19 hours Ago By ABMN Staff
Empowered Funds LLC purchased a new stake in MarketAxess Holdings Inc. ( NASDAQ:MKTX – Free Report ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,583 shares of the financial services provider’s stock, valued at approximately $358,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accent Capital Management LLC bought a new position in shares of MarketAxess in the 3rd quarter valued at about $25,000. Global X Japan Co.
Ltd. boosted its position in MarketAxess by 179.5% during the fourth quarter.
Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 70 shares during the last quarter.
Park Place Capital Corp bought a new position in MarketAxess in the fourth quarter valued at approximately $44,000. R Squared Ltd acquired a new position in shares of MarketAxess during the 4th quarter worth approximately $47,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of MarketAxess during the 3rd quarter worth approximately $54,000.
99.01% of the stock is owned by institutional investors. MarketAxess Stock Performance Shares of MKTX stock opened at $189.
81 on Friday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 26.
11, a PEG ratio of 3.96 and a beta of 1.02.
MarketAxess Holdings Inc. has a 52 week low of $188.57 and a 52 week high of $296.
68. The company has a 50-day simple moving average of $217.17 and a 200 day simple moving average of $244.
93. MarketAxess Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be issued a $0.
76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.
60%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74.
The ex-dividend date is Wednesday, February 19th. MarketAxess’s dividend payout ratio is currently 40.72%.
Analyst Ratings Changes MKTX has been the subject of several analyst reports. Piper Sandler decreased their target price on shares of MarketAxess from $265.00 to $240.
00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of MarketAxess from $258.00 to $264.
00 and gave the company a “hold” rating in a research report on Monday, November 11th. UBS Group lowered their price objective on shares of MarketAxess from $330.00 to $305.
00 and set a “buy” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of MarketAxess from $235.00 to $210.
00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods lowered their price target on MarketAxess from $251.00 to $225.
00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock has a consensus rating of “Hold” and a consensus price target of $254.78. Read Our Latest Research Report on MKTX Insiders Place Their Bets In related news, General Counsel Scott Pintoff sold 300 shares of the company’s stock in a transaction dated Monday, December 9th.
The shares were sold at an average price of $240.57, for a total value of $72,171.00.
Following the transaction, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. This represents a 3.
49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Company insiders own 2.
66% of the company’s stock. MarketAxess Profile ( Free Report ) MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.
S. high-grade bonds, U.S.
high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. Further Reading Want to see what other hedge funds are holding MKTX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. ( NASDAQ:MKTX – Free Report ). 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.
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