Washington Capital Management Inc. Has $630,000 Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Washington Capital Management Inc. lifted its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,150 shares of the financial services provider’s stock after buying an additional 300 shares during the quarter. Washington Capital Management Inc.’s holdings in MarketAxess were worth $630,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in shares of MarketAxess by 2,088.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,984 shares of the financial services provider’s stock worth $11,124,000 after buying an additional 36,248 shares during the period. Portside Wealth Group LLC boosted its stake in MarketAxess by 15.3% during the 4th quarter. Portside Wealth Group LLC now owns 2,503 shares of the financial services provider’s stock worth $733,000 after acquiring an additional 332 shares during the last quarter. CVA Family Office LLC bought a new position in MarketAxess during the 4th quarter worth approximately $50,000. SkyOak Wealth LLC bought a new position in MarketAxess in the fourth quarter valued at approximately $375,000. Finally, Empirical Asset Management LLC lifted its stake in MarketAxess by 22.7% in the fourth quarter. Empirical Asset Management LLC now owns 3,547 shares of the financial services provider’s stock valued at $1,039,000 after buying an additional 657 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Insider Buying and Selling at MarketAxess

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $221.26, for a total transaction of $442,520.00. Following the completion of the sale, the executive now directly owns 70,092 shares of the company’s stock, valued at approximately $15,508,555.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

MKTX has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their price objective on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. William Blair reiterated an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Rosenblatt Securities decreased their price objective on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a report on Thursday, February 1st. Barclays cut shares of 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. Finally, Citigroup boosted their target price on shares of MarketAxess from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $266.89.

Check Out Our Latest Analysis on MKTX

MarketAxess Stock Up 0.7 %

Shares of MKTX opened at $219.25 on Friday. The business’s fifty day moving average is $226.13 and its 200 day moving average is $237.70. MarketAxess Holdings Inc. has a 12-month low of $200.01 and a 12-month high of $399.78. The stock has a market cap of $8.30 billion, a P/E ratio of 32.01, a P/E/G ratio of 3.74 and a beta of 0.98.

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 for the quarter, beating the consensus estimate of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The business had revenue of $197.20 million for the quarter, compared to analysts’ expectations of $196.70 million. During the same period last year, the business earned $1.58 EPS. The business’s revenue was up 10.8% on a year-over-year basis. On average, analysts expect that MarketAxess Holdings Inc. will post 7.27 EPS for the current year.

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.74 per share. The ex-dividend date was Tuesday, February 13th. This is a boost from MarketAxess’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 1.35%. MarketAxess’s dividend payout ratio (DPR) is 43.21%.

MarketAxess Company Profile

(Free Report)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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