MarketAxess Holdings Inc. (MKTX) to Issue Quarterly Dividend of $0.78 on March 4th

MarketAxess Holdings Inc. (NASDAQ:MKTX) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Wednesday, February 18th will be paid a dividend of 0.78 per share by the financial services provider on Wednesday, March 4th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a 2.6% increase from MarketAxess’s previous quarterly dividend of $0.76.

MarketAxess has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. MarketAxess has a payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect MarketAxess to earn $8.72 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 35.8%.

MarketAxess Stock Performance

NASDAQ:MKTX opened at $179.36 on Monday. MarketAxess has a 1-year low of $156.17 and a 1-year high of $232.84. The company has a current ratio of 3.42, a quick ratio of 2.60 and a debt-to-equity ratio of 0.19. The stock has a market cap of $6.67 billion, a P/E ratio of 26.93, a PEG ratio of 4.37 and a beta of 0.97. The stock has a 50 day simple moving average of $174.77 and a 200 day simple moving average of $175.92.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.04). The business had revenue of $209.41 million during the quarter, compared to analyst estimates of $214.06 million. MarketAxess had a return on equity of 20.88% and a net margin of 29.14%.MarketAxess’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS. Research analysts anticipate that MarketAxess will post 7.79 earnings per share for the current year.

Institutional Investors Weigh In On MarketAxess

A number of institutional investors and hedge funds have recently modified their holdings of MKTX. Mariner LLC boosted its stake in MarketAxess by 381.0% during the fourth quarter. Mariner LLC now owns 59,260 shares of the financial services provider’s stock valued at $10,748,000 after buying an additional 46,940 shares during the period. Focus Partners Wealth grew its position in MarketAxess by 196.1% in the fourth quarter. Focus Partners Wealth now owns 14,146 shares of the financial services provider’s stock worth $2,564,000 after acquiring an additional 9,368 shares in the last quarter. FJ Capital Management LLC purchased a new position in MarketAxess in the fourth quarter worth $3,671,000. Fieldview Capital Management LLC bought a new position in MarketAxess in the fourth quarter valued at $396,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of MarketAxess during the 4th quarter valued at about $289,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.