1 day Ago By ABMN Staff
Commonwealth Equity Services LLC acquired a new position in shares of MarketAxess Holdings Inc. ( NASDAQ:MKTX – Free Report ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,394 shares of the financial services provider’s stock, valued at approximately $881,000.
A number of other hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC boosted its holdings in MarketAxess by 1.0% during the 1st quarter.
Yousif Capital Management LLC now owns 5,137 shares of the financial services provider’s stock worth $1,126,000 after acquiring an additional 52 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of MarketAxess by 0.7% in the 2nd quarter.
Nisa Investment Advisors LLC now owns 7,376 shares of the financial services provider’s stock worth $1,479,000 after buying an additional 52 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of MarketAxess by 155.8% in the 4th quarter.
Parallel Advisors LLC now owns 110 shares of the financial services provider’s stock worth $32,000 after buying an additional 67 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of MarketAxess by 47.4% in the 2nd quarter.
CVA Family Office LLC now owns 252 shares of the financial services provider’s stock worth $51,000 after buying an additional 81 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of MarketAxess by 0.9% in the 2nd quarter.
State of Michigan Retirement System now owns 11,121 shares of the financial services provider’s stock worth $2,230,000 after buying an additional 100 shares during the last quarter. 99.01% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Price Performance NASDAQ MKTX opened at $258.38 on Wednesday. The firm’s 50-day simple moving average is $233.
44 and its two-hundred day simple moving average is $217.22. MarketAxess Holdings Inc.
has a 52 week low of $192.42 and a 52 week high of $297.97.
The company has a market cap of $9.79 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 5.
99 and a beta of 1.07. The company has a quick ratio of 2.
91, a current ratio of 2.91 and a debt-to-equity ratio of 0.01.
MarketAxess Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.74 per share.
The ex-dividend date of this dividend was Wednesday, August 21st. This is a boost from MarketAxess’s previous quarterly dividend of $0.20.
This represents a $2.96 annualized dividend and a dividend yield of 1.15%.
MarketAxess’s dividend payout ratio is currently 43.47%. MarketAxess declared that its board has authorized a stock buyback program on Tuesday, August 6th that authorizes the company to repurchase $250.
00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 2.8% of its stock through open market purchases.
Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued. Wall Street Analysts Forecast Growth A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of MarketAxess from $222.
00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. StockNews.
com raised shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of MarketAxess from $218.00 to $223.
00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price objective on shares of MarketAxess in a report on Tuesday, August 6th.
Finally, Barclays dropped their price objective on shares of MarketAxess from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th.
Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $238.60.
View Our Latest Stock Report on MarketAxess Insider Activity In other news, insider Christophe Pierre Danie Roupie sold 617 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $231.63, for a total transaction of $142,915.
71. Following the sale, the insider now directly owns 7,409 shares in the company, valued at $1,716,146.67.
The sale was disclosed in a document filed with the SEC, which is available at this link . Company insiders own 2.66% of the company’s stock.
About MarketAxess ( 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. Featured Stories 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.
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