MarketAxess Holdings Inc. $MKTX Shares Newly Purchased by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC purchased a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,934 shares of the financial services provider’s stock, valued at approximately $3,057,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC lifted its stake in shares of MarketAxess by 34.9% in the second quarter. Tidal Investments LLC now owns 19,749 shares of the financial services provider’s stock worth $2,241,000 after acquiring an additional 5,107 shares during the period. Squarepoint Ops LLC increased its position in shares of MarketAxess by 104.7% during the second quarter. Squarepoint Ops LLC now owns 32,462 shares of the financial services provider’s stock worth $3,684,000 after buying an additional 16,604 shares during the period. Nykredit A S acquired a new position in MarketAxess in the second quarter valued at $199,000. Corient Private Wealth LP boosted its position in MarketAxess by 102.1% during the second quarter. Corient Private Wealth LP now owns 4,834 shares of the financial services provider’s stock valued at $549,000 after acquiring an additional 2,442 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in MarketAxess during the second quarter valued at $272,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Rothschild & Co Redburn reissued a “neutral” rating and issued a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research report on Thursday, June 11th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $167.00 target price (up from $150.00) on shares of MarketAxess in a research report on Tuesday, August 11th. Morgan Stanley decreased their target price on MarketAxess from $195.00 to $129.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Piper Sandler lowered their target price on MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Finally, Bank of America upgraded MarketAxess from an “underperform” rating to a “neutral” rating and set a $170.00 target price for the company in a report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $156.10.

MarketAxess Stock Up 0.0%

Shares of MKTX stock traded up $0.04 on Tuesday, hitting $163.98. The stock had a trading volume of 223,380 shares, compared to its average volume of 752,628. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85. The business has a 50 day moving average of $156.51 and a 200 day moving average of $147.78. MarketAxess Holdings Inc. has a 12-month low of $108.75 and a 12-month high of $195.96. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 2.09 and a beta of 0.83.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The company had revenue of $218.41 million for the quarter, compared to the consensus estimate of $216.70 million. During the same period in the previous year, the firm earned $2.00 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, analysts expect that MarketAxess Holdings Inc. will post 8.06 EPS for the current year.

MarketAxess Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a $0.78 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $3.12 annualized dividend and a yield of 1.9%. MarketAxess’s dividend payout ratio (DPR) is currently 36.79%.

Insiders Place Their Bets

In other news, Director William Cruger, Jr. sold 6,164 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $163.20, for a total value of $1,005,964.80. Following the completion of the transaction, the director directly owned 4,033 shares in the company, valued at approximately $658,185.60. This trade represents a 60.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 6,464 shares of company stock worth $1,050,069. 0.72% of the stock is owned by insiders.

MarketAxess Profile

MarketAxess Holdings Inc operates an electronic trading platform for institutional fixed-income markets. Through its technology, investors and dealers can trade corporate bonds, government securities, emerging-market debt and other credit products in an electronic environment designed to improve access, execution and transparency.

The company’s offerings include its Open Trading marketplace, which connects a broad network of institutional participants, as well as a range of trading protocols that support different liquidity and execution needs.