MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by Keybank National Association OH

Keybank National Association OH increased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,149 shares of the financial services provider’s stock after purchasing an additional 1,256 shares during the period. Keybank National Association OH’s holdings in MarketAxess were worth $1,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in MarketAxess by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider’s stock worth $82,103,000 after acquiring an additional 5,153 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in MarketAxess by 13,900.0% during the fourth 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 period. Asahi Life Asset Management CO. LTD. purchased a new stake in MarketAxess during the fourth quarter valued at about $292,000. Norden Group LLC acquired a new stake in MarketAxess during the 4th quarter worth approximately $539,000. Finally, Smartleaf Asset Management LLC lifted its position in MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Trading Up 5.3 %

Shares of NASDAQ:MKTX opened at $206.15 on Friday. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The firm has a market cap of $7.77 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The company has a fifty day simple moving average of $210.52 and a 200 day simple moving average of $242.51.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a $0.76 dividend. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 annualized dividend and a dividend yield of 1.47%. MarketAxess’s dividend payout ratio (DPR) is presently 41.82%.

Insider Activity

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the transaction, the general counsel now owns 8,302 shares of the company’s stock, valued at $1,997,212.14. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.66% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MKTX. Piper Sandler reduced their target price on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group decreased their target price on MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. UBS Group dropped their target price on MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Keefe, Bruyette & Woods decreased their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and a consensus price target of $254.78.

MarketAxess 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.