MarketAxess Holdings Inc. $MKTX Shares Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 34.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,370 shares of the financial services provider’s stock after buying an additional 10,063 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned approximately 0.11% of MarketAxess worth $6,495,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in MarketAxess by 151.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,683 shares of the financial services provider’s stock worth $580,000 after acquiring an additional 1,614 shares during the period. Empowered Funds LLC raised its stake in shares of MarketAxess by 8.4% during the first quarter. Empowered Funds LLC now owns 1,716 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 133 shares during the period. Woodline Partners LP lifted its position in shares of MarketAxess by 40.7% during the first quarter. Woodline Partners LP now owns 3,185 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 921 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of MarketAxess by 200.0% during the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of MarketAxess in the second quarter valued at $406,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Performance

MarketAxess stock opened at $116.53 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.17 and a quick ratio of 2.17. MarketAxess Holdings Inc. has a 12 month low of $108.75 and a 12 month high of $222.40. The company has a fifty day moving average price of $132.32 and a two-hundred day moving average price of $160.36. The company has a market cap of $4.14 billion, a PE ratio of 13.77, a P/E/G ratio of 3.71 and a beta of 0.88.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.10. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The company had revenue of $233.38 million for the quarter, compared to analysts’ expectations of $231.91 million. During the same period in the prior year, the company earned $1.87 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Research analysts expect that MarketAxess Holdings Inc. will post 8 earnings per share for the current year.

MarketAxess Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were paid a dividend of $0.78 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.12 annualized dividend and a yield of 2.7%. MarketAxess’s dividend payout ratio is 36.88%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Argus lowered shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. UBS Group lowered their target price on MarketAxess from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, May 11th. The Goldman Sachs Group dropped their target price on MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $134.00 price target (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th. Finally, Keefe, Bruyette & Woods initiated coverage on MarketAxess in a report on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price target for the company. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $178.27.

MarketAxess Company Profile

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.