MarketAxess Holdings, Inc. (MKTX) Holdings Cut by Roosevelt Investment Group Inc.
Roosevelt Investment Group Inc. decreased its holdings in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,467 shares of the financial services provider’s stock after selling 6,471 shares during the period. MarketAxess Holdings makes up about 1.7% of Roosevelt Investment Group Inc.’s holdings, making the stock its 17th biggest position. Roosevelt Investment Group Inc. owned approximately 0.24% of MarketAxess Holdings worth $18,193,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in MarketAxess Holdings by 16,586.2% during the 1st quarter. BlackRock Inc. now owns 3,000,674 shares of the financial services provider’s stock worth $562,595,000 after purchasing an additional 2,982,691 shares during the period. Vanguard Group Inc. increased its position in MarketAxess Holdings by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock worth $535,390,000 after purchasing an additional 134,735 shares during the period. Baillie Gifford & Co. increased its position in MarketAxess Holdings by 5.1% during the 2nd quarter. Baillie Gifford & Co. now owns 2,752,949 shares of the financial services provider’s stock worth $553,618,000 after purchasing an additional 134,588 shares during the period. State Street Corp increased its position in MarketAxess Holdings by 2.3% during the 1st quarter. State Street Corp now owns 980,810 shares of the financial services provider’s stock worth $183,883,000 after purchasing an additional 22,091 shares during the period. Finally, Franklin Resources Inc. increased its position in MarketAxess Holdings by 8.4% during the 2nd quarter. Franklin Resources Inc. now owns 869,065 shares of the financial services provider’s stock worth $174,782,000 after purchasing an additional 67,254 shares during the period. Institutional investors own 91.13% of the company’s stock.
In other MarketAxess Holdings news, 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 value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.51% of the company’s stock.
Several research firms have issued reports on MKTX. Zacks Investment Research upgraded MarketAxess Holdings from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub cut MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Raymond James Financial, Inc. upped their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $210.00 price target on shares of MarketAxess Holdings in a report on Friday, July 14th. Four research 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 company’s stock. MarketAxess Holdings has an average rating of “Buy” and a consensus target price of $197.17.
MarketAxess Holdings, Inc. (MKTX) traded down 0.26% during midday trading on Tuesday, hitting $179.34. The company had a trading volume of 67,009 shares. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 47.17 and a beta of 0.70. MarketAxess Holdings, Inc. has a 12-month low of $145.10 and a 12-month high of $211.06. The company’s 50 day moving average is $194.57 and its 200 day moving average is $192.44.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.08. The firm 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 firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 earnings per share. On average, equities analysts anticipate that MarketAxess Holdings, Inc. will post $4.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.32 annualized dividend and a yield of 0.73%. MarketAxess Holdings’s dividend payout ratio (DPR) is 34.65%.
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.
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