MarketAxess Holdings Inc. (NASDAQ:MKTX) Given Average Rating of “Hold” by Brokerages

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $254.78.

Several research analysts recently commented on the company. The Goldman Sachs Group lowered their target price on MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods decreased their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a report on Friday, February 7th. UBS Group decreased their price target on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a report on Friday, February 7th. Piper Sandler decreased their price target on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Barclays decreased their price target on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a report on Friday, February 7th.

Hedge Funds Weigh In On MarketAxess

Several institutional investors and hedge funds have recently added to or reduced their stakes in MKTX. Accent Capital Management LLC acquired a new stake in shares of MarketAxess in the 3rd quarter worth approximately $25,000. Global X Japan Co. Ltd. lifted its stake in MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. Allianz SE purchased a new stake in MarketAxess in the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its stake in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after buying an additional 104 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock valued at $32,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Trading Up 1.7 %

Shares of NASDAQ MKTX opened at $212.57 on Thursday. MarketAxess has a twelve month low of $186.84 and a twelve month high of $296.68. The stock has a fifty day simple moving average of $209.63 and a 200-day simple moving average of $242.22. The stock has a market capitalization of $8.01 billion, a PE ratio of 29.24, a PEG ratio of 3.89 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, equities analysts predict that MarketAxess will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.43%. The ex-dividend date was Wednesday, February 19th. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s payout ratio is 41.82%.

MarketAxess Company 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.