MarketAxess Holdings Inc. (NASDAQ:MKTX) Position Raised by Empirical Asset Management LLC

Empirical Asset Management LLC grew its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,547 shares of the financial services provider’s stock after purchasing an additional 657 shares during the period. Empirical Asset Management LLC’s holdings in MarketAxess were worth $1,039,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MKTX. Clear Street Markets LLC grew its holdings in MarketAxess by 94.6% during the first quarter. Clear Street Markets LLC now owns 72 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the period. Gladius Capital Management LP increased its stake in MarketAxess by 39.6% in the 3rd quarter. Gladius Capital Management LP now owns 134 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 38 shares in the last quarter. VitalStone Financial LLC purchased a new position in MarketAxess in the 1st quarter worth about $31,000. Massmutual Trust Co. FSB ADV increased its stake in MarketAxess by 47.3% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 134 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 43 shares in the last quarter. Finally, Compass Wealth Management LLC purchased a new position in MarketAxess in the 4th quarter worth about $41,000. 99.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MKTX. Barclays cut MarketAxess from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $246.00 to $291.00 in a research note on Monday, January 8th. Citigroup raised their price objective on MarketAxess from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Rosenblatt Securities decreased their price objective on MarketAxess from $229.00 to $210.00 and set a “sell” rating for the company in a research report on Thursday, February 1st. The Goldman Sachs Group decreased 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. Finally, William Blair reiterated an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $266.89.

Get Our Latest Stock Report on MarketAxess

MarketAxess Stock Up 3.3 %

NASDAQ MKTX traded up $7.10 during trading on Thursday, hitting $223.81. The company’s stock had a trading volume of 379,316 shares, compared to its average volume of 452,684. The firm has a market cap of $8.48 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 3.73 and a beta of 0.98. MarketAxess Holdings Inc. has a 52 week low of $200.01 and a 52 week high of $399.78. The firm has a 50 day moving average price of $232.86 and a 200 day moving average price of $238.22.

MarketAxess (NASDAQ:MKTXGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.11. The firm had revenue of $197.20 million for 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%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share. On average, equities analysts expect that MarketAxess Holdings Inc. will post 7.27 earnings per share for the current year.

MarketAxess Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, February 13th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.72. MarketAxess’s dividend payout ratio is 43.21%.

Insider Activity

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the company’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 transaction, the executive now owns 70,092 shares of the company’s stock, valued at $15,508,555.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

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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