Robeco Institutional Asset Management B.V. Sells 7,900 Shares of MarketAxess Holdings, Inc. (MKTX)
Robeco Institutional Asset Management B.V. cut its position in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 24.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,472 shares of the financial services provider’s stock after selling 7,900 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of MarketAxess Holdings worth $4,922,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. raised its position in MarketAxess Holdings by 16,586.2% in the first quarter. BlackRock Inc. now owns 3,000,674 shares of the financial services provider’s stock worth $562,595,000 after buying an additional 2,982,691 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MarketAxess Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 2,855,565 shares of the financial services provider’s stock worth $535,390,000 after buying an additional 134,735 shares during the last quarter. State Street Corp increased its stake in shares of MarketAxess Holdings by 2.3% in the first quarter. State Street Corp now owns 980,810 shares of the financial services provider’s stock worth $183,883,000 after buying an additional 22,091 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of MarketAxess Holdings by 7.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 762,938 shares of the financial services provider’s stock worth $143,043,000 after buying an additional 52,903 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in shares of MarketAxess Holdings by 0.4% in the second quarter. Van Berkom & Associates Inc. now owns 461,115 shares of the financial services provider’s stock worth $92,730,000 after buying an additional 1,790 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.
Shares of MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at 188.98 on Friday. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06. The stock has a market capitalization of $7.09 billion, a P/E ratio of 49.71 and a beta of 0.70. The firm has a 50-day moving average price of $195.95 and a 200-day moving average price of $192.82.
MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. The business had revenue of $97.31 million for the quarter, compared to analysts’ expectations of $96.42 million. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. On average, analysts predict that MarketAxess Holdings, Inc. will post $4.12 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.70%. MarketAxess Holdings’s payout ratio is 34.65%.
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MKTX has been the subject of a number of research analyst reports. BidaskClub downgraded MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. 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 downgraded MarketAxess Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $205.00 price target on shares of MarketAxess Holdings in a research report on Thursday, July 6th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $197.17.
In other news, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the transaction, the chief executive officer now directly owns 1,108,142 shares of the company’s stock, valued at approximately $220,110,245.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Themelis sold 5,596 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $200.84, for a total value of $1,123,900.64. Following the transaction, the insider now directly owns 67,763 shares in the company, valued at $13,609,520.92. The disclosure for this sale can be found here. Insiders have sold a total of 34,882 shares of company stock worth $6,966,237 over the last three months. Insiders own 4.51% of the company’s stock.
About MarketAxess Holdings
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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