183 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Purchased by Capital Asset Advisory Services LLC


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Capital Asset Advisory Services LLC purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 4th quarter, Holdings Channel reports. The fund purchased 183 shares of the financial services provider’s stock, valued at approximately $104,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MKTX. FMR LLC lifted its holdings in shares of MarketAxess by 128.2% in the first quarter. FMR LLC now owns 127,669 shares of the financial services provider’s stock valued at $31,417,000 after purchasing an additional 71,732 shares in the last quarter. Morgan Stanley lifted its holdings in shares of MarketAxess by 33.7% in the third quarter. Morgan Stanley now owns 44,043 shares of the financial services provider’s stock valued at $21,212,000 after purchasing an additional 11,113 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of MarketAxess by 23.5% in the third quarter. Public Sector Pension Investment Board now owns 4,804 shares of the financial services provider’s stock valued at $2,314,000 after purchasing an additional 914 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of MarketAxess by 34.0% in the third quarter. Advisors Asset Management Inc. now owns 197 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 50 shares in the last quarter. Finally, Polar Capital LLP lifted its holdings in shares of MarketAxess by 112.1% in the third quarter. Polar Capital LLP now owns 14,872 shares of the financial services provider’s stock valued at $7,162,000 after purchasing an additional 7,860 shares in the last quarter. 90.76% of the stock is currently owned by institutional investors.

In other news, insider Nicholas Themelis sold 4,000 shares of the stock in a transaction on Friday, March 5th. The shares were sold at an average price of $478.01, for a total value of $1,912,040.00. Following the completion of the sale, the insider now owns 20,687 shares of the company’s stock, valued at $9,888,592.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Scott Pintoff sold 250 shares of the stock in a transaction on Monday, February 8th. The stock was sold at an average price of $572.32, for a total transaction of $143,080.00. Following the completion of the sale, the general counsel now directly owns 6,473 shares of the company’s stock, valued at approximately $3,704,627.36. The disclosure for this sale can be found here. Insiders have sold 26,750 shares of company stock valued at $13,795,995 in the last ninety days. 3.05% of the stock is currently owned by company insiders.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of MarketAxess from a “buy” rating to a “hold” rating and set a $590.00 price target on the stock. in a report on Thursday, December 31st. Rosenblatt Securities upped their price objective on shares of MarketAxess from $588.00 to $605.00 and gave the company a “buy” rating in a research note on Monday, February 1st. Morgan Stanley reduced their price objective on shares of MarketAxess from $606.00 to $579.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 31st. Piper Sandler reduced their price objective on shares of MarketAxess from $580.00 to $545.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, William Blair reissued a “market perform” rating on shares of MarketAxess in a research note on Wednesday, January 20th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $574.89.

Shares of MKTX stock opened at $521.01 on Thursday. MarketAxess Holdings Inc. has a one year low of $378.02 and a one year high of $606.45. The company has a 50 day moving average price of $525.08 and a 200 day moving average price of $534.75. The firm has a market capitalization of $19.80 billion, a price-to-earnings ratio of 71.76 and a beta of 0.41.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Wednesday, January 27th. The financial services provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.84 by $0.07. MarketAxess had a net margin of 42.73% and a return on equity of 33.35%. The firm had revenue of $171.35 million during the quarter, compared to analyst estimates of $141.27 million. During the same quarter in the prior year, the business posted $1.32 earnings per share. MarketAxess’s revenue for the quarter was up 32.0% compared to the same quarter last year. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 24th. Investors of record on Wednesday, February 10th were given a dividend of $0.66 per share. This is a positive change from MarketAxess’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. MarketAxess’s dividend payout ratio is 48.89%.

About MarketAxess

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.

Further Reading: Dividend Kings

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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