1,203 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Acquired by Investment Management Corp of Ontario

Investment Management Corp of Ontario acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,203 shares of the financial services provider’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Accent Capital Management LLC acquired a new stake in MarketAxess during the 3rd quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in MarketAxess during the 2nd quarter worth about $27,000. Blue Trust Inc. grew its position in shares of MarketAxess by 405.1% in the 2nd quarter. Blue Trust Inc. now owns 197 shares of the financial services provider’s stock valued at $43,000 after buying an additional 158 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of MarketAxess in the third quarter worth approximately $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in MarketAxess by 555.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MKTX shares. Morgan Stanley boosted their price target on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Barclays lifted their price objective on shares of MarketAxess from $237.00 to $268.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Piper Sandler restated a “neutral” rating and issued a $265.00 price target on shares of MarketAxess in a report on Thursday, November 7th. UBS Group upped their price objective on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Bank of America cut their price target on MarketAxess from $193.00 to $185.00 and set an “underperform” rating on the stock in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $267.50.

Insiders Place Their Bets

In other MarketAxess news, Chairman Richard M. Mcvey sold 10,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the completion of the transaction, the chairman now owns 562,029 shares in the company, valued at $150,438,302.43. This trade represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.66% of the company’s stock.

MarketAxess Trading Down 1.7 %

Shares of NASDAQ:MKTX opened at $239.93 on Monday. The stock has a market cap of $9.05 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 11.15 and a beta of 1.00. The stock’s fifty day simple moving average is $273.02 and its two-hundred day simple moving average is $241.22. MarketAxess Holdings Inc. has a 1-year low of $192.42 and a 1-year high of $297.97.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.85 by $0.05. The firm had revenue of $206.70 million during the quarter, compared to analyst estimates of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. On average, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.37 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.96 dividend on an annualized basis and a yield of 1.23%. MarketAxess’s dividend payout ratio (DPR) is presently 40.11%.

MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.