Kornitzer Capital Management Inc. KS lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 285.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,186 shares of the financial services provider’s stock after acquiring an additional 26,066 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in MarketAxess were worth $11,523,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MKTX. FMR LLC boosted its stake in shares of MarketAxess by 128.2% during the 1st quarter. FMR LLC now owns 127,669 shares of the financial services provider’s stock worth $31,417,000 after acquiring an additional 71,732 shares in the last quarter. Gulf International Bank UK Ltd bought a new stake in shares of MarketAxess during the 2nd quarter worth $3,077,000. XR Securities LLC purchased a new stake in shares of MarketAxess in the second quarter valued at $219,000. Xact Kapitalforvaltning AB lifted its holdings in shares of MarketAxess by 5.2% in the second quarter. Xact Kapitalforvaltning AB now owns 6,044 shares of the financial services provider’s stock valued at $1,943,000 after purchasing an additional 300 shares in the last quarter. Finally, Evolution Wealth Advisors LLC purchased a new stake in shares of MarketAxess in the second quarter valued at $78,000. 98.81% of the stock is owned by institutional investors and hedge funds.
MKTX has been the topic of a number of recent research reports. Barclays set a $325.00 target price on MarketAxess and gave the stock a “hold” rating in a research report on Friday, October 11th. Deutsche Bank lifted their target price on MarketAxess from $347.00 to $349.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their target price on MarketAxess from $318.00 to $339.00 and gave the stock a “hold” rating in a research report on Friday, September 27th. BidaskClub raised MarketAxess from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 2nd. Finally, ValuEngine downgraded MarketAxess from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the company. MarketAxess currently has a consensus rating of “Hold” and a consensus price target of $296.67.
MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $130.00 million. MarketAxess had a net margin of 40.58% and a return on equity of 30.89%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 earnings per share. Equities analysts predict that MarketAxess Holdings Inc. will post 5.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.51 per share. This is a boost from MarketAxess’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $2.04 dividend on an annualized basis and a yield of 0.59%. MarketAxess’s dividend payout ratio (DPR) is currently 44.64%.
In other MarketAxess news, Director Richard Leon Prager purchased 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $358.49 per share, for a total transaction of $358,490.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.28% of the stock is owned by company insiders.
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.
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