MarketAxess Holdings Inc. (MKTX) to Issue Quarterly Dividend of $0.78 on November 25th

MarketAxess Holdings Inc. (NASDAQ:MKTX) announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.78 per share by the financial services provider on Wednesday, November 25th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 10th.

MarketAxess has a dividend payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MarketAxess to earn $8.78 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 35.5%.

MarketAxess Stock Performance

NASDAQ:MKTX opened at $164.67 on Friday. The stock’s 50-day moving average is $163.52 and its 200-day moving average is $146.94. MarketAxess has a 1-year low of $108.75 and a 1-year high of $195.96. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The stock has a market cap of $5.79 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.80.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Friday, October 23rd. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The business had revenue of $210.41 million during the quarter, compared to the consensus estimate of $218.98 million. During the same quarter last year, the business earned $1.84 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that MarketAxess will post 8.08 earnings per share for the current year.

Insider Buying and Selling

In other MarketAxess news, Director William Cruger, Jr. sold 6,164 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $163.20, for a total value of $1,005,964.80. Following the transaction, the director owned 4,033 shares of the company’s stock, valued at approximately $658,185.60. The trade was a 60.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 6,464 shares of company stock worth $1,055,022 in the last 90 days. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On MarketAxess

Hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in MarketAxess by 4.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,574 shares of the financial services provider’s stock worth $258,000 after buying an additional 66 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in MarketAxess by 6.3% in the first quarter. Citizens Financial Group Inc. RI now owns 2,592 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 153 shares during the last quarter. Argos Wealth Advisors LLC boosted its stake in MarketAxess by 11.6% in the first quarter. Argos Wealth Advisors LLC now owns 1,561 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 162 shares during the last quarter. Pacer Advisors Inc. boosted its stake in MarketAxess by 58.6% in the first quarter. Pacer Advisors Inc. now owns 444 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 164 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of MarketAxess by 97.0% during the 3rd quarter. IFP Advisors Inc now owns 394 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 194 shares during the period. 99.01% of the stock is currently owned by institutional investors.

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for fixed-income securities and related market data services. The company connects institutional investors, broker-dealers and other market participants, enabling them to trade corporate bonds, government bonds, emerging-market debt and other credit products through digital workflows.

Its offerings include electronic request-for-quote trading, all-to-all trading through its Open Trading marketplace, portfolio trading, and tools designed to support pricing, liquidity discovery and trade execution.