MarketAxess Holdings, Inc. (MKTX) Shares Bought by Monroe Bank & Trust MI
Monroe Bank & Trust MI grew its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 4.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,501 shares of the financial services provider’s stock after acquiring an additional 330 shares during the period. Monroe Bank & Trust MI’s holdings in MarketAxess Holdings were worth $1,102,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. First Personal Financial Services raised its stake in MarketAxess Holdings by 2.6% in the second quarter. First Personal Financial Services now owns 631 shares of the financial services provider’s stock worth $127,000 after buying an additional 16 shares in the last quarter. GQG Partners LLC bought a new position in MarketAxess Holdings in the second quarter worth approximately $127,000. Traynor Capital Management Inc. bought a new position in MarketAxess Holdings in the second quarter worth approximately $203,000. Sciencast Management LP raised its stake in MarketAxess Holdings by 14.4% in the second quarter. Sciencast Management LP now owns 1,226 shares of the financial services provider’s stock worth $247,000 after buying an additional 154 shares in the last quarter. Finally, TrimTabs Asset Management LLC bought a new position in MarketAxess Holdings in the second quarter worth approximately $260,000. 91.82% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on MKTX. Raymond James Financial, Inc. upped their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. BidaskClub raised MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research raised shares of MarketAxess Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $192.40.
MarketAxess Holdings, Inc. (MKTX) traded up $5.12 on Wednesday, hitting $188.41. 362,900 shares of the company traded hands, compared to its average volume of 205,820. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06. The firm has a market cap of $6,880.15, a P/E ratio of 47.12 and a beta of 0.66.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.90 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.90. The company had revenue of $96.70 million during the quarter, compared to the consensus estimate of $96.35 million. MarketAxess Holdings had a net margin of 37.67% and a return on equity of 30.12%. MarketAxess Holdings’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. analysts predict that MarketAxess Holdings, Inc. will post 3.91 earnings per share for the current year.
MarketAxess Holdings announced that its Board of Directors has authorized a share buyback plan on Wednesday, October 25th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $1.32 annualized dividend and a dividend yield of 0.70%. MarketAxess Holdings’s dividend payout ratio (DPR) is 33.93%.
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In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $178.29, for a total value of $6,240,150.00. Following the completion of the transaction, the chief executive officer now owns 1,113,076 shares of the company’s stock, valued at approximately $198,450,320.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Themelis sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $176.40, for a total transaction of $705,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 48,225 shares of company stock valued at $8,563,950. Corporate insiders own 4.02% of the company’s stock.
MarketAxess Holdings 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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