Scott Pintoff Sells 100 Shares of MarketAxess (NASDAQ:MKTX) Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of MarketAxess stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $116.03, for a total transaction of $11,603.00. Following the completion of the transaction, the general counsel directly owned 11,786 shares in the company, valued at $1,367,529.58. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Scott Pintoff also recently made the following trade(s):

• On Monday, May 11th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $146.99, for a total transaction of $14,699.00.
• On Friday, April 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $171.96, for a total transaction of $17,196.00.

MarketAxess Trading Up 3.9%

NASDAQ:MKTX opened at $120.89 on Friday. MarketAxess Holdings Inc. has a 12 month low of $113.29 and a 12 month high of $228.16. The firm has a fifty day simple moving average of $147.78 and a 200-day simple moving average of $165.33. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4.30 billion, a P/E ratio of 14.29, a PEG ratio of 3.91 and a beta of 0.86.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.15 by $0.10. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The business had revenue of $233.38 million during the quarter, compared to the consensus estimate of $231.91 million. During the same period in the previous year, the firm posted $1.87 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that MarketAxess Holdings Inc. will post 8.02 earnings per share for the current year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, May 20th. MarketAxess’s payout ratio is presently 36.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Rothschild & Co Redburn reiterated a “neutral” rating and set a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research note on Thursday. Keefe, Bruyette & Woods assumed coverage on shares of MarketAxess in a research note on Wednesday, April 8th. They set an “outperform” rating and a $195.00 price objective for the company. Argus downgraded shares of MarketAxess from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. UBS Group lowered their price objective on shares of MarketAxess from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Bank of America upgraded shares of MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 target price for the company in a research report on Friday. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $183.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. boosted its holdings in MarketAxess by 444.2% in the 3rd quarter. Jefferies Financial Group Inc. now owns 38,093 shares of the financial services provider’s stock valued at $6,638,000 after purchasing an additional 31,093 shares during the last quarter. Taylor Hoffman Capital Management LLC acquired a new position in MarketAxess in the 3rd quarter valued at about $3,361,000. Wealth Enhancement Advisory Services LLC boosted its holdings in MarketAxess by 305.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,537 shares of the financial services provider’s stock valued at $8,449,000 after purchasing an additional 35,056 shares during the last quarter. ING Groep NV boosted its holdings in MarketAxess by 655.2% in the 3rd quarter. ING Groep NV now owns 13,700 shares of the financial services provider’s stock valued at $2,387,000 after purchasing an additional 11,886 shares during the last quarter. Finally, Primecap Management Co. CA boosted its holdings in MarketAxess by 66.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,230,595 shares of the financial services provider’s stock valued at $388,681,000 after purchasing an additional 891,303 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Company 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.