Janus Henderson Group PLC trimmed its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677,628 shares of the financial services provider’s stock after selling 2,707 shares during the period. Janus Henderson Group PLC owned approximately 1.80% of MarketAxess worth $120,950,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Hawaiian Bank bought a new position in MarketAxess during the third quarter valued at about $113,000. Alps Advisors Inc. bought a new position in MarketAxess during the second quarter valued at about $205,000. Commerce Bank bought a new position in MarketAxess during the third quarter valued at about $217,000. Atria Investments LLC increased its stake in MarketAxess by 25.6% during the third quarter. Atria Investments LLC now owns 1,358 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 277 shares during the period. Finally, Hartford Investment Management Co. bought a new position in MarketAxess during the second quarter valued at about $278,000. Hedge funds and other institutional investors own 98.95% of the company’s stock.
MKTX has been the topic of several research reports. BidaskClub upgraded MarketAxess from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Zacks Investment Research lowered MarketAxess from a “hold” rating to a “sell” rating in a research note on Monday, September 10th. ValuEngine upgraded MarketAxess from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. Jefferies Financial Group initiated coverage on MarketAxess in a research note on Wednesday, August 1st. They set a “hold” rating and a $219.00 price target on the stock. Finally, Barclays initiated coverage on MarketAxess in a research note on Friday, September 7th. They set an “equal weight” rating and a $200.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $210.63.
MarketAxess (NASDAQ:MKTX) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.93 by $0.09. The business had revenue of $101.44 million for the quarter, compared to the consensus estimate of $101.19 million. MarketAxess had a return on equity of 29.40% and a net margin of 37.97%. MarketAxess’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. On average, sell-side analysts predict that MarketAxess Holdings Inc. will post 4.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, November 6th. MarketAxess’s payout ratio is currently 43.08%.
In other news, insider Kevin M. Mcpherson sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $216.89, for a total value of $542,225.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard M. Mcvey sold 23,842 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $211.93, for a total value of $5,052,835.06. Following the completion of the transaction, the chief executive officer now directly owns 1,054,986 shares in the company, valued at $223,583,182.98. The disclosure for this sale can be found here. 3.52% of the stock is owned by insiders.
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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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