Fox Run Management L.L.C. Has $870,000 Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Fox Run Management L.L.C. increased its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 46.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,847 shares of the financial services provider’s stock after buying an additional 1,215 shares during the quarter. Fox Run Management L.L.C.’s holdings in MarketAxess were worth $870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC raised its position in MarketAxess by 4.0% in the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 52 shares during the last quarter. M&T Bank Corp increased its holdings in MarketAxess by 4.0% in the third quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 56 shares during the last quarter. Versor Investments LP increased its holdings in MarketAxess by 6.3% in the fourth quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 65 shares during the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of MarketAxess by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider’s stock worth $673,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MKTX. Barclays lowered 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. Keefe, Bruyette & Woods reduced their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Piper Sandler cut their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. UBS Group cut their price objective on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Finally, The Goldman Sachs Group dropped their price target on MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 10th. One 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $254.78.

MarketAxess Stock Performance

Shares of MKTX opened at $216.87 on Monday. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The business’s fifty day moving average is $207.93 and its 200-day moving average is $240.43. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 3.89 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX) last released 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, research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were issued a dividend of $0.76 per share. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.04 annualized dividend and a dividend yield of 1.40%. MarketAxess’s dividend payout ratio (DPR) 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.