MarketAxess Holdings Inc. (NASDAQ:MKTX) Receives Average Recommendation of “Hold” from Brokerages

MarketAxess Holdings Inc. (NASDAQ:MKTX) has been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $254.78.

Several equities analysts have recently issued reports on MKTX shares. Barclays reduced their price target on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. UBS Group decreased their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Piper Sandler cut their price target on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods reduced their price objective on MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, The Goldman Sachs Group lowered their target price on MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th.

Hedge Funds Weigh In On MarketAxess

Several hedge funds have recently made changes to their positions in the business. Siemens Fonds Invest GmbH acquired a new position in MarketAxess in the fourth quarter worth approximately $433,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of MarketAxess during the 4th quarter worth $6,592,000. Mackenzie Financial Corp grew its holdings in shares of MarketAxess by 20.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,424 shares of the financial services provider’s stock worth $322,000 after acquiring an additional 245 shares during the last quarter. Toronto Dominion Bank raised its position in shares of MarketAxess by 4.0% during the fourth quarter. Toronto Dominion Bank now owns 25,721 shares of the financial services provider’s stock worth $5,813,000 after purchasing an additional 984 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of MarketAxess by 4.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 14,937 shares of the financial services provider’s stock valued at $3,376,000 after purchasing an additional 598 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Trading Down 1.4 %

MKTX stock opened at $206.95 on Thursday. MarketAxess has a 12-month low of $186.84 and a 12-month high of $296.68. The stock’s 50 day simple moving average is $209.06 and its 200 day simple moving average is $241.88. The firm has a market cap of $7.80 billion, a P/E ratio of 28.47, a P/E/G ratio of 3.89 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.73 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%. On average, research analysts forecast that MarketAxess will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were given a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 1.47%. MarketAxess’s payout ratio is 41.82%.

MarketAxess Company Profile

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.