Riverhead Capital Management LLC boosted its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 38.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,730 shares of the financial services provider’s stock after buying an additional 1,030 shares during the quarter. Riverhead Capital Management LLC’s holdings in MarketAxess Holdings were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. increased its holdings in MarketAxess Holdings by 5.1% in the second quarter. Baillie Gifford & Co. now owns 2,752,949 shares of the financial services provider’s stock valued at $553,618,000 after buying an additional 134,588 shares during the last quarter. Martingale Asset Management L P bought a new stake in MarketAxess Holdings in the second quarter valued at about $12,490,000. Alliancebernstein L.P. increased its holdings in MarketAxess Holdings by 19.8% in the second quarter. Alliancebernstein L.P. now owns 310,545 shares of the financial services provider’s stock valued at $62,451,000 after buying an additional 51,347 shares during the last quarter. Franklin Resources Inc. increased its holdings in MarketAxess Holdings by 8.4% in the second quarter. Franklin Resources Inc. now owns 869,065 shares of the financial services provider’s stock valued at $174,782,000 after buying an additional 67,254 shares during the last quarter. Finally, CIBC World Markets Inc. increased its holdings in MarketAxess Holdings by 839.1% in the second quarter. CIBC World Markets Inc. now owns 15,561 shares of the financial services provider’s stock valued at $3,129,000 after buying an additional 13,904 shares during the last quarter. 91.10% of the stock is owned by hedge funds and other institutional investors.

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In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,108,142 shares in the company, valued at $220,110,245.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.51% of the stock is owned by company insiders.

Several brokerages recently weighed in on MKTX. Zacks Investment Research raised MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Monday, September 11th. BidaskClub lowered MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Raymond James Financial, Inc. boosted their price objective on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $210.00 price objective on shares of MarketAxess Holdings in a report on Friday, July 14th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $197.17.

MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 180.43 on Tuesday. MarketAxess Holdings, Inc. has a 12-month low of $145.10 and a 12-month high of $211.06. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 47.46 and a beta of 0.70. The stock’s 50 day moving average price is $190.91 and its 200 day moving average price is $191.81.

MarketAxess Holdings (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $97.31 million during the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. On average, equities research analysts anticipate that MarketAxess Holdings, Inc. will post $4.07 earnings per share 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 paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Tuesday, August 8th. MarketAxess Holdings’s dividend payout ratio 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.

Institutional Ownership by Quarter for MarketAxess Holdings (NASDAQ:MKTX)

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