Centaurus Financial Inc. Purchases 578 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Centaurus Financial Inc. increased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 135.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,005 shares of the financial services provider’s stock after acquiring an additional 578 shares during the period. Centaurus Financial Inc.’s holdings in MarketAxess were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in MarketAxess by 17.8% during the 1st quarter. Citigroup Inc. now owns 62,996 shares of the financial services provider’s stock worth $31,367,000 after acquiring an additional 9,533 shares during the period. Hedeker Wealth LLC grew its stake in MarketAxess by 18.5% in the 2nd quarter. Hedeker Wealth LLC now owns 4,700 shares of the financial services provider’s stock worth $2,178,000 after buying an additional 734 shares in the last quarter. Norinchukin Bank The grew its stake in MarketAxess by 4.5% in the 1st quarter. Norinchukin Bank The now owns 1,173 shares of the financial services provider’s stock worth $584,000 after buying an additional 51 shares in the last quarter. Baker Tilly Wealth Management LLC grew its stake in MarketAxess by 24.4% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 1,687 shares of the financial services provider’s stock worth $840,000 after buying an additional 331 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in MarketAxess by 33.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 11,614 shares of the financial services provider’s stock worth $5,384,000 after buying an additional 2,942 shares in the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of MarketAxess stock opened at $426.24 on Wednesday. The company has a 50-day moving average of $467.20 and a 200 day moving average of $479.61. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 56.31 and a beta of 0.36. MarketAxess Holdings Inc. has a 1 year low of $420.79 and a 1 year high of $606.45.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Tuesday, July 20th. The financial services provider reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.08. The company had revenue of $176.30 million during the quarter, compared to analyst estimates of $177.56 million. MarketAxess had a net margin of 40.79% and a return on equity of 29.87%. MarketAxess’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS. Equities analysts anticipate that MarketAxess Holdings Inc. will post 7.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 18th. Investors of record on Wednesday, August 4th were paid a $0.66 dividend. The ex-dividend date was Tuesday, August 3rd. This represents a $2.64 annualized dividend and a dividend yield of 0.62%. MarketAxess’s payout ratio is 33.63%.

MKTX has been the subject of a number of research reports. Rosenblatt Securities cut their price target on shares of MarketAxess from $625.00 to $569.00 and set a “buy” rating for the company in a research note on Thursday, June 3rd. Piper Sandler cut their price target on shares of MarketAxess from $483.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, July 7th. Raymond James cut their price objective on shares of MarketAxess from $580.00 to $530.00 and set an “outperform” rating for the company in a research note on Wednesday, July 7th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of MarketAxess from $430.00 to $427.00 and set a “hold” rating for the company in a research note on Thursday, July 22nd. Finally, Morgan Stanley dropped their price target on shares of MarketAxess from $500.00 to $470.00 and set an “equal weight” rating for the company in a research report on Thursday, July 22nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, MarketAxess presently has an average rating of “Hold” and an average price target of $533.38.

In other news, insider Kevin M. Mcpherson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $476.53, for a total transaction of $2,382,650.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard M. Mcvey sold 12,117 shares of the firm’s stock in a transaction dated Monday, August 9th. The shares were sold at an average price of $484.74, for a total transaction of $5,873,594.58. Following the sale, the chief executive officer now directly owns 772,739 shares in the company, valued at approximately $374,577,502.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,902 shares of company stock valued at $8,631,608. 2.19% of the stock is owned by company insiders.

MarketAxess Company Profile

MarketAxess Holdings, Inc operates as an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties.

Further Reading: What is the Stochastic Momentum Index (SMI)?

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter.