1,919 Shares in MarketAxess Holdings Inc. (NASDAQ:MKTX) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,919 shares of the financial services provider’s stock, valued at approximately $434,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after buying an additional 70 shares during the last quarter. Allianz SE purchased a new position in shares of MarketAxess in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC raised its position in shares of MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 104 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 139 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in MarketAxess by 185.7% in the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 104 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MKTX has been the topic of a number of research analyst reports. 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. Piper Sandler reduced their price target on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Bank of America raised their price objective on MarketAxess from $189.00 to $191.00 and gave the stock an “underperform” rating in a report on Wednesday. Barclays reduced their target price on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, UBS Group dropped their price target on MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $255.44.

MarketAxess Trading Down 1.5 %

NASDAQ:MKTX opened at $212.94 on Friday. MarketAxess Holdings Inc. 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 $206.64 and its 200-day simple moving average is $237.71. The firm has a market cap of $8.03 billion, a P/E ratio of 29.29, a PEG ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. 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 given a $0.76 dividend. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a yield of 1.43%. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s dividend payout ratio (DPR) is presently 41.82%.

MarketAxess 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.