Exchange Traded Concepts LLC holds $324,000 stake in MarketAxess Holdings Inc. (NASDAQ:MKTX)


Exchange Traded Concepts LLC reduced its holdings of MarketAxess Holdings Inc. (NASDAQ: MKTX – Get Rating) stock by 87.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The company held 951 shares of the financial services provider after selling 6,461 shares during the period. Exchange Traded Concepts LLC’s holdings in MarketAxess were worth $324,000 when it last filed with the SEC.

A number of other hedge funds have also recently changed their MKTX holdings. Mutual of America Capital Management LLC increased its stake in MarketAxess by 0.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,021 shares of the financial services provider worth $2,065,000 after buying 34 additional shares in the last quarter. PFG Private Wealth Management LLC increased its stake in MarketAxess by 24.8% during the fourth quarter. PFG Private Wealth Management LLC now owns 201 shares of the financial services provider worth $83,000 after buying 40 more shares in the last quarter. Riverview Trust Co increased its stake in MarketAxess by 18.8% during the first quarter. Riverview Trust Co now owns 272 shares of the financial services provider worth $93,000 after buying 43 more shares in the last quarter. Huntington National Bank increased its stake in MarketAxess by 24.7% during the fourth quarter. Huntington National Bank now owns 222 shares of the financial services provider worth $91,000 after buying 44 more shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in MarketAxess by 0.8% during the fourth quarter. Fifth Third Bancorp now owns 5,241 shares of the financial services provider worth $2,155,000 after buying 44 more shares in the last quarter. Institutional investors and hedge funds own 96.50% of the company’s shares.

MarketAxess Price Performance

NASDAQ: MKTX opened at $266.57 on Friday. The company has a 50-day moving average of $268.78 and a 200-day moving average of $315.67. The company has a market capitalization of $9.98 billion, a PE ratio of 41.85 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.

MarketAxess (NASDAQ:MKTX – Get Rating) last released its 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. MarketAxess had a net margin of 35.13% and a return on equity of 23.46%. The company posted revenue of $186.10 million in the quarter, versus a consensus estimate of $186.34 million. In the same period a year earlier, the company posted earnings per share of $2.11. The company’s revenue for the quarter was down 4.8% year over year. On average, equity research analysts expect MarketAxess Holdings Inc. to post earnings per share of 6.91 for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 18. Investors of record on Wednesday, May 4 received a dividend of $0.70 per share. This represents an annualized dividend of $2.80 and a yield of 1.05%. The ex-dividend date was Tuesday, May 3. MarketAxess’ dividend payout ratio (DPR) is currently 43.96%.

Analyst upgrades and downgrades

A number of stock analysts have weighed in on the stock recently. Piper Sandler lowered its target price on MarketAxess shares from $300.00 to $285.00 and set a “neutral” rating for the company in a research note on Friday, July 1. Atlantic Securities cut its price target on MarketAxess shares from $340.00 to $306.00 and set a “neutral” rating for the company in a Friday, June 10 research note. Morgan Stanley cut 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 note. Raymond James downgraded MarketAxess shares from an “outperforming” rating to a “market performing” rating in a Wednesday, April 6 research note. Finally, Compass Point downgraded MarketAxess shares from a “sell” to a “neutral” rating and set a price target of $275.00 for the company in a Thursday, April 21 research note. Nine research analysts gave the stock a hold rating and one gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $328.78.

Insider buying and selling

In a similar vein, insider Christophe Pierre Danie Roupie sold 1,740 shares of the company in a trade dated Tuesday, June 7. The shares were sold at an average price of $285.03, for a total transaction of $495,952.20. Following the transaction, the insider now directly owns 5,318 shares of the company, valued at $1,515,789.54. The transaction was disclosed in a filing with the SEC, accessible via the SEC’s website. In a similar vein, insider Christophe Pierre Danie Roupie sold 1,740 shares of the company in a trade dated Tuesday, June 7. The shares were sold at an average price of $285.03, for a total transaction of $495,952.20. Following the transaction, the insider now directly owns 5,318 shares of the company, valued at $1,515,789.54. The transaction was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, director Richard Leon Prager purchased 1,000 shares of the company in a transaction that took place on Friday, April 22. The shares were purchased at an average price of $271.25 per share, for a total transaction of $271,250.00. Following the completion of the acquisition, the director now owns 2,149 shares of the company, valued at approximately $582,916.25. Disclosure of this purchase can be found here. 1.94% of the shares are held by insiders.

MarketAxess profile

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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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Want to see what other hedge funds hold MKTX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating).

Institutional ownership by quarter for MarketAxess (NASDAQ:MKTX)



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