Barclays PLC Boosts Stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Barclays PLC boosted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,838 shares of the financial services provider’s stock after acquiring an additional 4,762 shares during the quarter. Barclays PLC owned about 0.23% of MarketAxess worth $36,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in MarketAxess by 65.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,588,728 shares of the financial services provider’s stock worth $1,663,698,000 after acquiring an additional 1,413,190 shares during the last quarter. BlackRock Inc. increased its stake in MarketAxess by 2.3% during the second quarter. BlackRock Inc. now owns 3,544,901 shares of the financial services provider’s stock worth $1,643,382,000 after acquiring an additional 78,312 shares during the last quarter. State Street Corp increased its stake in MarketAxess by 1.3% during the second quarter. State Street Corp now owns 1,786,589 shares of the financial services provider’s stock worth $828,245,000 after acquiring an additional 22,147 shares during the last quarter. Wells Fargo & Company MN increased its stake in MarketAxess by 11.0% during the second quarter. Wells Fargo & Company MN now owns 1,300,630 shares of the financial services provider’s stock worth $602,960,000 after acquiring an additional 128,893 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in MarketAxess by 5.7% during the second quarter. Royal Bank of Canada now owns 1,024,315 shares of the financial services provider’s stock worth $474,861,000 after acquiring an additional 54,832 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors.

In other news, insider Nicholas Themelis sold 2,000 shares of MarketAxess stock in a transaction that occurred on Tuesday, December 7th. The shares were sold at an average price of $370.08, for a total transaction of $740,160.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin M. Mcpherson sold 936 shares of MarketAxess stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $391.72, for a total transaction of $366,649.92. The disclosure for this sale can be found here. 2.19% of the stock is owned by company insiders.

A number of research analysts have recently commented on MKTX shares. Deutsche Bank Aktiengesellschaft cut their target price on MarketAxess from $386.00 to $369.00 in a research note on Thursday. Rosenblatt Securities cut their target price on MarketAxess from $505.00 to $499.00 and set a “buy” rating on the stock in a research note on Thursday, January 6th. TheStreet cut MarketAxess from a “b-” rating to a “c+” rating in a research note on Monday, November 29th. Raymond James cut their target price on MarketAxess from $476.00 to $471.00 and set an “outperform” rating on the stock in a research note on Thursday, January 6th. Finally, Zacks Investment Research raised MarketAxess from a “strong sell” rating to a “hold” rating and set a $380.00 target price on the stock in a research note on Tuesday, December 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $436.67.

Shares of NASDAQ:MKTX opened at $371.54 on Friday. MarketAxess Holdings Inc. has a 52-week low of $341.50 and a 52-week high of $589.25. The stock has a market cap of $14.13 billion, a P/E ratio of 50.83 and a beta of 0.41. The business’s 50 day moving average is $384.28 and its 200 day moving average is $423.95.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Tuesday, October 19th. The financial services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.46 by $0.06. MarketAxess had a return on equity of 27.72% and a net margin of 39.51%. The firm had revenue of $162.10 million during the quarter, compared to analyst estimates of $161.36 million. During the same quarter in the prior year, the business posted $1.78 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 6.91 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 17th. Stockholders of record on Wednesday, November 3rd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, November 2nd. MarketAxess’s dividend payout ratio (DPR) is presently 36.11%.

MarketAxess Company Profile

MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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