Tokio Marine Asset Management Co. Ltd. acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) during the 4th quarter, Holdings Channel reports. The fund acquired 743 shares of the financial services provider’s stock, valued at approximately $207,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC acquired a new position in MarketAxess during the 3rd quarter worth approximately $27,000. Private Trust Co. NA acquired a new stake in shares of MarketAxess during the 2nd quarter valued at $50,000. Pinnacle Financial Partners Inc. bought a new position in MarketAxess in the third quarter valued at about $56,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of MarketAxess during the fourth quarter valued at about $68,000. Finally, Dupont Capital Management Corp grew its holdings in shares of MarketAxess by 32.1% during the third quarter. Dupont Capital Management Corp now owns 313 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 96.78% of the company’s stock.
MarketAxess Price Performance
MKTX opened at $343.29 on Monday. MarketAxess Holdings Inc. has a fifty-two week low of $217.44 and a fifty-two week high of $399.78. The firm has a market capitalization of $12.91 billion, a PE ratio of 51.62 and a beta of 0.80. The company’s 50-day moving average is $364.46 and its 200 day moving average is $303.14.
MarketAxess Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 0.84%. This is an increase from MarketAxess’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, February 7th. MarketAxess’s payout ratio is currently 43.31%.
Insider Activity
In other MarketAxess news, Director Steven L. Begleiter sold 1,000 shares of the stock in a transaction dated 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 owns 8,538 shares in the company, valued at approximately $2,977,456.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other MarketAxess news, Director Steven L. Begleiter sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $348.73, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christophe Pierre Danie Roupie sold 604 shares of MarketAxess stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $366.58, for a total value of $221,414.32. Following the sale, the insider now owns 5,882 shares in the company, valued at $2,156,223.56. The disclosure for this sale can be found here. Insiders sold a total of 1,854 shares of company stock worth $659,844 over the last quarter. Insiders own 1.94% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on MKTX shares. Credit Suisse Group boosted their target price on shares of MarketAxess from $313.00 to $332.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. Atlantic Securities raised MarketAxess from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $321.00 to $403.00 in a research note on Thursday, March 2nd. Keefe, Bruyette & Woods raised their price target on shares of MarketAxess from $325.00 to $345.00 and gave the stock a “market perform” rating in a report on Thursday, January 26th. Rosenblatt Securities reiterated a “sell” rating and set a $288.00 price objective on shares of MarketAxess in a research report on Thursday. Finally, Morgan Stanley upped their price target on shares of MarketAxess from $314.00 to $341.00 and gave the company an “equal weight” rating in a research report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $331.36.
MarketAxess Company Profile
MarketAxess Holdings, Inc engages in an 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.
Read More
- Get a free copy of the StockNews.com research report on MarketAxess (MKTX)
- MarketBeat Week in Review – 4/3 – 4/7
- Costco Sales Disappoint, Markets Are Missing This Upside Driver
- First Republic Bank Is A Speculative Play, Here’s Why
- The WD-40 Company Bottoms With Reversal In Sight
- 3 Low-Cost Stock ETFs That Are Crushing It This Year
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating).
Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.
