MarketAxess Holdings Inc. (MKTX) Shares Sold by Federated Investors Inc. PA

Federated Investors Inc. PA cut its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,238 shares of the financial services provider’s stock after selling 368 shares during the period. Federated Investors Inc. PA’s holdings in MarketAxess were worth $2,619,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. TLP Group LLC acquired a new stake in shares of MarketAxess in the first quarter valued at about $204,000. Alps Advisors Inc. acquired a new stake in shares of MarketAxess in the second quarter valued at about $205,000. Gideon Capital Advisors Inc. acquired a new stake in shares of MarketAxess in the first quarter valued at about $211,000. Hartford Investment Management Co. acquired a new stake in shares of MarketAxess in the second quarter valued at about $278,000. Finally, GFS Advisors LLC acquired a new stake in shares of MarketAxess in the second quarter valued at about $361,000. Institutional investors own 99.98% of the company’s stock.

Shares of MKTX opened at $183.45 on Friday. MarketAxess Holdings Inc. has a 12-month low of $171.45 and a 12-month high of $229.84. The stock has a market capitalization of $6.92 billion, a P/E ratio of 47.04, a PEG ratio of 8.41 and a beta of 0.50.



MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.02. MarketAxess had a net margin of 37.33% and a return on equity of 29.49%. The firm had revenue of $106.96 million during the quarter, compared to analyst estimates of $106.41 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. MarketAxess’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts expect that MarketAxess Holdings Inc. will post 4.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Wednesday, August 8th. MarketAxess’s dividend payout ratio is currently 43.08%.

In related news, CEO Richard M. Mcvey sold 10,959 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $189.31, for a total value of $2,074,648.29. Following the completion of the sale, the chief executive officer now owns 1,054,743 shares of the company’s stock, valued at $199,673,397.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $186.70, for a total transaction of $3,734,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,052,331 shares of the company’s stock, valued at approximately $196,470,197.70. The disclosure for this sale can be found here. Insiders sold 66,804 shares of company stock valued at $12,555,086 in the last three months. 3.52% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $210.00 target price on shares of MarketAxess in a research report on Thursday, July 26th. ValuEngine upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Monday, July 16th. Finally, Jefferies Financial Group assumed coverage on shares of MarketAxess in a research report on Wednesday, August 1st. They issued a “hold” rating and a $219.00 target price for the company. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. MarketAxess presently has an average rating of “Hold” and an average price target of $210.88.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.

Further Reading: What is the NASDAQ Stock Market?

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply