Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in MarketAxess Holdings Inc. $MKTX

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,307 shares of the financial services provider’s stock, valued at approximately $5,312,000.

Other large investors have also recently made changes to their positions in the company. MUFG Securities EMEA plc bought a new position in shares of MarketAxess in the second quarter worth about $25,000. Geneos Wealth Management Inc. lifted its holdings in MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after buying an additional 80 shares in the last quarter. Activest Wealth Management bought a new stake in MarketAxess during the 4th quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in MarketAxess in the 3rd quarter valued at about $38,000. Finally, Stance Capital LLC purchased a new stake in MarketAxess in the 3rd quarter valued at about $42,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MKTX has been the topic of a number of research reports. Weiss Ratings lowered shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Barclays dropped their price objective on MarketAxess from $189.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Keefe, Bruyette & Woods initiated coverage on MarketAxess in a research report on Wednesday, April 8th. They set an “outperform” rating and a $195.00 target price for the company. Finally, Argus cut MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $190.88.

MarketAxess Trading Down 2.9%

NASDAQ MKTX opened at $137.78 on Thursday. MarketAxess Holdings Inc. has a one year low of $137.27 and a one year high of $228.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.72 and a beta of 0.92. The company’s 50-day simple moving average is $163.82 and its two-hundred day simple moving average is $170.29.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.10. The firm had revenue of $233.38 million during the quarter, compared to analysts’ expectations of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.87 EPS. Equities analysts forecast that MarketAxess Holdings Inc. will post 8.08 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th will be issued a dividend of $0.78 per share. The ex-dividend date is Wednesday, May 20th. This represents a $3.12 dividend on an annualized basis and a yield of 2.3%. MarketAxess’s dividend payout ratio is currently 36.88%.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.