State of Tennessee Treasury Department Continues to Hold Position in MarketAxess Holdings, Inc. (MKTX)
State of Tennessee Treasury Department continued to hold its position in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,000 shares of the financial services provider’s stock at the close of the second quarter. State of Tennessee Treasury Department owned 0.09% of MarketAxess Holdings worth $7,039,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in MarketAxess Holdings by 16,586.2% during the first quarter. BlackRock Inc. now owns 3,000,674 shares of the financial services provider’s stock worth $562,595,000 after buying an additional 2,982,691 shares in the last quarter. Vanguard Group Inc. grew its position in MarketAxess Holdings by 5.0% during the first quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock worth $535,390,000 after buying an additional 134,735 shares in the last quarter. State Street Corp grew its position in MarketAxess Holdings by 2.3% during the first quarter. State Street Corp now owns 980,810 shares of the financial services provider’s stock worth $183,883,000 after buying an additional 22,091 shares in the last quarter. Van Berkom & Associates Inc. grew its position in MarketAxess Holdings by 0.4% during the second quarter. Van Berkom & Associates Inc. now owns 461,115 shares of the financial services provider’s stock worth $92,730,000 after buying an additional 1,790 shares in the last quarter. Finally, Geneva Advisors LLC grew its position in MarketAxess Holdings by 5.3% during the second quarter. Geneva Advisors LLC now owns 423,248 shares of the financial services provider’s stock worth $85,115,000 after buying an additional 21,487 shares in the last quarter. 91.13% of the stock is currently owned by institutional investors.
Shares of MarketAxess Holdings, Inc. (MKTX) opened at 178.38 on Friday. MarketAxess Holdings, Inc. has a one year low of $145.10 and a one year high of $211.06. The firm has a 50 day moving average price of $194.57 and a 200-day moving average price of $192.48. The firm has a market cap of $6.70 billion, a P/E ratio of 46.92 and a beta of 0.70.
MarketAxess Holdings (NASDAQ:MKTX) last issued its earnings results 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. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The business had revenue of $97.31 million for the quarter, compared to analysts’ expectations of $96.42 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts forecast that MarketAxess Holdings, Inc. will post $4.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given 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 0.74%. MarketAxess Holdings’s dividend payout ratio (DPR) is currently 34.65%.
In other news, insider Kevin M. Mcpherson sold 9,286 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the completion of the transaction, the insider now directly owns 90,929 shares in the company, valued at approximately $18,308,554.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 1,108,142 shares of the company’s stock, valued at $220,110,245.46. The disclosure for this sale can be found here. 4.51% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $210.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 14th. BidaskClub raised MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. increased their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $197.17.
MarketAxess Holdings 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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