ARP Americas LP Purchases Shares of 554 MarketAxess Holdings Inc. (NASDAQ:MKTX)

ARP Americas LP purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 554 shares of the financial services provider’s stock, valued at approximately $278,000.

Other large investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co raised its holdings in shares of MarketAxess by 95.6% in the 2nd quarter. CENTRAL TRUST Co now owns 2,290 shares of the financial services provider’s stock valued at $1,148,000 after acquiring an additional 1,119 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of MarketAxess by 78.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 26,509 shares of the financial services provider’s stock valued at $13,278,000 after acquiring an additional 11,614 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of MarketAxess by 45.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 52,931 shares of the financial services provider’s stock valued at $26,513,000 after acquiring an additional 16,645 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of MarketAxess by 72.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,853 shares of the financial services provider’s stock valued at $2,279,000 after acquiring an additional 2,881 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of MarketAxess by 270.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 136,122 shares of the financial services provider’s stock valued at $45,271,000 after acquiring an additional 99,363 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the company. Credit Suisse Group raised their price target on MarketAxess from $410.00 to $448.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Rosenblatt Securities raised their price objective on MarketAxess from $455.00 to $465.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. BidaskClub cut MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Deutsche Bank raised their price objective on MarketAxess from $535.00 to $555.00 and gave the company a “hold” rating in a report on Thursday, July 9th. Finally, Piper Sandler raised their price objective on MarketAxess from $520.00 to $535.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $403.00.

In related news, General Counsel Scott Pintoff sold 250 shares of MarketAxess stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $481.13, for a total transaction of $120,282.50. Following the sale, the general counsel now directly owns 8,089 shares in the company, valued at $3,891,860.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Casper sold 2,000 shares of MarketAxess stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $479.44, for a total value of $958,880.00. Following the sale, the director now owns 13,367 shares in the company, valued at $6,408,674.48. The disclosure for this sale can be found here. Insiders have sold 29,170 shares of company stock worth $14,047,103 over the last 90 days. 3.05% of the stock is currently owned by corporate insiders.

Shares of MKTX stock traded up $0.15 during trading hours on Friday, reaching $516.70. The company’s stock had a trading volume of 119,102 shares, compared to its average volume of 201,006. The stock has a market capitalization of $19.62 billion, a P/E ratio of 74.88 and a beta of 0.63. MarketAxess Holdings Inc. has a one year low of $275.49 and a one year high of $561.68. The firm’s fifty day simple moving average is $514.01 and its 200 day simple moving average is $426.10. The company has a current ratio of 7.42, a quick ratio of 7.53 and a debt-to-equity ratio of 0.11.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.08. The firm had revenue of $184.80 million for the quarter, compared to analyst estimates of $185.16 million. MarketAxess had a return on equity of 33.75% and a net margin of 42.74%. During the same period last year, the company earned $1.27 EPS. As a group, equities research analysts forecast that MarketAxess Holdings Inc. will post 7.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $2.40 annualized dividend and a dividend yield of 0.46%. MarketAxess’s dividend payout ratio is presently 44.44%.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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