MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by Amundi

Amundi boosted its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 69.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,110 shares of the financial services provider’s stock after acquiring an additional 83,861 shares during the quarter. Amundi’s holdings in MarketAxess were worth $45,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKTX. Van ECK Associates Corp lifted its stake in shares of MarketAxess by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider’s stock worth $452,246,000 after purchasing an additional 236,497 shares in the last quarter. FMR LLC lifted its stake in shares of MarketAxess by 17.5% during the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after purchasing an additional 291,134 shares in the last quarter. Primecap Management Co. CA lifted its stake in shares of MarketAxess by 0.6% during the third quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock worth $343,032,000 after purchasing an additional 8,042 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of MarketAxess by 14.9% during the third quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after purchasing an additional 139,949 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of MarketAxess by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 440,934 shares of the financial services provider’s stock worth $99,669,000 after purchasing an additional 11,291 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MKTX. UBS Group reduced their price objective on MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Piper Sandler cut their price target on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Barclays cut their price target on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods cut their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $254.78.

MarketAxess Stock Down 1.4 %

Shares of MarketAxess stock opened at $206.95 on Thursday. The firm has a market cap of $7.80 billion, a P/E ratio of 28.47, a P/E/G ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The business has a 50-day moving average price of $209.06 and a 200 day moving average price of $241.88.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. As a group, equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 19th. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.47%. MarketAxess’s dividend 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.