MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Average Rating of “Hold” by Analysts

MarketAxess Holdings Inc. (NASDAQ:MKTX) has received a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $264.60.

Several brokerages have recently issued reports on MKTX. Citigroup raised their target price on shares of MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Deutsche Bank Aktiengesellschaft raised their price target on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group boosted their price objective on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price target on shares of MarketAxess in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price objective on MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a report on Monday, September 30th.

MarketAxess Trading Up 0.7 %

NASDAQ MKTX opened at $230.15 on Friday. The company has a 50 day moving average of $266.04 and a 200-day moving average of $242.69. MarketAxess has a 1-year low of $192.42 and a 1-year high of $297.97. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 10.54 and a beta of 1.00.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. The company had revenue of $206.70 million during the quarter, compared to the consensus estimate of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company’s revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.46 earnings per share. On average, analysts forecast that MarketAxess will post 7.38 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.96 dividend on an annualized basis and a yield of 1.29%. MarketAxess’s dividend payout ratio (DPR) is currently 40.11%.

Insider Transactions at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the transaction, the general counsel now directly owns 8,302 shares of the company’s stock, valued at approximately $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total value of $5,435,000.00. Following the completion of the transaction, the chairman now owns 592,029 shares in the company, valued at $160,883,880.75. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,300 shares of company stock worth $8,183,871. Company insiders own 2.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Accent Capital Management LLC acquired a new stake in shares of MarketAxess during the 3rd quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of MarketAxess during the 2nd quarter valued at about $27,000. Blue Trust Inc. grew its position in shares of MarketAxess by 405.1% during the 2nd quarter. Blue Trust Inc. now owns 197 shares of the financial services provider’s stock worth $43,000 after buying an additional 158 shares during the period. Exchange Traded Concepts LLC acquired a new stake in MarketAxess in the third quarter worth $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of MarketAxess by 555.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock valued at $60,000 after buying an additional 200 shares during the period. Institutional investors own 99.01% of the company’s stock.

MarketAxess Company 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.