Rep. Julie Johnson Sells Off Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Representative Julie Johnson (D-Texas) recently sold shares of MarketAxess Holdings Inc. (NASDAQ:MKTX). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in MarketAxess stock on February 12th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Bank of New York Mellon (NYSE:BK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of The PNC Financial Services Group (NYSE:PNC) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/14/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/14/2025.

MarketAxess Price Performance

MarketAxess stock opened at $212.01 on Friday. The firm’s 50 day simple moving average is $208.68 and its 200-day simple moving average is $241.63. The company has a market cap of $7.99 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping 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%. On average, analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a $0.76 dividend. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess’s dividend payout ratio (DPR) is 41.82%.

Institutional Trading of MarketAxess

Large investors have recently modified their holdings of the company. First Hawaiian Bank bought a new stake in shares of MarketAxess during the 4th quarter worth $1,088,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of MarketAxess during the 3rd quarter worth $1,966,000. Keybank National Association OH boosted its holdings in shares of MarketAxess by 18.2% during the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider’s stock worth $1,842,000 after buying an additional 1,256 shares during the period. Mediolanum International Funds Ltd bought a new stake in MarketAxess in the 4th quarter valued at $982,000. Finally, Norden Group LLC bought a new stake in MarketAxess in the 4th quarter valued at $539,000. 99.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on MKTX shares. UBS Group lowered their price objective on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a research 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 for the company in a research note on Friday, February 7th. Piper Sandler reduced their target price on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group reduced 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 reduced 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $254.78.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.