MarketAxess Holdings Inc. (NASDAQ:MKTX) declared a quarterly dividend on Wednesday, October 28th, Wall Street Journal reports. Stockholders of record on Wednesday, November 11th will be given a dividend of 0.60 per share by the financial services provider on Wednesday, November 25th. This represents a $2.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, November 9th.
MarketAxess has raised its dividend payment by 96.2% over the last three years.
NASDAQ:MKTX opened at $557.02 on Thursday. The company has a market cap of $21.15 billion, a PE ratio of 80.73 and a beta of 0.52. The company has a 50 day simple moving average of $495.91 and a two-hundred day simple moving average of $490.68. MarketAxess has a 12 month low of $275.49 and a 12 month high of $575.60.
MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.04. The company had revenue of $164.00 million during the quarter, compared to analyst estimates of $138.13 million. MarketAxess had a return on equity of 33.75% and a net margin of 42.74%. MarketAxess’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. As a group, equities analysts predict that MarketAxess will post 7.57 earnings per share for the current year.
In related news, Director Stephen P. Casper sold 500 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $500.00, for a total transaction of $250,000.00. Following the completion of the sale, the director now owns 11,350 shares in the company, valued at $5,675,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard M. Mcvey sold 32,017 shares of MarketAxess stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $450.85, for a total value of $14,434,864.45. Following the sale, the chief executive officer now directly owns 973,085 shares in the company, valued at approximately $438,715,372.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,017 shares of company stock worth $29,924,704. 3.05% of the stock is owned by corporate insiders.
Several research firms have recently commented on MKTX. Rosenblatt Securities upped their price target on shares of MarketAxess from $523.00 to $561.00 and gave the company a “neutral” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of MarketAxess from $517.00 to $562.00 and gave the company a “hold” rating in a report on Wednesday. Loop Capital lifted their price target on shares of MarketAxess from $551.00 to $621.00 in a research note on Wednesday. Zacks Investment Research lowered MarketAxess from a “buy” rating to a “hold” rating and set a $474.00 price objective for the company. in a research note on Wednesday, September 9th. Finally, BidaskClub upgraded MarketAxess from a “buy” rating to a “strong-buy” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $475.67.
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 firms the access to global liquidity in U.S.
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