4,200 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Bought by Westpac Banking Corp

Westpac Banking Corp bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,200 shares of the financial services provider’s stock, valued at approximately $1,230,000.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its holdings in MarketAxess by 347.6% during the 4th quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Gladius Capital Management LP increased its stake in shares of MarketAxess by 39.6% during the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of MarketAxess by 47.3% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 43 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of MarketAxess in the fourth quarter valued at $47,000. Finally, CVA Family Office LLC acquired a new position in MarketAxess in the 4th quarter valued at about $50,000. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Price Performance

MKTX stock traded up $10.37 during midday trading on Wednesday, reaching $214.79. 380,197 shares of the company’s stock traded hands, compared to its average volume of 420,477. MarketAxess Holdings Inc. has a fifty-two week low of $198.01 and a fifty-two week high of $297.97. The business has a 50-day moving average price of $212.31 and a two-hundred day moving average price of $234.39. The company has a market capitalization of $8.14 billion, a P/E ratio of 30.02, a PEG ratio of 4.36 and a beta of 0.98.

MarketAxess (NASDAQ:MKTXGet Free Report) last posted its earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.07. MarketAxess had a net margin of 33.83% and a return on equity of 20.82%. The business had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.99 million. During the same quarter in the previous year, the business posted $1.96 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts forecast that MarketAxess Holdings Inc. will post 7.18 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.74 per share. The ex-dividend date is Tuesday, May 21st. This represents a $2.96 annualized dividend and a dividend yield of 1.38%. MarketAxess’s payout ratio is currently 43.47%.

Wall Street Analyst Weigh In

MKTX has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of MarketAxess from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. The Goldman Sachs Group reduced their price target on MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Keefe, Bruyette & Woods lowered their price objective on MarketAxess from $235.00 to $230.00 and set a “market perform” rating for the company in a research report on Wednesday, May 8th. William Blair reiterated an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. Finally, Bank of America began coverage on MarketAxess in a report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $249.73.

Get Our Latest Research Report on MarketAxess

Insider Activity at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now owns 70,092 shares in the company, valued at approximately $15,508,555.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.66% of the company’s stock.

About MarketAxess

(Free Report)

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.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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