 and a 200 day moving average price of $534.75.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, January 27th. The financial services provider reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.07. The business had revenue of $171.35 million during the quarter, compared to analysts’ expectations of $141.27 million. MarketAxess had a return on equity of 33.35% and a net margin of 42.73%. The business’s revenue for the quarter was up 32.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 EPS. Equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 24th. Investors of record on Wednesday, February 10th were paid a $0.66 dividend. The ex-dividend date of this dividend was Tuesday, February 9th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.60. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. MarketAxess’s dividend payout ratio is 48.89%.

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 firms the access to global liquidity in U.S.

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