5,958 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,958 shares of the financial services provider’s stock, valued at approximately $1,342,000.

Several other hedge funds have also bought and sold shares of the business. Van ECK Associates Corp grew its position in MarketAxess by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider’s stock valued at $452,246,000 after purchasing an additional 236,497 shares during the period. FMR LLC grew its position in MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock valued at $501,907,000 after purchasing an additional 291,134 shares during the period. Primecap Management Co. CA boosted its holdings in MarketAxess by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,369,102 shares of the financial services provider’s stock worth $309,472,000 after acquiring an additional 30,180 shares during the last quarter. Geode Capital Management LLC boosted its holdings in MarketAxess by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after acquiring an additional 139,949 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in MarketAxess by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 440,934 shares of the financial services provider’s stock worth $99,669,000 after acquiring an additional 11,291 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on MKTX shares. Barclays cut their price objective on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Keefe, Bruyette & Woods cut their price objective on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group cut their price objective on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. UBS Group cut their price objective on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Piper Sandler cut their price objective on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $254.78.

MarketAxess Stock Performance

Shares of MarketAxess stock opened at $217.82 on Friday. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68. The stock’s 50-day simple moving average is $207.90 and its 200 day simple moving average is $240.62. The stock has a market capitalization of $8.21 billion, a P/E ratio of 29.96, a P/E/G ratio of 3.89 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) 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%. Equities 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 paid a $0.76 dividend. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Wednesday, February 19th. MarketAxess’s payout ratio is currently 41.82%.

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.