Blair William & Co. IL Sells 10,460 Shares of MarketAxess Holdings, Inc. (MKTX)
Blair William & Co. IL lowered its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 13.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,045 shares of the financial services provider’s stock after selling 10,460 shares during the period. Blair William & Co. IL owned about 0.19% of MarketAxess Holdings worth $14,086,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of MKTX. Chartwell Investment Partners LLC purchased a new stake in MarketAxess Holdings during the second quarter valued at about $438,000. First Personal Financial Services increased its stake in MarketAxess Holdings by 2.6% in the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock valued at $127,000 after buying an additional 16 shares during the period. BNP Paribas Arbitrage SA increased its stake in MarketAxess Holdings by 57.2% in the second quarter. BNP Paribas Arbitrage SA now owns 15,688 shares of the financial services provider’s stock valued at $3,155,000 after buying an additional 5,711 shares during the period. Comerica Bank increased its stake in MarketAxess Holdings by 0.9% in the second quarter. Comerica Bank now owns 29,722 shares of the financial services provider’s stock valued at $5,848,000 after buying an additional 266 shares during the period. Finally, Legal & General Group Plc increased its stake in MarketAxess Holdings by 23.2% in the second quarter. Legal & General Group Plc now owns 29,697 shares of the financial services provider’s stock valued at $5,972,000 after buying an additional 5,602 shares during the period. Institutional investors and hedge funds own 90.36% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 188.71 on Friday. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06. The company has a market cap of $7.08 billion, a P/E ratio of 49.63 and a beta of 0.69. The stock has a 50 day moving average of $197.59 and a 200 day moving average of $192.63.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The company had revenue of $97.31 million for the quarter, compared to the consensus estimate of $96.42 million. During the same period last year, the company earned $0.88 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. On average, equities analysts anticipate that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.70%. MarketAxess Holdings’s payout ratio is 34.65%.
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MKTX has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $210.00 price target on shares of MarketAxess Holdings in a research note on Friday, July 14th. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Raymond James Financial, Inc. lifted their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. MarketAxess Holdings presently has an average rating of “Buy” and a consensus price target of $197.17.
In related news, insider Nicholas Themelis sold 5,596 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the transaction, the insider now directly owns 67,763 shares in the company, valued at $13,609,520.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the transaction, the chief executive officer now owns 1,108,142 shares in the company, valued at $220,110,245.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,882 shares of company stock worth $6,966,237. 4.51% of the stock is owned by corporate insiders.
MarketAxess Holdings Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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