MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives Consensus Rating of “Hold” from Analysts

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating) received a consensus rating of “Hold” from the eleven analysts who currently cover the company, Marketbeat Ratings reports. One investment analyst rated the stock with a sell recommendation and nine issued a hold recommendation on the company. The 12-month average price target among brokerages that have reported on the stock over the past year is $285.75.

MKTX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised its price target on MarketAxess from $286.00 to $292.00 and gave the company a “holding” rating in a Friday, August 12 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 report. Morgan Stanley lowered its price target on MarketAxess shares from $338.00 to $325.00 and set an “equal weight” rating for the company in a Tuesday, July 19 report. Atlantic Securities raised its price target on MarketAxess shares from $280.00 to $290.00 and gave the company a “neutral” rating in a Friday, Aug. 19 report. Finally, Credit Suisse Group lowered its price target on MarketAxess shares from $305.00 to $288.00 and set a “neutral” rating for the company in a Wednesday, September 7 report.

MarketAxess shares down 1.8%

NASDAQ: MKTX opened at $252.10 on Friday. MarketAxess has a 12-month low of $235.42 and a 12-month high of $434.14. The company has a market capitalization of $9.49 billion, a PE ratio of 39.51 and a beta of 0.61. The company has a 50-day moving average price of $261.59 and a 200-day moving average price of $280.77.

MarketAxess (NASDAQ:MKTX – Get Rating) last released quarterly earnings data on Wednesday, July 20. The financial services provider reported EPS of $1.78 for the quarter, beating consensus analyst estimates of $1.71 by $0.07. MarketAxess had a return on equity of 23.55% and a net margin of 34.77%. The company posted revenue of $182.20 million in the quarter, versus a consensus estimate of $185.24 million. In the same quarter a year earlier, the company posted earnings per share of $1.77. The company’s revenue increased 3.3% year-over-year. On average, research analysts expect MarketAxess to post EPS of 6.62 for the current year.

MarketAxess Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17. Shareholders of record on Wednesday August 3 received a dividend of $0.70 per share. This represents an annualized dividend of $2.80 and a dividend yield of 1.11%. The ex-dividend date was Tuesday, August 2. MarketAxess’ dividend payout ratio (DPR) is currently 43.89%.

Institutional entries and exits

Large investors have recently changed their stock holdings. GUARDCAP ASSET MANAGEMENT Ltd increased its position in MarketAxess shares by 34.2% in the 2nd quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,961,561 shares of the financial services provider worth $502,179,000 after acquiring an additional 499,907 shares in the last quarter. Primecap Management Co. CA increased its stake in MarketAxess shares by 46.9% in the 2nd quarter. Primecap Management Co. CA now owns 807,350 shares of the financial services provider worth $206,690,000 after purchasing an additional 257,850 shares in the last quarter. Bridgewater Associates LP increased its equity stake in MarketAxess by 405.0% in Q2. Bridgewater Associates LP now owns 235,658 shares of the financial services provider worth $60,331,000 after buying an additional 188,994 shares in the last quarter. Deutsche Bank AG increased its position in MarketAxess by 121.4% in the second quarter. Deutsche Bank AG now owns 248,671 shares of the financial services provider worth $63,661,000 after buying an additional 136,342 shares last quarter. Finally, Federated Hermes Inc. increased its stake in MarketAxess by 7,823.8% in the 2nd quarter. Federated Hermes Inc. now owns 131,694 shares of the financial services provider worth $33,715,000 after acquiring an additional 130,032 shares last quarter. Hedge funds and other institutional investors own 95.62% of the company’s shares.

About Market Axess

(Get an evaluation)

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.

Further reading

Analyst Recommendations for MarketAxess (NASDAQ:MKTX)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider MarketAxess, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and MarketAxess didn’t make the list.

While MarketAxess currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.