Catalyst Capital Advisors LLC Buys 10,000 Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX)
Catalyst Capital Advisors LLC increased its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 18.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,000 shares of the financial services provider’s stock after buying an additional 10,000 shares during the period. MarketAxess Holdings comprises approximately 0.6% of Catalyst Capital Advisors LLC’s portfolio, making the stock its 17th largest position. Catalyst Capital Advisors LLC’s holdings in MarketAxess Holdings were worth $13,072,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of MKTX. BlackRock Inc. boosted its position in shares of MarketAxess Holdings by 16,586.2% in the first quarter. BlackRock Inc. now owns 3,000,674 shares of the financial services provider’s stock valued at $562,595,000 after buying an additional 2,982,691 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of MarketAxess Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock valued at $535,390,000 after buying an additional 134,735 shares in the last quarter. State Street Corp boosted its position in shares of MarketAxess Holdings by 2.3% in the first quarter. State Street Corp now owns 980,810 shares of the financial services provider’s stock valued at $183,883,000 after buying an additional 22,091 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of MarketAxess Holdings by 7.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 762,938 shares of the financial services provider’s stock valued at $143,043,000 after buying an additional 52,903 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of MarketAxess Holdings by 9.5% in the first quarter. American Century Companies Inc. now owns 544,281 shares of the financial services provider’s stock valued at $102,047,000 after buying an additional 47,254 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) opened at 192.46 on Friday. The stock’s 50 day moving average is $198.90 and its 200 day moving average is $192.04. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 50.62 and a beta of 0.69. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $96.42 million. During the same quarter last year, the business earned $0.88 earnings per share. MarketAxess Holdings’s revenue was up .7% compared to the same quarter last year. On average, equities analysts expect that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.69%. MarketAxess Holdings’s dividend payout ratio (DPR) is currently 34.65%.
MKTX has been the topic of several recent research reports. BidaskClub upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Keefe, Bruyette & Woods restated a “buy” rating and set a $210.00 target price on shares of MarketAxess Holdings in a report on Friday, July 14th. Raymond James Financial, Inc. lifted their price target on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $221.00 price target on the stock in a research report on Monday, May 1st. One 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 issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $197.17.
In related news, CEO Richard M. Mcvey sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the sale, the chief executive officer now owns 1,108,142 shares in the company, valued at $220,110,245.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen P. Casper sold 230 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $184.70, for a total transaction of $42,481.00. Following the sale, the director now owns 50,464 shares in the company, valued at approximately $9,320,700.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,112 shares of company stock worth $7,008,718. 4.51% of the stock is owned by company insiders.
MarketAxess Holdings Company Profile
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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