MarketAxess Holdings, Inc. (MKTX) Insider Kevin M. Mcpherson Sells 5,000 Shares
MarketAxess Holdings, Inc. (NASDAQ:MKTX) insider Kevin M. Mcpherson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $176.61, for a total value of $883,050.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) traded up $4.15 during trading hours on Friday, hitting $180.40. The company had a trading volume of 221,804 shares, compared to its average volume of 205,215. The firm has a market cap of $6,620.00, a P/E ratio of 44.72 and a beta of 0.66. MarketAxess Holdings, Inc. has a 1 year low of $145.10 and a 1 year high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.90. MarketAxess Holdings had a return on equity of 30.12% and a net margin of 37.67%. The firm had revenue of $96.70 million during the quarter, compared to the consensus estimate of $96.35 million. During the same period last year, the company earned $0.82 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts predict that MarketAxess Holdings, Inc. will post 3.91 earnings per share for the current fiscal year.
MarketAxess Holdings declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 25th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be issued 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 of this dividend is Tuesday, November 7th. MarketAxess Holdings’s dividend payout ratio (DPR) is 33.93%.
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A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in MarketAxess Holdings by 2.1% during the 2nd quarter. BlackRock Inc. now owns 3,063,588 shares of the financial services provider’s stock valued at $616,087,000 after acquiring an additional 62,914 shares during the period. Vanguard Group Inc. boosted its holdings in MarketAxess Holdings by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,894,267 shares of the financial services provider’s stock valued at $582,038,000 after acquiring an additional 38,702 shares during the period. Baillie Gifford & Co. boosted its holdings 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 valued at $553,618,000 after acquiring an additional 134,588 shares during the period. Wells Fargo & Company MN boosted its holdings in MarketAxess Holdings by 10.3% during the 3rd quarter. Wells Fargo & Company MN now owns 1,232,534 shares of the financial services provider’s stock valued at $227,415,000 after acquiring an additional 115,038 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in MarketAxess Holdings by 0.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 988,574 shares of the financial services provider’s stock valued at $182,402,000 after acquiring an additional 4,191 shares during the period. Institutional investors own 90.18% of the company’s stock.
MKTX has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BidaskClub raised MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Raymond James Financial, Inc. raised their price objective on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $192.40.
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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