MarketAxess Holdings Inc. (MKTX) Stake Decreased by Artemis Investment Management LLP

Artemis Investment Management LLP cut its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 50.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,696 shares of the financial services provider’s stock after selling 56,325 shares during the quarter. Artemis Investment Management LLP owned about 0.15% of MarketAxess worth $9,767,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC acquired a new stake in shares of MarketAxess during the second quarter worth $1,245,000. Vident Investment Advisory LLC bought a new position in MarketAxess during the second quarter worth $761,000. BlackRock Inc. boosted its stake in MarketAxess by 3.6% during the second quarter. BlackRock Inc. now owns 3,411,494 shares of the financial services provider’s stock worth $674,996,000 after acquiring an additional 117,686 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in MarketAxess by 2.8% during the second quarter. Riverhead Capital Management LLC now owns 13,842 shares of the financial services provider’s stock worth $2,739,000 after acquiring an additional 372 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in MarketAxess by 32.2% during the second quarter. State of Alaska Department of Revenue now owns 4,470 shares of the financial services provider’s stock worth $884,000 after acquiring an additional 1,090 shares in the last quarter. Institutional investors own 98.95% of the company’s stock.

In other MarketAxess news, CEO Richard M. Mcvey sold 23,842 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $211.93, for a total value of $5,052,835.06. Following the transaction, the chief executive officer now directly owns 1,054,986 shares of the company’s stock, valued at $223,583,182.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin M. Mcpherson sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $216.89, for a total transaction of $542,225.00. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by company insiders.

MKTX has been the topic of several research analyst reports. BidaskClub lowered shares of MarketAxess from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $210.00 target price on shares of MarketAxess in a research note on Thursday, July 26th. ValuEngine lowered shares of MarketAxess from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Jefferies Financial Group initiated coverage on shares of MarketAxess in a research note on Wednesday, August 1st. They set a “hold” rating and a $219.00 target price on the stock. Finally, Barclays initiated coverage on shares of MarketAxess in a research note on Friday, September 7th. They set an “equal weight” rating and a $200.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. MarketAxess has an average rating of “Hold” and an average target price of $210.63.

MarketAxess stock opened at $214.89 on Friday. MarketAxess Holdings Inc. has a 1-year low of $172.09 and a 1-year high of $229.84. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 55.10, a price-to-earnings-growth ratio of 9.64 and a beta of 0.11.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. MarketAxess had a net margin of 37.97% and a return on equity of 29.40%. The firm had revenue of $101.44 million for the quarter, compared to analyst estimates of $101.19 million. During the same period last year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that MarketAxess Holdings Inc. will post 4.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, November 6th. MarketAxess’s dividend payout ratio (DPR) is 43.08%.

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MarketAxess Company Profile

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 the access to global liquidity in U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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