SG Americas Securities LLC Sells 11,704 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

SG Americas Securities LLC lessened its position in MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) by 87.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,658 shares of the financial services provider’s stock after selling 11,704 shares during the period. SG Americas Securities LLC’s holdings in MarketAxess were worth $564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in MarketAxess by 340.4% during the fourth quarter. Bessemer Group Inc. now owns 207 shares of the financial services provider’s stock valued at $85,000 after buying an additional 160 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in MarketAxess by 29.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 2,801 shares of the financial services provider’s stock valued at $1,152,000 after purchasing an additional 639 shares during the last quarter. Yousif Capital Management LLC bought a new position in MarketAxess during the fourth quarter valued at $2,287,000. CWM LLC bought a new stake in shares of MarketAxess in the 4th quarter worth about $113,000. Finally, Xponance Inc. increased its stake in MarketAxess by 10.2% in the 4th quarter. Xponance Inc. now owns 6,334 shares of the financial services provider’s stock worth $2,605,000 after buying an additional 584 shares during the period. Institutional investors own 96.50% of the company’s stock.

MarketAxess Trading Down 2.0 %

Shares of MKTX stock opened at $266.39 on Thursday. The company’s 50-day moving average price is $269.49 and its 200-day moving average price is $304.91. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 41.75 and a beta of 0.59. MarketAxess Holdings Inc. has a twelve month low of $249.01 and a twelve month high of $498.97.

MarketAxess (NASDAQ:MKTXGet Rating) last announced its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. MarketAxess had a net margin of 34.77% and a return on equity of 23.55%. The firm had revenue of $182.20 million for the quarter, compared to analysts’ expectations of $185.24 million. During the same quarter in the previous year, the company posted $1.77 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that MarketAxess Holdings Inc. will post 6.75 EPS for the current year.

MarketAxess Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 3rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, August 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.05%. MarketAxess’s payout ratio is currently 43.89%.

Analyst Ratings Changes

MKTX has been the topic of a number of research reports. Jefferies Financial Group cut their target price on shares of MarketAxess from $315.00 to $300.00 and set a “hold” rating on the stock in a research report on Monday, June 27th. Credit Suisse Group decreased their price objective on shares of MarketAxess from $316.00 to $305.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Rosenblatt Securities lifted their target price on shares of MarketAxess from $383.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Morgan Stanley cut their target price on shares of MarketAxess from $338.00 to $325.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Finally, Raymond James lowered shares of MarketAxess from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 6th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $327.56.

Insider Buying and Selling at MarketAxess

In other MarketAxess news, insider Christophe Pierre Danie Roupie sold 1,740 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $285.03, for a total transaction of $495,952.20. Following the sale, the insider now directly owns 5,318 shares in the company, valued at $1,515,789.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is currently owned by corporate insiders.

MarketAxess Company Profile

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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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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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