Capital Fund Management S.A. Raises Stock Position in MarketAxess Holdings Inc. $MKTX

Capital Fund Management S.A. raised its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 214.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,392 shares of the financial services provider’s stock after buying an additional 36,397 shares during the period. Capital Fund Management S.A.’s holdings in MarketAxess were worth $11,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in shares of MarketAxess by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 80 shares during the period. True Wealth Design LLC lifted its holdings in MarketAxess by 992.9% in the second quarter. True Wealth Design LLC now owns 153 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 139 shares during the period. Harbor Investment Advisory LLC purchased a new position in MarketAxess in the second quarter worth about $37,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of MarketAxess by 51.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 248 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 84 shares during the period. Finally, Allworth Financial LP increased its position in shares of MarketAxess by 160.5% during the 2nd quarter. Allworth Financial LP now owns 310 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 191 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

MarketAxess Trading Down 0.2%

NASDAQ:MKTX opened at $163.93 on Friday. The stock has a 50-day moving average price of $169.39 and a 200 day moving average price of $193.25. The stock has a market capitalization of $6.09 billion, a P/E ratio of 27.60, a P/E/G ratio of 6.44 and a beta of 0.94. MarketAxess Holdings Inc. has a 12-month low of $156.17 and a 12-month high of $265.74.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Friday, November 7th. The financial services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. The business had revenue of $208.82 million during the quarter, compared to the consensus estimate of $212.59 million. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 EPS. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, November 19th. MarketAxess’s payout ratio is currently 51.70%.

Insider Buying and Selling at MarketAxess

In other news, Director Stephen P. Casper sold 1,600 shares of MarketAxess stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $186.59, for a total value of $298,544.00. Following the sale, the director directly owned 43,208 shares of the company’s stock, valued at approximately $8,062,180.72. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Kevin M. Mcpherson sold 1,494 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $185.32, for a total value of $276,868.08. Following the completion of the sale, the executive owned 67,681 shares in the company, valued at $12,542,642.92. This represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.65% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MKTX has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on shares of MarketAxess from $194.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of MarketAxess in a research note on Tuesday. Wall Street Zen upgraded MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Barclays raised their target price on MarketAxess from $186.00 to $188.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Finally, Loop Capital set a $164.00 price target on MarketAxess in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $205.91.

MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.