1,310 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Bought by SVB Wealth LLC

SVB Wealth LLC acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,310 shares of the financial services provider’s stock, valued at approximately $296,000.

Several other hedge funds have also added to or reduced their stakes in the business. Asset Management One Co. Ltd. increased its holdings in MarketAxess by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,431 shares of the financial services provider’s stock worth $3,953,000 after purchasing an additional 50 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 52 shares in the last quarter. M&T Bank Corp increased its holdings in MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 56 shares in the last quarter. Versor Investments LP increased its holdings in MarketAxess by 6.3% during the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 65 shares in the last quarter. Finally, Global X Japan Co. Ltd. increased its holdings in MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Performance

MarketAxess stock opened at $195.85 on Thursday. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68. The stock has a market capitalization of $7.38 billion, a P/E ratio of 26.94, a PEG ratio of 3.89 and a beta of 1.05. The stock has a 50-day simple moving average of $211.19 and a 200 day simple moving average of $242.84.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping 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%. Research analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a yield of 1.55%. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s dividend payout ratio (DPR) is presently 41.82%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the completion of the sale, the general counsel now directly owns 8,302 shares in the company, valued at $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.66% of the stock is currently owned by corporate insiders.

About MarketAxess

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.