Jefferies Group LLC bought a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,849 shares of the financial services provider’s stock, valued at approximately $687,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its stake in MarketAxess by 22.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,654 shares of the financial services provider’s stock valued at $1,910,000 after acquiring an additional 1,740 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of MarketAxess in the 2nd quarter worth about $205,000. Virginia Retirement Systems ET AL lifted its position in shares of MarketAxess by 140.7% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 6,500 shares of the financial services provider’s stock worth $1,286,000 after buying an additional 3,800 shares during the last quarter. Sei Investments Co. lifted its position in shares of MarketAxess by 121.6% in the 2nd quarter. Sei Investments Co. now owns 64,045 shares of the financial services provider’s stock worth $12,673,000 after buying an additional 35,142 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of MarketAxess by 35.1% in the 2nd quarter. SG Americas Securities LLC now owns 7,582 shares of the financial services provider’s stock worth $1,500,000 after buying an additional 1,969 shares during the last quarter. Institutional investors own 99.27% of the company’s stock.

MKTX has been the topic of a number of recent research reports. Barclays initiated coverage on shares of MarketAxess in a research report on Friday, September 7th. They issued an “equal weight” rating and a $200.00 price target on the stock. BidaskClub upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Goldman Sachs Group initiated coverage on shares of MarketAxess in a research report on Monday, November 5th. They issued a “sell” rating on the stock. ValuEngine upgraded shares of MarketAxess from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, Zacks Investment Research downgraded shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $214.71.

In related news, insider Kevin M. Mcpherson sold 2,500 shares of MarketAxess stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total value of $542,225.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard M. Mcvey sold 23,842 shares of MarketAxess stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total transaction of $5,052,835.06. Following the completion of the sale, the chief executive officer now owns 1,054,986 shares in the company, valued at $223,583,182.98. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.

MarketAxess stock opened at $226.50 on Friday. MarketAxess Holdings Inc. has a 1 year low of $172.09 and a 1 year high of $231.33. The stock has a market capitalization of $8.51 billion, a PE ratio of 53.29, a price-to-earnings-growth ratio of 10.06 and a beta of 0.09.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.09. The firm had revenue of $101.44 million for the quarter, compared to the consensus estimate of $101.19 million. MarketAxess had a net margin of 37.97% and a return on equity of 29.40%. MarketAxess’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.90 EPS. On average, research analysts anticipate that MarketAxess Holdings Inc. will post 4.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were given a $0.42 dividend. The ex-dividend date was Tuesday, November 6th. This represents a $1.68 annualized dividend and a yield of 0.74%. MarketAxess’s dividend payout ratio is presently 43.08%.

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MarketAxess Company Profile

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 the access to global liquidity in U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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