MarketAxess Holdings Inc. (MKTX) To Go Ex-Dividend on May 21st

MarketAxess Holdings Inc. (NASDAQ:MKTXGet Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Wednesday, May 22nd will be paid a dividend of 0.74 per share by the financial services provider on Wednesday, June 5th. This represents a $2.96 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, May 21st.

MarketAxess has increased its dividend payment by an average of 6.3% per year over the last three years and has increased its dividend every year for the last 16 years. MarketAxess has a dividend payout ratio of 37.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect MarketAxess to earn $8.04 per share next year, which means the company should continue to be able to cover its $2.96 annual dividend with an expected future payout ratio of 36.8%.

MarketAxess Price Performance

NASDAQ MKTX opened at $214.71 on Friday. MarketAxess has a 1 year low of $198.01 and a 1 year high of $297.97. The stock has a market capitalization of $8.14 billion, a PE ratio of 31.53, a PEG ratio of 4.55 and a beta of 0.98. The business’s 50-day moving average is $212.63 and its 200 day moving average is $234.29.

MarketAxess (NASDAQ:MKTXGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.07. The firm had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.99 million. MarketAxess had a return on equity of 20.82% and a net margin of 33.83%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. As a group, equities research analysts anticipate that MarketAxess will post 7.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MKTX shares. Barclays reduced their price objective on shares of MarketAxess from $236.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th. Rosenblatt Securities decreased their price target on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research note on Thursday, February 1st. Bank of America assumed coverage on MarketAxess in a research report on Wednesday, April 10th. They set an “underperform” rating and a $199.00 price objective on the stock. Morgan Stanley increased their target price on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Piper Sandler dropped their price target on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $249.73.

View Our Latest Stock Report on MKTX

About MarketAxess

(Get 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.

See Also

Dividend History for MarketAxess (NASDAQ:MKTX)

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