MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Free Report) General Counsel Scott Pintoff sold 100 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $163.32, for a total value of $16,332.00. Following the completion of the sale, the general counsel owned 11,486 shares in the company, valued at approximately $1,875,893.52. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Scott Pintoff also recently made the following trade(s):
- On Monday, August 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $162.60, for a total transaction of $16,260.00.
- On Friday, July 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $115.12, for a total transaction of $11,512.00.
MarketAxess Stock Performance
NASDAQ MKTX opened at $163.00 on Friday. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.08 and a beta of 0.83. The stock has a 50-day moving average of $145.93 and a 200 day moving average of $149.79. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. MarketAxess Holdings Inc. has a twelve month low of $108.75 and a twelve month high of $195.96.
MarketAxess Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. MarketAxess’s dividend payout ratio (DPR) is currently 36.79%.
Institutional Investors Weigh In On MarketAxess
A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in MarketAxess by 10,925.6% in the 2nd quarter. California State Teachers Retirement System now owns 4,816,856 shares of the financial services provider’s stock valued at $546,665,000 after acquiring an additional 4,773,168 shares during the last quarter. BlackRock Inc. acquired a new position in shares of MarketAxess during the 2nd quarter worth approximately $453,941,000. Primecap Management Co. CA purchased a new stake in shares of MarketAxess in the second quarter valued at approximately $397,772,000. AQR Capital Management LLC grew its position in shares of MarketAxess by 169.0% in the fourth quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider’s stock valued at $463,655,000 after purchasing an additional 1,607,009 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of MarketAxess by 5,086.4% in the fourth quarter. Bank of Montreal Can now owns 951,024 shares of the financial services provider’s stock valued at $172,373,000 after purchasing an additional 932,687 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MKTX has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of MarketAxess from $132.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. Wall Street Zen cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Bank of America upgraded shares of MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 price target for the company in a research report on Friday, June 12th. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $134.00 price objective (down from $189.00) on shares of MarketAxess in a report on Thursday, June 11th. Finally, Benchmark reiterated a “buy” rating on shares of MarketAxess in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $156.10.
View Our Latest Stock Analysis on MKTX
About MarketAxess
MarketAxess Holdings Inc operates an electronic trading platform for institutional fixed-income markets. Through its technology, investors and dealers can trade corporate bonds, government securities, emerging-market debt and other credit products in an electronic environment designed to improve access, execution and transparency.
The company’s offerings include its Open Trading marketplace, which connects a broad network of institutional participants, as well as a range of trading protocols that support different liquidity and execution needs.
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