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

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $115.12, for a total transaction of $11,512.00. Following the completion of the sale, the general counsel owned 11,686 shares in the company, valued at approximately $1,345,292.32. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, June 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $116.03, for a total transaction of $11,603.00.
• 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.

MarketAxess Price Performance

NASDAQ:MKTX traded down $0.12 on Friday, hitting $113.86. The company had a trading volume of 517,179 shares, compared to its average volume of 602,261. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 3.80 and a beta of 0.88. 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 firm has a 50 day moving average of $127.81 and a two-hundred day moving average of $158.12. MarketAxess Holdings Inc. has a 52 week low of $108.75 and a 52 week high of $219.18.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.10. The firm had revenue of $233.38 million for the quarter, compared to analysts’ expectations of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share. On average, research analysts anticipate that MarketAxess Holdings Inc. will post 7.98 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $3.12 annualized dividend and a dividend yield of 2.7%. MarketAxess’s dividend payout ratio (DPR) is 36.88%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MKTX. Primecap Management Co. CA lifted its holdings in MarketAxess by 42.4% during the 4th quarter. Primecap Management Co. CA now owns 3,175,425 shares of the financial services provider’s stock worth $575,546,000 after buying an additional 944,830 shares during the period. AQR Capital Management LLC grew its position in shares of MarketAxess by 169.0% in the 4th quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider’s stock valued at $463,655,000 after buying an additional 1,607,009 shares during the last quarter. North Reef Capital Management LP increased its stake in shares of MarketAxess by 16.5% in the first quarter. North Reef Capital Management LP now owns 1,875,000 shares of the financial services provider’s stock valued at $309,338,000 after buying an additional 265,670 shares during the period. State Street Corp increased its stake in shares of MarketAxess by 4.6% in the second quarter. State Street Corp now owns 1,532,696 shares of the financial services provider’s stock valued at $342,312,000 after buying an additional 67,290 shares during the period. Finally, Bank of Montreal Can raised its position in shares of MarketAxess by 5,086.4% during the fourth quarter. Bank of Montreal Can now owns 951,024 shares of the financial services provider’s stock worth $172,373,000 after acquiring an additional 932,687 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MKTX has been the subject of a number of recent research reports. Bank of America raised MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 target price for the company in a report on Friday, June 12th. Weiss Ratings lowered MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reduced their price target on MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Argus downgraded MarketAxess from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Morgan Stanley dropped their price objective on shares of MarketAxess from $195.00 to $129.00 and set an “equal weight” rating for the company in a report on Friday. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $167.45.

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.