MarketAxess Holdings, Inc. (MKTX) Stake Reduced by Neuberger Berman Group LLC
Neuberger Berman Group LLC reduced its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 984,383 shares of the financial services provider’s stock after selling 39,712 shares during the period. Neuberger Berman Group LLC owned approximately 2.62% of MarketAxess Holdings worth $197,959,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Cutler Group LP purchased a new stake in MarketAxess Holdings during the second quarter worth $110,000. First Personal Financial Services raised 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 worth $127,000 after buying an additional 16 shares during the period. Traynor Capital Management Inc. purchased a new stake in MarketAxess Holdings during the second quarter worth $203,000. Puzo Michael J purchased a new stake in MarketAxess Holdings during the first quarter worth $212,000. Finally, Gardiner Nancy B purchased a new stake in MarketAxess Holdings during the first quarter worth $224,000. 91.13% of the stock is currently owned by institutional investors.
MarketAxess Holdings, Inc. (MKTX) opened at 190.60 on Monday. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 50.13 and a beta of 0.69. The stock’s 50 day moving average is $196.45 and its 200-day moving average is $192.74. MarketAxess Holdings, Inc. has a 12 month low of $145.10 and a 12 month high of $211.06.
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 analysts’ consensus estimates of $0.92 by $0.08. The company had revenue of $97.31 million for the quarter, compared to analyst estimates of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities research analysts expect that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.69%. MarketAxess Holdings’s dividend payout ratio is currently 34.65%.
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A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub lowered shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Raymond James Financial, Inc. raised their target price on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $210.00 target price on shares of MarketAxess Holdings in a research report on Friday, July 14th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $197.17.
In other news, insider Nicholas Themelis sold 5,596 shares of MarketAxess Holdings stock in a transaction that occurred 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 sale, the insider now owns 67,763 shares in the company, valued at $13,609,520.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess Holdings stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the sale, the chief executive officer now owns 1,108,142 shares in the company, valued at approximately $220,110,245.46. The disclosure for this sale can be found here. Insiders have sold 34,882 shares of company stock worth $6,966,237 in the last quarter. Insiders own 4.51% of the company’s stock.
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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