Several other brokerages have also commented on MKTX. Deutsche Bank upped their target price on MarketAxess from $332.00 to $336.00 and gave the company a hold rating in a research report on Wednesday, August 14th. Argus initiated coverage on MarketAxess in a report on Thursday, August 29th. They issued a hold rating on the stock. ValuEngine lowered MarketAxess from a strong-buy rating to a buy rating in a report on Thursday, August 1st. Buckingham Research downgraded MarketAxess from a neutral rating to an underperform rating and set a $245.00 price target for the company. in a research report on Wednesday, June 12th. Finally, Barclays increased their price target on MarketAxess from $244.00 to $289.00 and gave the company an equal weight rating in a research report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $277.20.
Shares of MKTX stock traded down $14.85 during mid-day trading on Thursday, hitting $330.29. The stock had a trading volume of 430,556 shares, compared to its average volume of 367,248. MarketAxess has a fifty-two week low of $172.09 and a fifty-two week high of $421.45. The firm has a market cap of $12.92 billion, a PE ratio of 72.27 and a beta of 0.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 10.05 and a quick ratio of 10.05. The company’s 50-day simple moving average is $370.45 and its 200-day simple moving average is $307.54.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, August 6th. MarketAxess’s dividend payout ratio (DPR) is presently 44.64%.
In other MarketAxess news, CEO Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $350.07, for a total transaction of $7,001,400.00. Following the completion of the sale, the chief executive officer now owns 1,044,249 shares of the company’s stock, valued at $365,560,247.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Themelis sold 2,750 shares of MarketAxess stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $347.39, for a total value of $955,322.50. Following the sale, the insider now directly owns 53,064 shares of the company’s stock, valued at approximately $18,433,902.96. The disclosure for this sale can be found here. Insiders have sold 23,750 shares of company stock valued at $8,359,543 in the last three months. 3.28% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of MKTX. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in MarketAxess during the 2nd quarter valued at about $2,346,000. Hancock Whitney Corp increased its holdings in MarketAxess by 38.3% during the 2nd quarter. Hancock Whitney Corp now owns 22,456 shares of the financial services provider’s stock valued at $7,218,000 after purchasing an additional 6,223 shares during the period. Toronto Dominion Bank increased its holdings in MarketAxess by 727.4% during the 2nd quarter. Toronto Dominion Bank now owns 22,158 shares of the financial services provider’s stock valued at $7,122,000 after purchasing an additional 19,480 shares during the period. Atria Investments LLC increased its holdings in MarketAxess by 43.2% during the 2nd quarter. Atria Investments LLC now owns 4,857 shares of the financial services provider’s stock valued at $1,778,000 after purchasing an additional 1,466 shares during the period. Finally, Natixis increased its holdings in MarketAxess by 91.8% during the 2nd quarter. Natixis now owns 301,784 shares of the financial services provider’s stock valued at $96,999,000 after purchasing an additional 144,431 shares during the period. 99.91% of the stock is owned by hedge funds and other institutional investors.
MarketAxess Company 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 firms the access to global liquidity in U.S.
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