MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Consensus Recommendation of “Hold” by Brokerages

MarketAxess Holdings Inc. (NASDAQ:MKTX) has been given an average rating of “Hold” by the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $254.78.

A number of equities research analysts have recently weighed in on the company. Piper Sandler dropped 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. UBS Group dropped their price objective on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a report on Friday, February 7th. The Goldman Sachs Group reduced their target price on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Keefe, Bruyette & Woods dropped their price target 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. Finally, Barclays reduced their price objective on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th.

Institutional Trading of MarketAxess

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC lifted its holdings in MarketAxess by 4.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 52 shares in the last quarter. M&T Bank Corp raised its position in shares of MarketAxess by 4.0% during the third quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 56 shares during the period. State of Wyoming lifted its holdings in shares of MarketAxess by 13.6% during the 4th quarter. State of Wyoming now owns 483 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 58 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of MarketAxess by 3.7% in the 4th quarter. Guggenheim Capital LLC now owns 1,701 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 61 shares during the period. Finally, Versor Investments LP grew its position in shares of MarketAxess by 6.3% in the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 65 shares during the period. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Down 1.0 %

Shares of NASDAQ:MKTX opened at $216.75 on Monday. The firm has a market cap of $8.17 billion, a P/E ratio of 29.81, a P/E/G ratio of 3.89 and a beta of 1.05. MarketAxess has a 12 month low of $186.84 and a 12 month high of $296.68. The company’s 50-day moving average price is $207.57 and its two-hundred day moving average price is $238.95.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS 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%. As a group, equities analysts predict that MarketAxess will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.40%. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. 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.