Mitsubishi UFJ Trust & Banking Corp Sells 1,187 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Mitsubishi UFJ Trust & Banking Corp cut its stake in MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,960 shares of the financial services provider’s stock after selling 1,187 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of MarketAxess worth $16,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MKTX. Clear Street Markets LLC increased its holdings in shares of MarketAxess by 94.6% in the 1st quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. VitalStone Financial LLC purchased a new position in shares of MarketAxess in the 1st quarter valued at $31,000. Compass Wealth Management LLC acquired a new stake in shares of MarketAxess in the 4th quarter worth $41,000. West Tower Group LLC acquired a new stake in shares of MarketAxess in the 2nd quarter worth $47,000. Finally, Natixis acquired a new stake in shares of MarketAxess in the 2nd quarter worth $51,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at MarketAxess

In related news, CRO Kevin M. Mcpherson sold 1,020 shares of MarketAxess 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 transaction, the executive now owns 69,879 shares in the company, valued at approximately $16,138,555.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other MarketAxess news, CRO Kevin M. Mcpherson sold 920 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Kevin M. Mcpherson sold 1,020 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $230.95, for a total value of $235,569.00. Following the sale, the executive now owns 69,879 shares of the company’s stock, valued at $16,138,555.05. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

MarketAxess Stock Up 1.5 %

Shares of MKTX stock opened at $226.69 on Tuesday. The stock has a market cap of $8.59 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 3.77 and a beta of 1.02. The business has a 50-day simple moving average of $266.22 and a 200-day simple moving average of $243.92. MarketAxess Holdings Inc. has a 52-week low of $200.01 and a 52-week high of $399.78.

MarketAxess (NASDAQ:MKTXGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.11. The business had revenue of $197.20 million during the quarter, compared to analysts’ expectations of $196.70 million. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. During the same quarter in the previous year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.34 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.72. MarketAxess’s payout ratio is currently 42.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price objective on MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. StockNews.com raised MarketAxess from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Morgan Stanley lowered their price objective on MarketAxess from $308.00 to $284.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Citigroup lifted their price target on MarketAxess from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $266.89.

Check Out Our Latest Report on MKTX

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.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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