MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) by 93.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,128 shares of the financial services provider’s stock after selling 43,240 shares during the quarter. Bank of Nova Scotia’s holdings in MarketAxess were worth $799,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of MarketAxess by 14.9% during the second quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 1,289 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 167 shares during the last quarter. Kentucky Retirement Systems boosted its holdings in shares of MarketAxess by 15.6% during the second quarter. Kentucky Retirement Systems now owns 2,801 shares of the financial services provider’s stock worth $717,000 after purchasing an additional 377 shares during the last quarter. Texas Permanent School Fund raised its position in shares of MarketAxess by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 4,984 shares of the financial services provider’s stock worth $1,276,000 after buying an additional 52 shares during the period. State of Michigan Retirement System raised its position in shares of MarketAxess by 2.5% in the 2nd quarter. State of Michigan Retirement System now owns 12,321 shares of the financial services provider’s stock worth $3,154,000 after buying an additional 300 shares during the period. Finally, ING Groep NV raised its position in shares of MarketAxess by 17.7% in the 2nd quarter. ING Groep NV now owns 7,102 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 1,069 shares during the period. Institutional investors and hedge funds own 95.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MKTX. Rosenblatt Securities boosted their price target on MarketAxess from $213.00 to $214.00 and gave the stock a “sell” rating in a research report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft boosted their price target on MarketAxess from $225.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, November 15th. Atlantic Securities boosted their price target on MarketAxess from $280.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, August 19th. StockNews.com began coverage on MarketAxess in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Citigroup assumed coverage on MarketAxess in a research report on Tuesday, October 11th. They set a “buy” rating and a $285.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, MarketAxess presently has an average rating of “Hold” and a consensus price target of $290.30.

MarketAxess Trading Up 1.3 %

Shares of NASDAQ MKTX opened at $259.79 on Friday. MarketAxess Holdings Inc. has a twelve month low of $217.44 and a twelve month high of $422.60. The company has a market capitalization of $9.78 billion, a price-to-earnings ratio of 40.34 and a beta of 0.67. The business has a 50 day simple moving average of $242.14 and a 200-day simple moving average of $257.66.

MarketAxess (NASDAQ:MKTXGet Rating) last issued its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. MarketAxess had a return on equity of 23.89% and a net margin of 34.47%. The business had revenue of $172.10 million during the quarter, compared to the consensus estimate of $172.41 million. During the same period in the previous year, the business earned $1.52 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts predict that MarketAxess Holdings Inc. will post 6.62 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 2nd were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, November 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.08%. MarketAxess’s dividend payout ratio (DPR) is 43.48%.

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.

See Also

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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