Blair William & Co. IL lifted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 12.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,751 shares of the financial services provider’s stock after buying an additional 299 shares during the period. Blair William & Co. IL’s holdings in MarketAxess were worth $1,076,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC grew its position in shares of MarketAxess by 21.4% in the 1st quarter. HighTower Advisors LLC now owns 1,210 shares of the financial services provider’s stock valued at $409,000 after buying an additional 213 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of MarketAxess by 95.3% in the first quarter. Panagora Asset Management Inc. now owns 4,307 shares of the financial services provider’s stock worth $1,465,000 after purchasing an additional 2,102 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of MarketAxess by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,088 shares of the financial services provider’s stock worth $1,731,000 after purchasing an additional 315 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of MarketAxess by 15.7% in the first quarter. Raymond James Trust N.A. now owns 648 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 88 shares during the last quarter. Finally, Cibc World Market Inc. bought a new position in shares of MarketAxess in the first quarter valued at approximately $317,000. Institutional investors own 99.01% of the company’s stock.
Insiders Place Their Bets
In related news, insider Kevin M. Mcpherson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $274.00, for a total value of $548,000.00. Following the sale, the insider now owns 71,899 shares in the company, valued at approximately $19,700,326. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other MarketAxess news, CEO Christopher R. Concannon acquired 4,270 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of $238.42 per share, with a total value of $1,018,053.40. Following the transaction, the chief executive officer now owns 47,166 shares of the company’s stock, valued at approximately $11,245,317.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin M. Mcpherson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $274.00, for a total value of $548,000.00. Following the completion of the transaction, the insider now directly owns 71,899 shares in the company, valued at $19,700,326. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on MKTX
MarketAxess Trading Down 0.7 %
NASDAQ MKTX opened at $227.29 on Friday. MarketAxess Holdings Inc. has a 1-year low of $217.44 and a 1-year high of $399.78. The stock has a 50-day moving average of $250.74 and a 200-day moving average of $296.58. The firm has a market cap of $8.56 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 3.18 and a beta of 0.79.
MarketAxess (NASDAQ:MKTX – Get Free Report) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. MarketAxess had a return on equity of 23.12% and a net margin of 34.38%. The company had revenue of $179.90 million for the quarter, compared to the consensus estimate of $179.47 million. During the same quarter in the previous year, the business earned $1.78 EPS. MarketAxess’s revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.14 earnings per share for the current fiscal year.
MarketAxess Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Wednesday, August 2nd were issued a dividend of $0.72 per share. The ex-dividend date was Tuesday, August 1st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.27%. MarketAxess’s dividend payout ratio (DPR) is 42.92%.
MarketAxess Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed-income securities.
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