Robeco Institutional Asset Management BV buys 937 shares of MarketAxess Holdings Inc. (NASDAQ: MKTX)
Robeco Institutional Asset Management BV increased its position in MarketAxess Holdings Inc. (NASDAQ: MKTX – Get Rating) by 13,385.7% in Q1, according to its latest SEC filing. The fund held 944 shares of the financial services provider after buying an additional 937 shares during the period. Robeco Institutional Asset Management BV’s holdings in MarketAxess were worth $321,000 when it was last filed with the SEC.
A number of other hedge funds and other institutional investors also bought and sold shares of the company. Sageworth Trust Co of South Dakota acquired a new stock position from MarketAxess during Q4 worth approximately $39,000. CVA Family Office LLC bought a new stock position from MarketAxess in the fourth quarter worth about $60,000. Exane Derivatives increased its stake in MarketAxess shares by 37.4% in the 1st quarter. Exane Derivatives now owns 202 shares of the financial services provider worth $69,000 after buying 55 more shares in the last quarter. JJJ Advisors Inc. increased its holdings of MarketAxess shares by 198.4% during the 4th quarter. JJJ Advisors Inc. now owns 188 shares of the financial services provider worth $77,000 after purchasing an additional 125 shares during the period. Finally, PFG Private Wealth Management LLC increased its holdings in MarketAxess shares by 24.8% during the 4th quarter. PFG Private Wealth Management LLC now owns 201 shares of the financial services provider worth $83,000 after purchasing 40 additional shares during the period. Institutional investors hold 96.50% of the company’s shares.
Stock MarketAxess up 2.4%
MKTX stock opened at $266.57 on Friday. MarketAxess Holdings Inc. has a 52-week low of $249.01 and a 52-week high of $498.97. The company has a 50-day simple moving average of $268.75 and a 200-day simple moving average of $316.70. The company has a market capitalization of $9.98 billion, a PE ratio of 41.85 and a beta of 0.59.
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. The company posted revenue of $186.10 million in the quarter, compared to $186.34 million expected by analysts. MarketAxess had a net margin of 35.13% and a return on equity of 23.46%. The company’s revenue for the quarter was down 4.8% from the same quarter last year. During the same period of the previous year, the company achieved EPS of $2.11. On average, analysts expect MarketAxess Holdings Inc. to post EPS of 6.91 for the current fiscal year.
MarketAxess Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 18. Shareholders of record on Wednesday, May 4 received a dividend of $0.70. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Tuesday, May 3. MarketAxess’ dividend payout ratio is currently 43.96%.
Wall Street analysts predict growth
Several equity research analysts have published reports on MKTX shares. Piper Sandler cut her price target on MarketAxess shares from $300.00 to $285.00 and set a “neutral” rating for the company in a research report on Friday, July 1. Deutsche Bank Aktiengesellschaft raised its price target on MarketAxess from $270.00 to $284.00 and gave the stock a “holding” rating in a report on Wednesday. Compass Point upgraded MarketAxess from a “sell” rating to a “neutral” rating and set a price target of $275.00 on the stock in a Thursday, April 21 report. Credit Suisse Group lowered its price target on MarketAxess from $316.00 to $305.00 and set a “neutral” rating for the company in a Thursday, July 7 report. Finally, 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 note. Nine research analysts gave the stock a hold rating and one issued the company’s stock a buy rating. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $328.78.
In other MarketAxess news, Director Richard Leon Prager acquired 1,000 shares of the company in a deal that took place on Friday, April 22. The shares were acquired at an average cost of $271.25 per share, for a total transaction of $271,250.00. As a result of the transaction, the administrator now directly owns 2,149 shares of the company, valued at $582,916.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. In related news, director Richard Leon Prager bought 1,000 shares of the company in a trade 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 acquisition, the director now owns 2,149 shares of the company, valued at approximately $582,916.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, insider Christophe Pierre Danie Rupie sold 1,740 shares in a trade that took place on Tuesday, June 7. The shares were 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 approximately $1,515,789.54. The disclosure of this sale can be found here. Company insiders hold 1.94% of the company’s shares.
About Market Axess
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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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