SG Americas Securities LLC Trims Stock Position in MarketAxess Holdings Inc. $MKTX

SG Americas Securities LLC trimmed its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 24.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,149 shares of the financial services provider’s stock after selling 7,638 shares during the period. SG Americas Securities LLC’s holdings in MarketAxess were worth $4,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its holdings in shares of MarketAxess by 1.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider’s stock worth $1,105,000 after acquiring an additional 51 shares during the period. Exchange Traded Concepts LLC increased its position in MarketAxess by 1.6% during the second quarter. Exchange Traded Concepts LLC now owns 4,157 shares of the financial services provider’s stock worth $928,000 after purchasing an additional 64 shares during the last quarter. Claret Asset Management Corp raised its stake in MarketAxess by 6.6% during the second quarter. Claret Asset Management Corp now owns 1,059 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 66 shares during the period. Benedict Financial Advisors Inc. boosted its holdings in shares of MarketAxess by 4.3% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 1,602 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 66 shares during the last quarter. Finally, RMR Wealth Builders grew its stake in shares of MarketAxess by 3.5% during the 2nd quarter. RMR Wealth Builders now owns 2,025 shares of the financial services provider’s stock valued at $452,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays cut their target price on MarketAxess from $188.00 to $182.00 and set an “equal weight” rating on the stock in a research report on Thursday. Argus cut their price objective on MarketAxess from $212.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Zacks Research upgraded MarketAxess from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. UBS Group dropped their target price on shares of MarketAxess from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday. Finally, Loop Capital set a $164.00 price target on shares of MarketAxess in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $202.91.

MarketAxess Stock Performance

Shares of NASDAQ:MKTX opened at $168.77 on Monday. The business’s 50-day simple moving average is $172.20 and its 200 day simple moving average is $183.79. The company has a market cap of $6.27 billion, a P/E ratio of 28.70, a PEG ratio of 5.64 and a beta of 0.97. MarketAxess Holdings Inc. has a one year low of $156.17 and a one year high of $232.84.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. The company had revenue of $208.82 million during the quarter, compared to the consensus estimate of $212.59 million. MarketAxess had a net margin of 26.16% and a return on equity of 20.20%. MarketAxess’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $1.90 earnings per share. Analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $3.04 annualized dividend and a yield of 1.8%. MarketAxess’s payout ratio is 51.70%.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.