Jones Financial Companies Lllp Sells 105 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Jones Financial Companies Lllp decreased its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,069 shares of the financial services provider’s stock after selling 105 shares during the period. Jones Financial Companies Lllp’s holdings in MarketAxess were worth $242,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of MKTX. Accent Capital Management LLC bought a new stake in MarketAxess during the 3rd quarter valued at $25,000. Global X Japan Co. Ltd. increased its stake in MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 104 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 139 shares during the period. Finally, Park Place Capital Corp purchased a new position in shares of MarketAxess in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. UBS Group lowered their price target on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Barclays reduced their price target 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. Piper Sandler cut their price objective on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group lowered 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, Keefe, Bruyette & Woods lowered their price objective 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MarketAxess currently has an average rating of “Hold” and a consensus price target of $254.78.

MarketAxess Stock Down 1.4 %

MKTX opened at $206.95 on Thursday. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The firm’s 50-day moving average price is $209.06 and its 200-day moving average price is $241.88. The company has a market cap of $7.80 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping the consensus estimate 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were issued a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a yield of 1.47%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s dividend payout ratio (DPR) is presently 41.82%.

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.