MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Free Report) General Counsel Scott Pintoff sold 100 shares of MarketAxess stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $164.80, for a total transaction of $16,480.00. Following the transaction, the general counsel directly owned 11,286 shares of the company’s stock, valued at approximately $1,859,932.80. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Scott Pintoff also recently made the following trade(s):
- On Monday, October 12th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $164.65, for a total value of $16,465.00.
- On Thursday, September 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $163.32, for a total value of $16,332.00.
MarketAxess Stock Performance
Shares of NASDAQ:MKTX traded down $0.59 on Tuesday, reaching $165.08. 353,605 shares of the company’s stock were exchanged, compared to its average volume of 756,575. The company has a fifty day moving average of $164.16 and a 200-day moving average of $155.28. MarketAxess Holdings Inc. has a twelve month low of $108.75 and a twelve month high of $195.96. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.21 and a beta of 0.83. 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 (NASDAQ:MKTX – Get Free Report) last issued its quarterly earnings results on Friday, October 23rd. The financial services provider reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). MarketAxess had a return on equity of 23.15% and a net margin of 33.51%. The company had revenue of $210.41 million during the quarter, compared to the consensus estimate of $218.98 million. During the same quarter in the previous year, the business posted $1.84 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.98 EPS for the current fiscal year.
MarketAxess Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, November 11th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 10th. MarketAxess’s dividend payout ratio (DPR) is currently 38.19%.
Institutional Trading of MarketAxess
A number of hedge funds and other institutional investors have recently modified their holdings of MKTX. Voya Investment Management LLC lifted its stake in shares of MarketAxess by 36.8% in the 3rd quarter. Voya Investment Management LLC now owns 10,657 shares of the financial services provider’s stock valued at $1,747,000 after acquiring an additional 2,865 shares during the last quarter. Global Retirement Partners LLC increased its holdings in MarketAxess by 788.3% in the 3rd quarter. Global Retirement Partners LLC now owns 684 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 607 shares in the last quarter. Rothschild Investment LLC raised its position in MarketAxess by 3.6% in the third quarter. Rothschild Investment LLC now owns 4,297 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 149 shares during the last quarter. Paralel Advisors LLC raised its position in MarketAxess by 1.1% in the third quarter. Paralel Advisors LLC now owns 14,198 shares of the financial services provider’s stock valued at $2,327,000 after purchasing an additional 159 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in MarketAxess in the 3rd quarter valued at approximately $14,940,000. Institutional investors own 99.01% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of MarketAxess from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 29th. Keefe, Bruyette & Woods downgraded shares of MarketAxess from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $150.00 to $167.00 in a research report on Tuesday, August 11th. Morgan Stanley upped their target price on MarketAxess from $129.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Friday, October 9th. Barclays raised their target price on MarketAxess from $132.00 to $167.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Finally, Wall Street Zen lowered MarketAxess from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $159.44.
Read Our Latest Stock Analysis on MarketAxess
MarketAxess Company Profile
MarketAxess Holdings Inc. operates an electronic trading platform for fixed-income securities. Its marketplace connects institutional investors and broker-dealers, enabling them to trade bonds and other debt instruments through electronic tools such as request-for-quote and open trading protocols. The platform supports trading across a range of fixed-income markets, including U.S. and European corporate bonds, U.S. Treasuries, municipal bonds, emerging-market debt and other securities. MarketAxess also provides market data and trading analytics to help clients assess prices and make trading decisions.
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