MarketAxess Holdings, Inc. (MKTX) Shares Sold by Jaffetilchin Investment Partners LLC
Jaffetilchin Investment Partners LLC lowered its position in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 12.2% during the second quarter, Holdings Channel reports. The fund owned 3,648 shares of the financial services provider’s stock after selling 506 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in MarketAxess Holdings were worth $734,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cutler Group LP purchased a new position in MarketAxess Holdings during the second quarter worth about $110,000. Traynor Capital Management Inc. purchased a new position in MarketAxess Holdings during the second quarter worth about $203,000. Puzo Michael J purchased a new position in MarketAxess Holdings during the first quarter worth about $212,000. Gardiner Nancy B purchased a new position in MarketAxess Holdings during the first quarter worth about $224,000. Finally, Independence Trust CO purchased a new position in MarketAxess Holdings during the first quarter worth about $240,000. 90.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at 192.49 on Wednesday. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 50.63 and a beta of 0.69. The firm’s 50-day moving average price is $198.43 and its 200-day moving average price is $192.58. MarketAxess Holdings, Inc. has a 12 month low of $145.10 and a 12 month high of $211.06.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $97.31 million during the quarter, compared to the consensus estimate of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share. On average, equities analysts anticipate that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.69%. MarketAxess Holdings’s dividend payout ratio (DPR) is currently 34.65%.
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A number of equities analysts recently weighed in on the company. Raymond James Financial, Inc. increased their price target on MarketAxess Holdings from $216.00 to $219.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Zacks Investment Research lowered MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. BidaskClub upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $210.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $197.17.
In other MarketAxess Holdings news, insider Nicholas Themelis sold 5,596 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $200.84, for a total value of $1,123,900.64. Following the completion of the sale, the insider now directly owns 67,763 shares in the company, valued at $13,609,520.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin M. Mcpherson sold 9,286 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $201.35, for a total value of $1,869,736.10. Following the completion of the sale, the insider now owns 90,929 shares of the company’s stock, valued at $18,308,554.15. The disclosure for this sale can be found here. Insiders sold 34,882 shares of company stock valued at $6,966,237 over the last 90 days. Corporate insiders own 4.51% of the company’s stock.
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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