Roosevelt Investment Group Inc. lessened its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,101 shares of the financial services provider’s stock after selling 2,447 shares during the period. MarketAxess comprises approximately 1.5% of Roosevelt Investment Group Inc.’s investment portfolio, making the stock its 29th largest holding. Roosevelt Investment Group Inc.’s holdings in MarketAxess were worth $16,160,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. AHL Partners LLP purchased a new stake in MarketAxess in the 2nd quarter worth approximately $338,000. State Street Corp boosted its position in MarketAxess by 0.4% in the 2nd quarter. State Street Corp now owns 984,978 shares of the financial services provider’s stock worth $198,075,000 after purchasing an additional 4,168 shares in the last quarter. Trexquant Investment LP purchased a new stake in MarketAxess in the 3rd quarter worth approximately $594,000. Canada Pension Plan Investment Board boosted its position in MarketAxess by 20.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 11,900 shares of the financial services provider’s stock worth $2,196,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in MarketAxess by 39.3% in the 3rd quarter. Jane Street Group LLC now owns 3,292 shares of the financial services provider’s stock worth $607,000 after purchasing an additional 929 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.

MarketAxess Holdings Inc. (MKTX) opened at $191.50 on Tuesday. The firm has a market capitalization of $7,100.49, a P/E ratio of 48.50 and a beta of 0.60. MarketAxess Holdings Inc. has a 52 week low of $171.45 and a 52 week high of $211.06.

The firm also recently announced a dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.42 per share. This represents a dividend yield of 0.00215097818293557%. This is an increase from MarketAxess’s previous dividend of $0.20. The ex-dividend date of this dividend is Tuesday, February 13th. MarketAxess’s dividend payout ratio is presently 33.93%.

MarketAxess declared that its Board of Directors has authorized a stock buyback program on Wednesday, October 25th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Several research firms have commented on MKTX. UBS Group lowered MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Zacks Investment Research lowered MarketAxess from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $215.00 price objective on shares of MarketAxess in a research report on Friday, December 22nd. Raymond James Financial restated a “market perform” rating on shares of MarketAxess in a research report on Monday, January 22nd. Finally, BidaskClub downgraded MarketAxess from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $214.40.

In other news, Director Stephen P. Casper sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $195.84, for a total transaction of $391,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin M. Mcpherson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $176.61, for a total value of $883,050.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,225 shares of company stock valued at $8,782,546. Corporate insiders own 4.02% of the company’s stock.

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MarketAxess 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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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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