Victory Capital Management Inc. Sells 13,390 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Victory Capital Management Inc. lowered its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 35.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,440 shares of the financial services provider’s stock after selling 13,390 shares during the quarter. Victory Capital Management Inc.’s holdings in MarketAxess were worth $5,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its holdings in MarketAxess by 10.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 54,621 shares of the financial services provider’s stock worth $11,669,000 after buying an additional 5,155 shares in the last quarter. ICICI Prudential Asset Management Co Ltd lifted its holdings in MarketAxess by 122.6% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 33,833 shares of the financial services provider’s stock worth $7,228,000 after purchasing an additional 18,633 shares in the last quarter. Islay Capital Management LLC purchased a new stake in shares of MarketAxess during the 3rd quarter worth approximately $339,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of MarketAxess by 9.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 998 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 87 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of MarketAxess by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 51,460 shares of the financial services provider’s stock worth $10,994,000 after acquiring an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Insider Buying and Selling

In related news, CRO Kevin M. Mcpherson sold 920 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $260.50, for a total transaction of $239,660.00. Following the completion of the sale, the executive now directly owns 68,959 shares in the company, valued at approximately $17,963,819.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MarketAxess news, CRO Kevin M. Mcpherson sold 1,020 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $230.95, for a total value of $235,569.00. Following the completion of the sale, the executive now directly owns 69,879 shares in the company, valued at $16,138,555.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Kevin M. Mcpherson sold 920 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $260.50, for a total value of $239,660.00. Following the completion of the sale, the executive now owns 68,959 shares of the company’s stock, valued at $17,963,819.50. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their target price on MarketAxess from $254.00 to $242.00 and set a “hold” rating on the stock in a research report on Wednesday, October 11th. StockNews.com raised MarketAxess from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Barclays downgraded MarketAxess from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $246.00 to $291.00 in a research report on Monday, January 8th. Rosenblatt Securities cut their target price on MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group cut their target price on MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, MarketAxess presently has a consensus rating of “Hold” and an average price target of $266.89.

Check Out Our Latest Research Report on MKTX

MarketAxess Trading Up 2.3 %

MKTX opened at $226.41 on Thursday. MarketAxess Holdings Inc. has a 12-month low of $200.01 and a 12-month high of $399.78. The business’s fifty day simple moving average is $267.12 and its 200-day simple moving average is $245.09. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.72 and a beta of 1.02.

MarketAxess (NASDAQ:MKTXGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.11. The business had revenue of $197.20 million for the quarter, compared to the consensus estimate of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 EPS. On average, equities research analysts predict that MarketAxess Holdings Inc. will post 7.37 EPS for the current year.

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.74 per share. This is a boost from MarketAxess’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, February 13th. MarketAxess’s dividend payout ratio is 42.04%.

MarketAxess Profile

(Free Report)

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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