Stone Ridge Asset Management LLC Has $417,000 Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Stone Ridge Asset Management LLC boosted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,100 shares of the financial services provider’s stock after purchasing an additional 300 shares during the period. Stone Ridge Asset Management LLC’s holdings in MarketAxess were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quest Capital Management Inc. ADV bought a new position in MarketAxess during the third quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in MarketAxess during the third quarter valued at about $29,000. Squar Milner Financial Services LLC raised its holdings in MarketAxess by 1,250.0% during the third quarter. Squar Milner Financial Services LLC now owns 108 shares of the financial services provider’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. CNB Bank bought a new position in MarketAxess during the fourth quarter valued at about $35,000. Finally, Aigen Investment Management LP bought a new position in MarketAxess during the fourth quarter valued at about $48,000. 95.33% of the stock is owned by hedge funds and other institutional investors.

Shares of MarketAxess stock traded up $7.54 during trading on Monday, reaching $345.69. The company’s stock had a trading volume of 288,569 shares, compared to its average volume of 260,006. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.47 and a current ratio of 6.83. The business’s fifty day moving average price is $362.25 and its 200-day moving average price is $364.28. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 64.02 and a beta of 0.20. MarketAxess Holdings Inc. has a one year low of $222.31 and a one year high of $421.45.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The business had revenue of $129.80 million for the quarter, compared to analyst estimates of $127.67 million. MarketAxess had a return on equity of 29.72% and a net margin of 40.07%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 5.97 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.51. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.69%. MarketAxess’s payout ratio is presently 44.44%.

MKTX has been the topic of several recent research reports. Deutsche Bank cut their target price on MarketAxess from $406.00 to $372.00 and set a “hold” rating on the stock in a report on Thursday, January 30th. Barclays cut their target price on MarketAxess from $375.00 to $372.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Credit Suisse Group initiated coverage on MarketAxess in a report on Monday, December 16th. They set a “neutral” rating on the stock. BidaskClub lowered MarketAxess from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, Rosenblatt Securities restated a “hold” rating and set a $343.00 target price on shares of MarketAxess in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $322.67.

MarketAxess 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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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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