18,164 Shares in MarketAxess Holdings Inc. $MKTX Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 18,164 shares of the financial services provider’s stock, valued at approximately $3,165,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MKTX. Primecap Management Co. CA increased its stake in shares of MarketAxess by 66.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,230,595 shares of the financial services provider’s stock worth $388,681,000 after acquiring an additional 891,303 shares in the last quarter. State Street Corp boosted its stake in MarketAxess by 4.6% during the second quarter. State Street Corp now owns 1,532,696 shares of the financial services provider’s stock worth $342,312,000 after acquiring an additional 67,290 shares in the last quarter. Geode Capital Management LLC grew its holdings in MarketAxess by 0.6% in the second quarter. Geode Capital Management LLC now owns 1,141,198 shares of the financial services provider’s stock worth $254,460,000 after purchasing an additional 6,448 shares during the period. AQR Capital Management LLC grew its holdings in MarketAxess by 485.6% in the second quarter. AQR Capital Management LLC now owns 758,462 shares of the financial services provider’s stock worth $167,195,000 after purchasing an additional 628,954 shares during the period. Finally, Norges Bank bought a new position in shares of MarketAxess during the second quarter valued at approximately $114,593,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley cut their price target on MarketAxess from $204.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Barclays dropped their target price on MarketAxess from $182.00 to $178.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Keefe, Bruyette & Woods raised their price target on MarketAxess from $194.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, November 10th. Argus lowered their price target on MarketAxess from $212.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Finally, Zacks Research raised shares of MarketAxess from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $200.40.

MarketAxess Trading Up 0.8%

Shares of NASDAQ:MKTX opened at $193.61 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.80. MarketAxess Holdings Inc. has a 1 year low of $156.17 and a 1 year high of $232.84. The company has a market cap of $6.88 billion, a P/E ratio of 29.07, a PEG ratio of 4.17 and a beta of 0.93. The stock’s fifty day moving average price is $176.11 and its 200-day moving average price is $175.00.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.04). The business had revenue of $209.41 million during the quarter, compared to the consensus estimate of $214.06 million. MarketAxess had a return on equity of 20.88% and a net margin of 29.14%.MarketAxess’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 earnings per share. Sell-side analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a dividend yield of 1.6%. MarketAxess’s dividend payout ratio is presently 46.85%.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.