MarketAxess Holdings Inc. (NASDAQ:MKTX) Position Lessened by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 79.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,502 shares of the financial services provider’s stock after selling 56,372 shares during the quarter. Los Angeles Capital Management LLC’s holdings in MarketAxess were worth $3,180,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of MarketAxess by 347.6% during the fourth quarter. Allworth Financial LP now owns 94 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 73 shares during the last quarter. Parallel Advisors LLC boosted its stake in MarketAxess by 155.8% during the 4th quarter. Parallel Advisors LLC now owns 110 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 67 shares during the period. Gladius Capital Management LP grew its position in MarketAxess by 39.6% in the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 38 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of MarketAxess by 47.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 43 shares during the period. Finally, Principal Securities Inc. bought a new stake in shares of MarketAxess during the fourth quarter valued at approximately $47,000. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Trading Up 1.8 %

NASDAQ:MKTX opened at $199.09 on Friday. The company has a 50-day moving average of $204.70 and a 200-day moving average of $230.21. MarketAxess Holdings Inc. has a twelve month low of $192.54 and a twelve month high of $297.97. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 4.90 and a beta of 1.04.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.07. MarketAxess had a net margin of 33.83% and a return on equity of 20.82%. The firm had revenue of $210.30 million for the quarter, compared to analyst estimates of $212.99 million. During the same quarter in the previous year, the business posted $1.96 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that MarketAxess Holdings Inc. will post 7.17 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Tuesday, May 21st. MarketAxess’s dividend payout ratio is 43.47%.

Insider Activity at MarketAxess

In other MarketAxess news, Director Stephen P. Casper sold 500 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $199.48, for a total transaction of $99,740.00. Following the sale, the director now owns 10,201 shares in the company, valued at approximately $2,034,895.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MKTX shares. Barclays decreased their price objective on MarketAxess from $236.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, May 8th. Piper Sandler lowered their price target on MarketAxess from $250.00 to $237.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Keefe, Bruyette & Woods cut their price objective on shares of MarketAxess from $235.00 to $230.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 8th. UBS Group decreased their target price on shares of MarketAxess from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Bank of America assumed coverage on shares of MarketAxess in a research report on Wednesday, April 10th. They set an “underperform” rating and a $199.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $249.73.

MarketAxess Profile

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.