Jefferies Financial Group Inc. lessened its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 87.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,758 shares of the financial services provider’s stock after selling 33,335 shares during the period. Jefferies Financial Group Inc.’s holdings in MarketAxess were worth $862,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in MarketAxess by 339.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,826 shares of the financial services provider’s stock valued at $512,000 after acquiring an additional 2,183 shares during the last quarter. Legato Capital Management LLC bought a new position in MarketAxess in the fourth quarter valued at about $937,000. Evoke Wealth LLC bought a new position in MarketAxess in the fourth quarter valued at about $425,000. Fi3 FINANCIAL ADVISORS LLC bought a new position in MarketAxess in the fourth quarter valued at about $291,000. Finally, IFP Advisors Inc grew its position in MarketAxess by 807.7% in the fourth quarter. IFP Advisors Inc now owns 4,266 shares of the financial services provider’s stock valued at $773,000 after acquiring an additional 3,796 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Keefe, Bruyette & Woods assumed coverage on MarketAxess in a research note on Wednesday, April 8th. They set an “outperform” rating and a $195.00 price target on the stock. Wall Street Zen raised MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group cut their price target on MarketAxess from $225.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Barclays cut their price target on MarketAxess from $189.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Finally, Weiss Ratings lowered MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $190.88.
MarketAxess Price Performance
Shares of MKTX opened at $130.04 on Friday. MarketAxess Holdings Inc. has a 52-week low of $129.55 and a 52-week high of $228.16. 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 business’s 50 day moving average price is $157.37 and its two-hundred day moving average price is $168.81. The firm has a market cap of $4.62 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 2.96 and a beta of 0.92.
MarketAxess (NASDAQ:MKTX – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.10. The firm had revenue of $233.38 million for the quarter, compared to analyst estimates of $231.91 million. MarketAxess had a return on equity of 22.28% and a net margin of 35.53%.The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.87 earnings per share. On average, equities analysts anticipate that MarketAxess Holdings Inc. will post 8.04 EPS for the current year.
MarketAxess Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.78 per share. The ex-dividend date is Wednesday, May 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.4%. MarketAxess’s payout ratio is currently 36.88%.
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.
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