Wick Capital Partners LLC acquired a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,321 shares of the financial services provider’s stock, valued at approximately $783,000.
Other large investors have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new stake in MarketAxess during the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. grew its stake in shares of MarketAxess by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 80 shares in the last quarter. Activest Wealth Management bought a new position in shares of MarketAxess in the fourth quarter worth $28,000. Stance Capital LLC acquired a new position in shares of MarketAxess during the third quarter valued at $42,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of MarketAxess by 111.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 311 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 164 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Stock Up 0.4%
MKTX opened at $120.33 on Friday. MarketAxess Holdings Inc. has a one year low of $113.29 and a one year high of $225.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.17 and a current ratio of 2.17. The stock’s fifty day moving average is $143.62 and its 200-day moving average is $164.16. The company has a market capitalization of $4.28 billion, a PE ratio of 14.22, a P/E/G ratio of 3.88 and a beta of 0.86.
MarketAxess Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a $0.78 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $3.12 annualized dividend and a yield of 2.6%. MarketAxess’s payout ratio is 36.88%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on MKTX shares. Weiss Ratings cut shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Bank of America raised shares of MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 target price on the stock in a research note on Friday, June 12th. UBS Group dropped their price target on shares of MarketAxess from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Barclays reduced their price target on shares of MarketAxess from $189.00 to $170.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of MarketAxess in a report on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $183.10.
Read Our Latest Research Report on MKTX
MarketAxess Company Profile
MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.
In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.
Featured Stories
- Five stocks we like better than MarketAxess
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report).
Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.
