Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 13.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,481 shares of the financial services provider’s stock after purchasing an additional 897 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in MarketAxess were worth $2,843,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Quest Capital Management Inc. ADV acquired a new position in shares of MarketAxess in the 3rd quarter valued at about $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of MarketAxess in the 3rd quarter valued at about $29,000. Squar Milner Financial Services LLC increased its stake in shares of MarketAxess by 1,250.0% in the 3rd quarter. Squar Milner Financial Services LLC now owns 108 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. CNB Bank purchased a new position in shares of MarketAxess in the 4th quarter valued at about $35,000. Finally, Aigen Investment Management LP purchased a new position in shares of MarketAxess in the 4th quarter valued at about $48,000. 95.92% of the stock is owned by institutional investors and hedge funds.
Shares of MarketAxess stock opened at $345.69 on Friday. The company has a quick ratio of 9.47, a current ratio of 6.83 and a debt-to-equity ratio of 0.13. MarketAxess Holdings Inc. has a twelve month low of $222.31 and a twelve month high of $421.45. The business has a 50-day moving average price of $362.25 and a 200 day moving average price of $364.28. The firm has a market cap of $12.77 billion, a PE ratio of 62.62 and a beta of 0.20.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.60 per share. This is a positive change from MarketAxess’s previous quarterly dividend of $0.51. This represents a $2.40 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, February 11th. MarketAxess’s payout ratio is 44.44%.
Several equities analysts recently weighed in on MKTX shares. Rosenblatt Securities restated a “hold” rating and issued a $343.00 price target on shares of MarketAxess in a research note on Friday, December 13th. Deutsche Bank cut their price target on MarketAxess from $406.00 to $372.00 and set a “hold” rating for the company in a research note on Thursday, January 30th. William Blair restated a “market perform” rating on shares of MarketAxess in a research note on Friday, January 17th. BidaskClub lowered MarketAxess from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Finally, Barclays cut their price target on MarketAxess from $375.00 to $372.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. MarketAxess presently has a consensus rating of “Hold” and an average price target of $322.67.
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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