14,647 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Acquired by TCG Advisory Services LLC

TCG Advisory Services LLC purchased a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,647 shares of the financial services provider’s stock, valued at approximately $4,289,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MKTX. Royal Bank of Canada boosted its position in shares of MarketAxess by 2.0% during the 3rd quarter. Royal Bank of Canada now owns 1,705,958 shares of the financial services provider’s stock valued at $364,462,000 after acquiring an additional 33,288 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of MarketAxess by 8.0% during the 4th quarter. Van ECK Associates Corp now owns 1,367,613 shares of the financial services provider’s stock valued at $400,506,000 after acquiring an additional 101,829 shares during the last quarter. Primecap Management Co. CA boosted its position in shares of MarketAxess by 0.9% during the 3rd quarter. Primecap Management Co. CA now owns 1,118,220 shares of the financial services provider’s stock valued at $238,897,000 after acquiring an additional 10,450 shares during the last quarter. FMR LLC boosted its position in shares of MarketAxess by 385.6% during the 3rd quarter. FMR LLC now owns 545,563 shares of the financial services provider’s stock valued at $116,554,000 after acquiring an additional 433,217 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in shares of MarketAxess by 4.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 540,927 shares of the financial services provider’s stock valued at $115,564,000 after acquiring an additional 23,070 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Trading Down 2.5 %

Shares of MarketAxess stock traded down $5.30 during trading on Friday, hitting $203.82. 505,834 shares of the stock traded hands, compared to its average volume of 367,799. The firm has a market cap of $7.66 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 4.26 and a beta of 0.98. MarketAxess Holdings Inc. has a 52-week low of $199.33 and a 52-week high of $303.85. The stock’s fifty day simple moving average is $213.67 and its 200 day simple moving average is $235.41.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The firm had revenue of $197.20 million for the quarter, compared to analyst estimates of $196.70 million. During the same quarter last year, the firm posted $1.58 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities analysts expect that MarketAxess Holdings Inc. will post 7.28 EPS for the current year.

Wall Street Analyst Weigh In

MKTX has been the subject of a number of research reports. William Blair reiterated an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. Piper Sandler lowered their price target on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Bank of America started coverage on MarketAxess in a research report on Wednesday, April 10th. They issued an “underperform” rating and a $199.00 price target for the company. Rosenblatt Securities lowered their price target on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research report on Thursday, February 1st. Finally, Morgan Stanley raised their price target on MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, MarketAxess currently has a consensus rating of “Hold” and an average target price of $252.80.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of MarketAxess stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now owns 70,092 shares in the company, valued at $15,508,555.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.

MarketAxess Company Profile

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.