UBS Asset Management Americas Inc. lessened its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,049 shares of the financial services provider’s stock after selling 924 shares during the period. UBS Asset Management Americas Inc. owned about 0.55% of MarketAxess worth $46,289,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Formidable Asset Management LLC grew its holdings in shares of MarketAxess by 2.4% in the 3rd quarter. Formidable Asset Management LLC now owns 1,732 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 41 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of MarketAxess by 1.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,941 shares of the financial services provider’s stock valued at $877,000 after acquiring an additional 43 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of MarketAxess by 3.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,497 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 50 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of MarketAxess by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 4,984 shares of the financial services provider’s stock valued at $1,276,000 after acquiring an additional 52 shares in the last quarter. Finally, AIA Group Ltd grew its holdings in shares of MarketAxess by 0.6% in the 3rd quarter. AIA Group Ltd now owns 9,472 shares of the financial services provider’s stock valued at $2,107,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 96.78% of the company’s stock.
Insider Activity
In other news, Director Steven L. Begleiter sold 1,000 shares of MarketAxess stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $348.73, for a total value of $348,730.00. Following the completion of the sale, the director now directly owns 8,538 shares in the company, valued at $2,977,456.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other MarketAxess news, insider Christophe Pierre Danie Roupie sold 604 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $366.58, for a total transaction of $221,414.32. Following the completion of the transaction, the insider now directly owns 5,882 shares in the company, valued at $2,156,223.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Begleiter sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $348.73, for a total transaction of $348,730.00. Following the transaction, the director now owns 8,538 shares of the company’s stock, valued at $2,977,456.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,854 shares of company stock worth $659,844. Corporate insiders own 1.94% of the company’s stock.
Analysts Set New Price Targets
MarketAxess Stock Up 5.1 %
Shares of MKTX stock opened at $364.33 on Tuesday. The firm has a 50 day moving average price of $345.28 and a two-hundred day moving average price of $286.03. The company has a market capitalization of $13.70 billion, a PE ratio of 54.79 and a beta of 0.77. MarketAxess Holdings Inc. has a 12-month low of $217.44 and a 12-month high of $389.57.
MarketAxess (NASDAQ:MKTX – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. MarketAxess had a net margin of 34.84% and a return on equity of 24.34%. The company had revenue of $177.90 million during the quarter, compared to the consensus estimate of $176.92 million. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts expect that MarketAxess Holdings Inc. will post 7.78 EPS for the current year.
MarketAxess Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 8th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from MarketAxess’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Tuesday, February 7th. MarketAxess’s payout ratio is presently 43.31%.
MarketAxess Company Profile
MarketAxess Holdings, Inc engages in electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It operates through the Americas, Europe, and Asia geographical segments. The company was founded by Richard Mitchell Mcvey on April 11, 2000, and is headquartered in New York, NY.
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