Bbva Compass Bancshares Inc. Lowers Stake in MarketAxess Holdings, Inc. (MKTX)
Bbva Compass Bancshares Inc. reduced its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,302 shares of the financial services provider’s stock after selling 31 shares during the period. Bbva Compass Bancshares Inc.’s holdings in MarketAxess Holdings were worth $262,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. First Citizens Bank & Trust Co. acquired a new position in shares of MarketAxess Holdings during the first quarter valued at about $391,000. Profund Advisors LLC raised its position in shares of MarketAxess Holdings by 4.8% in the first quarter. Profund Advisors LLC now owns 5,765 shares of the financial services provider’s stock valued at $1,081,000 after buying an additional 263 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of MarketAxess Holdings by 1.1% in the first quarter. Nationwide Fund Advisors now owns 240,950 shares of the financial services provider’s stock valued at $45,176,000 after buying an additional 2,531 shares during the last quarter. Westwood Management Corp IL acquired a new position in shares of MarketAxess Holdings during the first quarter valued at about $562,000. Finally, Navellier & Associates Inc raised its position in shares of MarketAxess Holdings by 5.4% in the first quarter. Navellier & Associates Inc now owns 27,902 shares of the financial services provider’s stock valued at $5,231,000 after buying an additional 1,427 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (MKTX) opened at 199.05 on Thursday. MarketAxess Holdings, Inc. has a 12 month low of $145.10 and a 12 month high of $211.06. The company’s 50-day moving average is $199.36 and its 200 day moving average is $191.75. The stock has a market capitalization of $7.47 billion, a P/E ratio of 52.35 and a beta of 0.69.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The firm had revenue of $97.31 million for the quarter, compared to the consensus estimate of $96.42 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts predict that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.66%. MarketAxess Holdings’s dividend payout ratio (DPR) is currently 34.65%.
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Several brokerages recently issued reports on MKTX. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Raymond James Financial, Inc. increased their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $205.00 price target on shares of MarketAxess Holdings in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $197.17.
In other news, insider Kevin M. Mcpherson sold 9,286 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $201.35, for a total transaction of $1,869,736.10. Following the transaction, the insider now owns 90,929 shares in the company, valued at $18,308,554.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Themelis sold 5,596 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $200.84, for a total transaction of $1,123,900.64. Following the transaction, the insider now owns 67,763 shares in the company, valued at approximately $13,609,520.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,112 shares of company stock worth $3,036,118. Corporate insiders own 4.51% of the company’s stock.
About MarketAxess Holdings
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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