Lazard Asset Management LLC Has $299,000 Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Lazard Asset Management LLC lessened its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTXGet Rating) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 730 shares of the financial services provider’s stock after selling 1,165 shares during the quarter. Lazard Asset Management LLC’s holdings in MarketAxess were worth $299,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. raised its stake in shares of MarketAxess by 0.3% in the 4th quarter. Baillie Gifford & Co. now owns 1,758,918 shares of the financial services provider’s stock valued at $723,390,000 after purchasing an additional 4,404 shares during the period. Ownership Capital B.V. raised its stake in shares of MarketAxess by 7.0% in the 4th quarter. Ownership Capital B.V. now owns 1,324,169 shares of the financial services provider’s stock valued at $544,591,000 after purchasing an additional 86,977 shares during the period. Royal Bank of Canada raised its stake in shares of MarketAxess by 7.3% in the 3rd quarter. Royal Bank of Canada now owns 1,099,475 shares of the financial services provider’s stock valued at $462,537,000 after purchasing an additional 75,160 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of MarketAxess in the 4th quarter valued at about $450,263,000. Finally, Wellington Management Group LLP raised its stake in shares of MarketAxess by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 817,436 shares of the financial services provider’s stock valued at $343,888,000 after purchasing an additional 34,528 shares during the period. 96.50% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess stock opened at $263.38 on Friday. MarketAxess Holdings Inc. has a 52 week low of $249.89 and a 52 week high of $498.97. The stock has a market capitalization of $9.86 billion, a P/E ratio of 41.35 and a beta of 0.56. The stock has a 50-day simple moving average of $304.59 and a 200 day simple moving average of $353.11.

MarketAxess (NASDAQ:MKTXGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. MarketAxess had a return on equity of 23.46% and a net margin of 35.13%. The business had revenue of $186.10 million during the quarter, compared to analysts’ expectations of $186.34 million. During the same quarter last year, the company posted $2.11 earnings per share. MarketAxess’s quarterly revenue was down 4.8% on a year-over-year basis. On average, sell-side analysts anticipate that MarketAxess Holdings Inc. will post 6.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 18th. Investors of record on Wednesday, May 4th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, May 3rd. MarketAxess’s payout ratio is currently 43.96%.

MKTX has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on MarketAxess from $314.00 to $300.00 and set a “hold” rating on the stock in a research note on Thursday, April 21st. Zacks Investment Research cut MarketAxess from a “hold” rating to a “sell” rating and set a $345.00 price objective for the company. in a report on Friday, January 28th. Atlantic Securities started coverage on MarketAxess in a report on Tuesday, February 8th. They issued a “neutral” rating and a $380.00 price objective for the company. Morgan Stanley decreased their price objective on MarketAxess from $367.00 to $361.00 and set an “equal weight” rating for the company in a report on Thursday, April 21st. Finally, Rosenblatt Securities raised their price objective on MarketAxess from $383.00 to $395.00 and gave the company a “buy” rating in a report on Thursday, April 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $368.67.

In other MarketAxess news, Director Richard Leon Prager purchased 1,000 shares of MarketAxess stock in a transaction that occurred on Friday, April 22nd. The stock was acquired at an average price of $271.25 per share, for a total transaction of $271,250.00. Following the completion of the acquisition, the director now owns 2,149 shares of the company’s stock, valued at approximately $582,916.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.19% of the company’s stock.

MarketAxess Profile (Get Rating)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities.

Further Reading

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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