Connor Clark & Lunn Investment Management Ltd. Has $5.11 Million Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 421.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,612 shares of the financial services provider’s stock after buying an additional 18,274 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of MarketAxess worth $5,111,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Accent Capital Management LLC acquired a new position in shares of MarketAxess in the 3rd quarter worth approximately $25,000. Global X Japan Co. Ltd. raised its holdings in shares of MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after buying an additional 70 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after buying an additional 104 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of MarketAxess by 13,900.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after buying an additional 139 shares in the last quarter. Finally, Park Place Capital Corp bought a new stake in MarketAxess during the 4th quarter worth approximately $44,000. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Stock Up 0.2 %

NASDAQ:MKTX opened at $212.38 on Monday. MarketAxess Holdings Inc. has a 12-month low of $186.84 and a 12-month high of $296.68. The firm has a market capitalization of $8.01 billion, a P/E ratio of 29.21, a P/E/G ratio of 3.89 and a beta of 1.05. The stock’s fifty day simple moving average is $208.13 and its 200-day simple moving average is $241.33.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping 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 expect that MarketAxess Holdings Inc. 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. Stockholders of record on Wednesday, February 19th were given a $0.76 dividend. 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 1.43%. The ex-dividend date was Wednesday, February 19th. MarketAxess’s dividend payout ratio (DPR) is currently 41.82%.

Wall Street Analysts Forecast Growth

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

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.