Robeco Institutional Asset Management B.V. Reduces Stock Position in MarketAxess Holdings Inc. $MKTX

Robeco Institutional Asset Management B.V. lessened its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the financial services provider’s stock after selling 15,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of MarketAxess worth $10,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. grew its holdings in shares of MarketAxess by 3.2% in the third quarter. D.A. Davidson & CO. now owns 18,835 shares of the financial services provider’s stock worth $3,282,000 after purchasing an additional 585 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in MarketAxess in the 3rd quarter worth about $201,000. Salomon & Ludwin LLC bought a new position in MarketAxess in the 3rd quarter worth about $53,000. Mather Group LLC. purchased a new position in shares of MarketAxess during the third quarter worth approximately $80,000. Finally, Blue Trust Inc. raised its stake in shares of MarketAxess by 262.2% during the third quarter. Blue Trust Inc. now owns 355 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 257 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MKTX shares. Barclays dropped their price objective on MarketAxess from $188.00 to $182.00 and set an “equal weight” rating on the stock in a research note on Thursday. Loop Capital set a $164.00 price target on MarketAxess in a research report on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of MarketAxess in a research note on Monday, December 29th. Zacks Research upgraded MarketAxess from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Morgan Stanley dropped their target price on shares of MarketAxess from $209.00 to $204.00 and set an “equal weight” rating on the stock in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $202.91.

MarketAxess Trading Down 1.7%

MKTX opened at $168.77 on Friday. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 28.70, a PEG ratio of 5.74 and a beta of 0.97. MarketAxess Holdings Inc. has a 12 month low of $156.17 and a 12 month high of $232.84. The stock has a fifty day moving average price of $172.20 and a 200-day moving average price of $184.33.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. The company had revenue of $208.82 million for the quarter, compared to analyst estimates of $212.59 million. MarketAxess had a return on equity of 20.20% and a net margin of 26.16%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.90 earnings per share. On average, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current year.

MarketAxess Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Investors of record on Wednesday, November 19th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $3.04 dividend on an annualized basis and a yield of 1.8%. MarketAxess’s dividend payout ratio is presently 51.70%.

MarketAxess Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.