Royce & Associates LP boosted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 8.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,200 shares of the financial services provider’s stock after buying an additional 5,000 shares during the quarter. Royce & Associates LP owned approximately 0.16% of MarketAxess worth $10,924,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of MarketAxess by 32.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,462 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 602 shares during the period. Hsbc Holdings PLC increased its holdings in shares of MarketAxess by 33.7% during the 3rd quarter. Hsbc Holdings PLC now owns 5,436 shares of the financial services provider’s stock worth $970,000 after buying an additional 1,371 shares during the last quarter. Stevens Capital Management LP increased its holdings in shares of MarketAxess by 155.7% during the 3rd quarter. Stevens Capital Management LP now owns 11,274 shares of the financial services provider’s stock worth $2,012,000 after buying an additional 6,865 shares during the last quarter. Standard Life Aberdeen plc increased its holdings in shares of MarketAxess by 0.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 128,185 shares of the financial services provider’s stock worth $22,891,000 after buying an additional 897 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its holdings in shares of MarketAxess by 11.2% during the 3rd quarter. AMP Capital Investors Ltd now owns 28,104 shares of the financial services provider’s stock worth $5,007,000 after buying an additional 2,821 shares during the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Richard M. Mcvey sold 23,842 shares of the stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $211.93, for a total value of $5,052,835.06. Following the completion of the sale, the chief executive officer now directly owns 1,054,986 shares in the company, valued at approximately $223,583,182.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin M. Mcpherson sold 2,500 shares of the stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total value of $542,225.00. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on MKTX. Zacks Investment Research upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. BidaskClub downgraded MarketAxess from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Barclays restated a “hold” rating and set a $198.00 price objective on shares of MarketAxess in a report on Friday, October 12th. Goldman Sachs Group began coverage on MarketAxess in a report on Monday, November 5th. They set a “sell” rating for the company. Finally, ValuEngine upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $211.63.

MKTX stock opened at $221.91 on Friday. The firm has a market cap of $8.35 billion, a PE ratio of 56.90, a PEG ratio of 9.86 and a beta of 0.09. MarketAxess Holdings Inc. has a 52 week low of $172.09 and a 52 week high of $229.84.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.09. MarketAxess had a return on equity of 29.40% and a net margin of 37.97%. The firm had revenue of $101.44 million during the quarter, compared to the consensus estimate of $101.19 million. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts predict that MarketAxess Holdings Inc. will post 4.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were issued a $0.42 dividend. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $1.68 annualized dividend and a yield of 0.76%. MarketAxess’s dividend payout ratio is currently 43.08%.

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MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.

Read More: Are all No-Load Funds Equal?

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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