IFP Advisors Inc Has $85,000 Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

IFP Advisors Inc trimmed its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 95.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 373 shares of the financial services provider’s stock after selling 8,769 shares during the period. IFP Advisors Inc’s holdings in MarketAxess were worth $85,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Van ECK Associates Corp boosted its stake in shares of MarketAxess by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider’s stock worth $452,246,000 after buying an additional 236,497 shares during the last quarter. FMR LLC boosted its stake in shares of MarketAxess by 17.5% during the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after buying an additional 291,134 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of MarketAxess by 0.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock worth $343,032,000 after buying an additional 8,042 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of MarketAxess by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after buying an additional 139,949 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new stake in MarketAxess in the 4th quarter valued at about $71,103,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

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. Insiders own 2.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group cut their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Keefe, Bruyette & Woods cut their target price on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a research note on Monday, November 11th. The Goldman Sachs Group cut their target price on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Barclays cut their target price on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $254.78.

MarketAxess Stock Down 1.0 %

MarketAxess stock opened at $195.85 on Thursday. The stock has a market cap of $7.38 billion, a P/E ratio of 26.94, a P/E/G ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The company’s 50-day moving average price is $211.19 and its two-hundred day moving average price is $242.84.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Equities analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.55%. MarketAxess’s dividend payout ratio (DPR) is currently 41.82%.

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.