Metis Global Partners LLC Invests $200,000 in MarketAxess Holdings Inc. $MKTX

Metis Global Partners LLC purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 896 shares of the financial services provider’s stock, valued at approximately $200,000.

A number of other hedge funds have also bought and sold shares of MKTX. M&T Bank Corp boosted its holdings in MarketAxess by 20.7% in the 1st quarter. M&T Bank Corp now owns 1,756 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 301 shares during the period. Cerity Partners LLC increased its holdings in shares of MarketAxess by 11.1% during the first quarter. Cerity Partners LLC now owns 8,830 shares of the financial services provider’s stock worth $1,910,000 after purchasing an additional 882 shares during the period. CWM LLC raised its position in shares of MarketAxess by 35.9% in the first quarter. CWM LLC now owns 4,320 shares of the financial services provider’s stock valued at $935,000 after buying an additional 1,141 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of MarketAxess in the first quarter valued at approximately $3,171,000. Finally, Signaturefd LLC boosted its stake in shares of MarketAxess by 173.0% in the first quarter. Signaturefd LLC now owns 333 shares of the financial services provider’s stock valued at $72,000 after buying an additional 211 shares during the period. 99.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other MarketAxess news, CRO Kevin M. Mcpherson sold 1,494 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $185.32, for a total value of $276,868.08. Following the sale, the executive owned 67,681 shares in the company, valued at $12,542,642.92. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen P. Casper sold 1,600 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $186.59, for a total transaction of $298,544.00. Following the transaction, the director owned 43,208 shares of the company’s stock, valued at $8,062,180.72. This trade represents a 3.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.65% of the company’s stock.

MarketAxess Stock Up 2.5%

NASDAQ:MKTX opened at $174.00 on Friday. MarketAxess Holdings Inc. has a twelve month low of $156.17 and a twelve month high of $269.01. The stock’s 50-day simple moving average is $173.33 and its 200 day simple moving average is $197.84. The firm has a market capitalization of $6.47 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 6.44 and a beta of 0.94.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Friday, November 7th. The financial services provider reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. MarketAxess had a net margin of 26.62% and a return on equity of 20.41%. The firm had revenue of $208.82 million during the quarter, compared to analysts’ expectations of $212.59 million. During the same quarter in the prior year, the business earned $1.90 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $3.04 annualized dividend and a yield of 1.7%. MarketAxess’s dividend payout ratio is presently 51.70%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings lowered MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Barclays raised their price target on MarketAxess from $186.00 to $188.00 and gave the stock an “equal weight” rating in a research report on Monday. Loop Capital set a $164.00 price objective on shares of MarketAxess in a research report on Tuesday, October 14th. Morgan Stanley reduced their price objective on shares of MarketAxess from $274.00 to $253.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 1st. Finally, Piper Sandler set a $180.00 target price on shares of MarketAxess in a research report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $209.91.

About MarketAxess

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.