Capital Advisors Ltd. LLC Acquires 243 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Capital Advisors Ltd. LLC raised its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) by 104.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 475 shares of the financial services provider’s stock after acquiring an additional 243 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in MarketAxess were worth $162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MKTX. Ieq Capital LLC increased its holdings in MarketAxess by 15.3% in the 1st quarter. Ieq Capital LLC now owns 669 shares of the financial services provider’s stock worth $228,000 after buying an additional 89 shares in the last quarter. CWM LLC boosted its holdings in shares of MarketAxess by 44.4% during the 1st quarter. CWM LLC now owns 397 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 122 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of MarketAxess by 16.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,662 shares of the financial services provider’s stock worth $7,009,000 after acquiring an additional 2,449 shares during the period. Sierra Capital LLC purchased a new position in shares of MarketAxess during the fourth quarter valued at approximately $111,000. Finally, Lakehouse Capital Pty Ltd lifted its position in MarketAxess by 8.1% during the fourth quarter. Lakehouse Capital Pty Ltd now owns 32,326 shares of the financial services provider’s stock valued at $13,295,000 after purchasing an additional 2,429 shares during the period. Institutional investors own 96.50% of the company’s stock.

Analyst Upgrades and Downgrades

MKTX has been the subject of several research analyst reports. Piper Sandler cut their price objective on MarketAxess from $300.00 to $285.00 and set a “neutral” rating for the company in a report on Friday, July 1st. Morgan Stanley reduced their price target on shares of MarketAxess from $338.00 to $325.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th. Atlantic Securities lowered their price objective on shares of MarketAxess from $340.00 to $306.00 and set a “neutral” rating on the stock in a research note on Friday, June 10th. Rosenblatt Securities boosted their target price on shares of MarketAxess from $383.00 to $395.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Finally, Compass Point upgraded shares of MarketAxess from a “sell” rating to a “neutral” rating and set a $275.00 price target on the stock in a research report on Thursday, April 21st. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MarketAxess has an average rating of “Hold” and an average target price of $327.56.

MarketAxess Price Performance

MKTX opened at $264.23 on Friday. The firm has a market cap of $9.95 billion, a P/E ratio of 41.42 and a beta of 0.59. MarketAxess Holdings Inc. has a 1-year low of $249.01 and a 1-year high of $492.42. The company has a 50 day simple moving average of $268.76 and a two-hundred day simple moving average of $303.50.

MarketAxess (NASDAQ:MKTXGet Rating) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The company had revenue of $182.20 million during the quarter, compared to the consensus estimate of $185.24 million. MarketAxess had a net margin of 34.77% and a return on equity of 23.55%. MarketAxess’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 EPS. Equities analysts anticipate that MarketAxess Holdings Inc. will post 6.75 earnings per share for the current year.

MarketAxess Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Investors of record on Wednesday, August 3rd will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, August 2nd. MarketAxess’s dividend payout ratio is currently 43.89%.

Insider Activity at MarketAxess

In other MarketAxess news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $285.03, for a total value of $495,952.20. Following the completion of the transaction, the insider now directly owns 5,318 shares in the company, valued at approximately $1,515,789.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is owned by corporate insiders.

MarketAxess Profile

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MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities.

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Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating).

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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