ARP Americas LP bought a new position in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 554 shares of the financial services provider’s stock, valued at approximately $278,000.
Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new stake in shares of MarketAxess in the fourth quarter worth about $7,108,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of MarketAxess in the second quarter worth approximately $79,000. Advisors Asset Management Inc. raised its holdings in shares of MarketAxess by 50.5% in the fourth quarter. Advisors Asset Management Inc. now owns 167 shares of the financial services provider’s stock worth $63,000 after buying an additional 56 shares during the period. Bartlett & Co. LLC purchased a new stake in shares of MarketAxess in the first quarter worth approximately $58,000. Finally, Financial Architects Inc raised its holdings in shares of MarketAxess by 217.5% in the first quarter. Financial Architects Inc now owns 181 shares of the financial services provider’s stock worth $60,000 after buying an additional 124 shares during the period. Institutional investors own 93.27% of the company’s stock.
In other news, General Counsel Scott Pintoff sold 250 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $481.13, for a total transaction of $120,282.50. Following the completion of the sale, the general counsel now owns 8,089 shares in the company, valued at approximately $3,891,860.57. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christophe Pierre Danie Roupie sold 1,920 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $457.00, for a total value of $877,440.00. Following the sale, the insider now owns 10,914 shares of the company’s stock, valued at approximately $4,987,698. The disclosure for this sale can be found here. Insiders have sold a total of 29,170 shares of company stock worth $14,047,103 in the last ninety days. Insiders own 3.05% of the company’s stock.
MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.08. The business had revenue of $184.80 million for the quarter, compared to analysts’ expectations of $185.16 million. MarketAxess had a return on equity of 33.75% and a net margin of 42.74%. During the same quarter last year, the firm earned $1.27 EPS. On average, research analysts predict that MarketAxess Holdings Inc. will post 7.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Wednesday, August 5th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $2.40 annualized dividend and a yield of 0.46%. MarketAxess’s dividend payout ratio (DPR) is presently 44.44%.
Several equities research analysts have recently weighed in on the company. Deutsche Bank increased their price target on MarketAxess from $535.00 to $555.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. Piper Sandler increased their price target on MarketAxess from $520.00 to $535.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Rosenblatt Securities increased their price objective on MarketAxess from $455.00 to $465.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Credit Suisse Group increased their price objective on MarketAxess from $410.00 to $448.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Finally, BidaskClub cut MarketAxess from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $403.00.
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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