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

Westpac Banking Corp acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,200 shares of the financial services provider’s stock, valued at approximately $1,230,000.

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

Insiders Place Their Bets

In other 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 of the company’s stock, valued at $15,508,555.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MKTX shares. Piper Sandler lowered their price objective on shares of MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Rosenblatt Securities cut their price objective on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a report on Thursday, February 1st. Morgan Stanley increased their target price on MarketAxess from $278.00 to $279.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Barclays cut their price target on MarketAxess from $236.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, MarketAxess has a consensus rating of “Hold” and a consensus target price of $249.73.

Check Out Our Latest Stock Analysis on MKTX

MarketAxess Stock Performance

Shares of MKTX traded up $10.37 during mid-day trading on Wednesday, reaching $214.79. The stock had a trading volume of 380,197 shares, compared to its average volume of 420,477. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 4.36 and a beta of 0.98. MarketAxess Holdings Inc. has a 12 month low of $198.01 and a 12 month high of $297.97. The business has a fifty day moving average of $212.31 and a 200 day moving average of $234.39.

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

MarketAxess Dividend Announcement

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

MarketAxess Company Profile

(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.

Read More

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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