AE Wealth Management LLC acquires 1,012 shares of MarketAxess Holdings Inc. (NASDAQ: MKTX)
AE Wealth Management LLC increased its holdings of MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) stock by 150.4% in the first quarter, according to its latest disclosure to the Securities & Exchange Commission. The company held 1,685 shares of the financial services provider after buying an additional 1,012 shares during the quarter. AE Wealth Management LLC’s holdings in MarketAxess were worth $573,000 at the end of the most recent reporting period.
Other hedge funds have also recently increased or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in MarketAxess shares by 16.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,662 shares of the financial services provider valued at $7,009,000 after acquiring an additional 2,449 shares during the period. Sierra Capital LLC purchased a new stock position from MarketAxess in the fourth quarter worth approximately $111,000. Lakehouse Capital Pty Ltd increased its position in MarketAxess shares by 8.1% in the fourth quarter. Lakehouse Capital Pty Ltd now owns 32,326 shares of the financial services provider valued at $13,295,000 after acquiring an additional 2,429 shares during the period. Stevens Capital Management LP bought a new position in shares of MarketAxess in the fourth quarter worth approximately $461,000. Finally, CWM LLC bought a new position in shares of MarketAxess in the fourth quarter worth approximately $113,000. Institutional investors hold 96.50% of the company’s shares.
MKTX stock opened at $266.11 on Friday. The company has a market capitalization of $9.97 billion, a PE ratio of 41.78 and a beta of 0.59. MarketAxess Holdings Inc. has a 1-year low of $249.01 and a 1-year high of $498.97. The company’s 50-day moving average price is $269.65 and its two-hundred-day moving average price is $320.90.
MarketAxess (NASDAQ:MKTX – Get Rating) last released its quarterly results on Wednesday, April 20. The financial services provider reported EPS of $1.73 for the quarter, beating the consensus estimate of $1.70 by $0.03. The company posted revenue of $186.10 million for the quarter, versus a consensus estimate of $186.34 million. MarketAxess had a net margin of 35.13% and a return on equity of 23.46%. The company’s revenue fell 4.8% from the same quarter last year. During the same period last year, the firm posted earnings per share of $2.11. As a group, equity analysts expect MarketAxess Holdings Inc. to post EPS of 6.94 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 18. Investors of record on Wednesday, May 4 received a dividend of $0.70. This represents an annualized dividend of $2.80 and a dividend yield of 1.05%. The ex-dividend date was Tuesday, May 3. The MarketAxess payout ratio is 43.96%.
In other news, Director Richard Leon Prager bought 1,000 shares of the company in a deal that took place on Friday, April 22. The shares were purchased at an average cost of $271.25 per share, with a total value of $271,250.00. Following the completion of the purchase, the director now directly owns 2,149 shares of the company, valued at $582,916.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Additionally, insider Christophe Pierre Danie Rupie sold 1,740 MarketAxess shares in a trade on Tuesday, June 7. The stock was sold at an average price of $285.03, for a total transaction of $495,952.20. Following the completion of the transaction, the insider now directly owns 5,318 shares of the company, valued at $1,515,789.54. The disclosure of this sale can be found here. 1.94% of the shares are held by insiders.
Several equity research analysts have released reports on the stock. Compass Point upgraded MarketAxess shares from a “sell” rating to a “neutral” rating and set a target price of $275.00 for the company in a Thursday, April 21 research report. Jefferies Financial Group lowered its price target on MarketAxess shares from $315.00 to $300.00 and set a “holding” rating for the company in a Monday, June 27 research report. StockNews.com took over stock coverage from MarketAxess in a Thursday, March 31 research report. They set a “holding” rating for the company. Rosenblatt Securities raised its price target on MarketAxess shares from $383.00 to $395.00 and gave the company a “buy” rating in a Thursday, April 21 research report. Finally, Morgan Stanley lowered its price target on MarketAxess shares from $361.00 to $338.00 and set an “equal weight” rating for the company in a Tuesday, July 5 research report. Nine research analysts gave the stock a hold rating and one gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $327.22.
About Market Axess (Get a rating)
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investors and brokerage firms worldwide. It provides access to liquidity in investment-grade US bonds, US high-yield bonds and US Treasuries, as well as municipal bonds, emerging market debt, Eurobonds and other fixed-income securities. fixed income.
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