Credit Suisse AG cut its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,717 shares of the financial services provider’s stock after selling 1,029 shares during the period. Credit Suisse AG owned about 0.18% of MarketAxess worth $18,886,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Kistler Tiffany Companies LLC bought a new position in shares of MarketAxess during the third quarter worth about $27,000. First Horizon Advisors Inc. lifted its position in shares of MarketAxess by 40.9% during the fourth quarter. First Horizon Advisors Inc. now owns 210 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 61 shares during the last quarter. Spire Wealth Management lifted its position in shares of MarketAxess by 101.8% during the fourth quarter. Spire Wealth Management now owns 224 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 113 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of MarketAxess by 296.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 169 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd bought a new position in shares of MarketAxess during the fourth quarter worth about $68,000. 96.78% of the stock is currently owned by institutional investors and hedge funds.
MarketAxess Price Performance
NASDAQ MKTX opened at $276.43 on Friday. MarketAxess Holdings Inc. has a 12 month low of $217.44 and a 12 month high of $399.78. The firm has a market capitalization of $10.41 billion, a PE ratio of 40.06 and a beta of 0.79. The company’s 50 day simple moving average is $309.76 and its 200 day simple moving average is $321.08.
MarketAxess Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th were given a $0.72 dividend. The ex-dividend date was Tuesday, May 9th. This represents a $2.88 annualized dividend and a yield of 1.04%. MarketAxess’s dividend payout ratio (DPR) is 41.74%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MKTX. TheStreet raised shares of MarketAxess from a “c+” rating to a “b-” rating in a research report on Wednesday, March 8th. Morgan Stanley raised their target price on shares of MarketAxess from $341.00 to $344.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 11th. Rosenblatt Securities reissued a “sell” rating and issued a $288.00 target price on shares of MarketAxess in a report on Thursday, April 6th. StockNews.com started coverage on shares of MarketAxess in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Atlantic Securities raised shares of MarketAxess from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $321.00 to $403.00 in a report on Thursday, March 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $334.10.
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.
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