MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,980 shares of the financial services provider’s stock after selling 2,980 shares during the quarter. Tredje AP fonden’s holdings in MarketAxess were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MKTX. Accent Capital Management LLC bought a new stake in shares of MarketAxess in the 3rd quarter worth about $25,000. Global X Japan Co. Ltd. increased its position in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 70 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 104 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Park Place Capital Corp bought a new stake in shares of MarketAxess in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

Wall Street Analysts Forecast Growth

MKTX has been the subject of several research analyst reports. UBS Group dropped their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Piper Sandler lowered their price objective on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. The Goldman Sachs Group lowered their price objective on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Keefe, Bruyette & Woods lowered their price objective on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, Barclays lowered their price objective on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, MarketAxess has a consensus rating of “Hold” and a consensus price target of $254.78.

MarketAxess Trading Up 0.2 %

Shares of NASDAQ:MKTX opened at $212.38 on Friday. The company has a 50 day moving average of $208.13 and a 200-day moving average of $241.30. The firm has a market cap of $8.01 billion, a P/E ratio of 29.21, a P/E/G ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a $0.76 dividend. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Wednesday, February 19th. MarketAxess’s dividend payout ratio is currently 41.82%.

MarketAxess Company 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.