MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,089 shares of the financial services provider’s stock after selling 92 shares during the quarter. Thrivent Financial for Lutherans’ holdings in MarketAxess were worth $583,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kistler Tiffany Companies LLC acquired a new stake in MarketAxess in the third quarter valued at about $27,000. Spire Wealth Management grew its holdings in MarketAxess by 101.8% in the fourth quarter. Spire Wealth Management now owns 224 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 113 shares during the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in shares of MarketAxess in the fourth quarter valued at $68,000. Riverview Trust Co raised its stake in shares of MarketAxess by 22.7% during the 4th quarter. Riverview Trust Co now owns 281 shares of the financial services provider’s stock worth $78,000 after buying an additional 52 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of MarketAxess by 43.3% in the 4th quarter. Signaturefd LLC now owns 301 shares of the financial services provider’s stock worth $84,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 96.78% of the company’s stock.

Insider Buying and Selling at MarketAxess

In other news, General Counsel Scott Pintoff sold 250 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $358.80, for a total value of $89,700.00. Following the completion of the transaction, the general counsel now directly owns 7,156 shares in the company, valued at $2,567,572.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Christophe Pierre Danie Roupie sold 604 shares of MarketAxess stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $366.58, for a total transaction of $221,414.32. Following the sale, the insider now directly owns 5,882 shares of the company’s stock, valued at $2,156,223.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Scott Pintoff sold 250 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $358.80, for a total value of $89,700.00. Following the completion of the transaction, the general counsel now owns 7,156 shares in the company, valued at approximately $2,567,572.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MKTX shares. 888 restated a “maintains” rating on shares of MarketAxess in a report on Thursday, April 27th. TheStreet upgraded MarketAxess from a “c+” rating to a “b-” rating in a research report on Wednesday, March 8th. Morgan Stanley raised their price target on shares of MarketAxess from $341.00 to $344.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 11th. The Goldman Sachs Group increased their price target on MarketAxess from $297.00 to $336.00 and gave the stock a “neutral” rating in a research note on Thursday, January 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of MarketAxess from $302.00 to $308.00 in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, MarketAxess has an average rating of “Hold” and a consensus target price of $334.10.

MarketAxess Trading Down 0.5 %

Shares of MKTX stock opened at $274.64 on Friday. The company’s fifty day simple moving average is $331.50 and its 200-day simple moving average is $320.05. MarketAxess Holdings Inc. has a 52 week low of $217.44 and a 52 week high of $399.78. The company has a market cap of $10.35 billion, a PE ratio of 39.80 and a beta of 0.79.

MarketAxess (NASDAQ:MKTX – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.90 by $0.06. MarketAxess had a return on equity of 24.55% and a net margin of 35.23%. The company had revenue of $203.20 million for the quarter, compared to analyst estimates of $200.36 million. During the same period last year, the company posted $1.73 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. Equities research analysts expect that MarketAxess Holdings Inc. will post 7.56 EPS for the current fiscal year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Tuesday, May 9th. MarketAxess’s dividend payout ratio is presently 41.74%.

MarketAxess Profile

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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.