M&T Bank Corp trimmed its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,450 shares of the financial services provider’s stock after selling 35 shares during the period. M&T Bank Corp’s holdings in MarketAxess Holdings were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Cutler Group LP acquired a new stake in shares of MarketAxess Holdings during the second quarter worth $110,000. First Personal Financial Services lifted its stake in shares of MarketAxess Holdings by 2.6% during the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock worth $127,000 after buying an additional 16 shares during the period. Traynor Capital Management Inc. acquired a new stake in shares of MarketAxess Holdings during the second quarter worth $203,000. Puzo Michael J acquired a new stake in shares of MarketAxess Holdings during the first quarter worth $212,000. Finally, Gardiner Nancy B acquired a new stake in shares of MarketAxess Holdings during the first quarter worth $224,000. Institutional investors own 91.20% of the company’s stock.
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Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at 190.17 on Friday. MarketAxess Holdings, Inc. has a 1-year low of $145.10 and a 1-year high of $211.06. The firm has a market capitalization of $7.14 billion, a P/E ratio of 50.02 and a beta of 0.71. The stock’s 50 day moving average is $184.16 and its 200 day moving average is $190.97.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. The firm had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. MarketAxess Holdings’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. Equities analysts predict that MarketAxess Holdings, Inc. will post $4.02 earnings per share for the current year.
In related news, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the completion of the sale, the chief executive officer now owns 1,108,142 shares in the company, valued at approximately $220,110,245.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.02% of the stock is owned by corporate insiders.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. BidaskClub downgraded shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $205.00 price objective on shares of MarketAxess Holdings in a research note on Thursday, July 6th. Finally, Raymond James Financial, Inc. lifted their price objective on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $192.40.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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