Bank of New York Mellon Corp Sells 1,674 Shares of MarketAxess Holdings, Inc. (MKTX)
Bank of New York Mellon Corp reduced its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 419,040 shares of the financial services provider’s stock after selling 1,674 shares during the period. Bank of New York Mellon Corp owned approximately 1.12% of MarketAxess Holdings worth $84,269,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in MKTX. Cutler Group LP acquired a new stake in shares of MarketAxess Holdings during the second quarter valued at about $110,000. Traynor Capital Management Inc. acquired a new stake in shares of MarketAxess Holdings during the second quarter valued at about $203,000. Puzo Michael J acquired a new stake in shares of MarketAxess Holdings during the first quarter valued at about $212,000. Gardiner Nancy B acquired a new stake in shares of MarketAxess Holdings during the first quarter valued at about $224,000. Finally, Independence Trust CO acquired a new stake in shares of MarketAxess Holdings during the first quarter valued at about $240,000. 91.13% of the stock is currently owned by institutional investors.
MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 190.60 on Monday. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 50.13 and a beta of 0.69. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06. The stock has a 50 day moving average of $196.45 and a 200-day moving average of $192.74.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The business had revenue of $97.31 million during the quarter, compared to analyst estimates of $96.42 million. During the same period in the previous year, the firm earned $0.88 EPS. MarketAxess Holdings’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts expect that MarketAxess Holdings, Inc. will post $4.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a $0.33 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.69%. MarketAxess Holdings’s dividend payout ratio is presently 34.65%.
MKTX has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $210.00 price target on shares of MarketAxess Holdings in a report on Friday, July 14th. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research raised shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. upped their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $197.17.
In related news, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total value of $3,972,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,108,142 shares in the company, valued at approximately $220,110,245.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin M. Mcpherson sold 9,286 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $201.35, for a total value of $1,869,736.10. Following the completion of the transaction, the insider now owns 90,929 shares of the company’s stock, valued at $18,308,554.15. The disclosure for this sale can be found here. Insiders sold a total of 34,882 shares of company stock valued at $6,966,237 over the last quarter. 4.51% of the stock is owned by insiders.
About MarketAxess Holdings
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.
Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings, Inc. (NASDAQ:MKTX).
Receive News & Stock Ratings for MarketAxess Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess Holdings Inc. and related stocks with our FREE daily email newsletter.