MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff Sells 300 Shares of Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 300 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MarketAxess Price Performance

MKTX stock opened at $240.97 on Tuesday. MarketAxess Holdings Inc. has a 1 year low of $192.42 and a 1 year high of $297.97. The firm has a market capitalization of $9.09 billion, a P/E ratio of 32.65, a P/E/G ratio of 10.78 and a beta of 1.00. The business’s 50-day moving average is $272.72 and its two-hundred day moving average is $241.41.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company had revenue of $206.70 million during the quarter, compared to the consensus estimate of $207.17 million. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts expect that MarketAxess Holdings Inc. will post 7.37 EPS for the current year.

MarketAxess Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, November 20th. MarketAxess’s dividend payout ratio (DPR) is presently 40.11%.

Institutional Trading of MarketAxess

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in shares of MarketAxess by 242.7% in the 3rd quarter. Franklin Resources Inc. now owns 8,215 shares of the financial services provider’s stock valued at $2,337,000 after acquiring an additional 5,818 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in MarketAxess by 3.7% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,304 shares of the financial services provider’s stock valued at $2,640,000 after purchasing an additional 369 shares in the last quarter. Virtu Financial LLC purchased a new position in MarketAxess in the third quarter valued at approximately $836,000. Toronto Dominion Bank raised its holdings in MarketAxess by 0.8% during the third quarter. Toronto Dominion Bank now owns 24,737 shares of the financial services provider’s stock worth $6,338,000 after purchasing an additional 193 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of MarketAxess by 4.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 9,645 shares of the financial services provider’s stock worth $2,471,000 after buying an additional 437 shares during the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on MKTX. Deutsche Bank Aktiengesellschaft increased their price target on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Morgan Stanley lifted their price target on shares of MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods upped their price objective on shares of MarketAxess from $270.00 to $276.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. UBS Group increased their price objective on shares of MarketAxess from $330.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Piper Sandler reissued a “neutral” rating and issued a $265.00 target price on shares of MarketAxess in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, MarketAxess currently has a consensus rating of “Hold” and an average target price of $266.70.

About MarketAxess

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.