Amalgamated Bank Acquires 441 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Amalgamated Bank lifted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,812 shares of the financial services provider’s stock after purchasing an additional 441 shares during the period. Amalgamated Bank’s holdings in MarketAxess were worth $3,678,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MKTX. Standard Family Office LLC bought a new stake in MarketAxess in the 1st quarter worth $27,000. Exane Derivatives grew its holdings in MarketAxess by 37.4% in the 1st quarter. Exane Derivatives now owns 202 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 55 shares during the last quarter. Riverview Trust Co grew its holdings in MarketAxess by 18.8% in the 1st quarter. Riverview Trust Co now owns 272 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 43 shares during the last quarter. Gladius Capital Management LP grew its holdings in MarketAxess by 37.5% in the 1st quarter. Gladius Capital Management LP now owns 286 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 78 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in MarketAxess in the 4th quarter worth $119,000. Institutional investors own 95.62% of the company’s stock.

Wall Street Analyst Weigh In

MKTX has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of MarketAxess from $338.00 to $325.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 19th. Credit Suisse Group dropped their target price on shares of MarketAxess from $305.00 to $288.00 and set a “neutral” rating for the company in a research report on Wednesday, September 7th. Jefferies Financial Group dropped their target price on shares of MarketAxess from $315.00 to $300.00 and set a “hold” rating for the company in a research report on Monday, June 27th. Atlantic Securities raised their target price on shares of MarketAxess from $280.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, August 19th. Finally, Rosenblatt Securities began coverage on shares of MarketAxess in a research report on Wednesday, August 17th. They issued a “sell” rating and a $231.00 target price for the company. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to data from MarketBeat, MarketAxess has a consensus rating of “Hold” and an average price target of $306.33.

MarketAxess Price Performance

Shares of NASDAQ MKTX opened at $227.90 on Friday. MarketAxess Holdings Inc. has a 1 year low of $227.63 and a 1 year high of $434.14. The stock has a market cap of $8.58 billion, a P/E ratio of 35.72 and a beta of 0.61. The firm has a 50-day moving average of $259.56 and a 200 day moving average of $277.80.

MarketAxess (NASDAQ:MKTXGet Rating) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $182.20 million during the quarter, compared to analysts’ expectations of $185.24 million. MarketAxess had a net margin of 34.77% and a return on equity of 23.55%. MarketAxess’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $1.77 EPS. Research analysts expect that MarketAxess Holdings Inc. will post 6.62 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 3rd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, August 2nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.23%. MarketAxess’s dividend payout ratio is currently 43.89%.

About MarketAxess

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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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