MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,516 shares of the financial services provider’s stock after selling 133 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MarketAxess were worth $1,021,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. bought a new position in shares of MarketAxess in the fourth quarter valued at approximately $71,103,000. FMR LLC lifted its holdings 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 valued at $501,907,000 after buying an additional 291,134 shares during the last quarter. Van ECK Associates Corp boosted its holdings in MarketAxess by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider’s stock worth $452,246,000 after purchasing an additional 236,497 shares in the last quarter. Castle Hook Partners LP acquired a new position in MarketAxess during the third quarter valued at approximately $42,967,000. Finally, Geode Capital Management LLC lifted its position 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 purchasing an additional 139,949 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on MKTX. Piper Sandler reduced their target price on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their target price on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods decreased their target price on MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Barclays reduced their target price on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lowered their target price on MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $254.78.

MarketAxess Stock Up 1.4 %

Shares of NASDAQ MKTX opened at $208.94 on Monday. MarketAxess Holdings Inc. has a twelve month low of $186.84 and a twelve month high of $296.68. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 3.89 and a beta of 1.05. The company’s fifty day moving average is $209.63 and its 200-day moving average is $242.22.

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

MarketAxess Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, February 19th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s payout ratio 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.