Coldstream Capital Management Inc. Acquires 437 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Coldstream Capital Management Inc. lifted its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,645 shares of the financial services provider’s stock after purchasing an additional 437 shares during the period. Coldstream Capital Management Inc.’s holdings in MarketAxess were worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accent Capital Management LLC bought a new stake in shares of MarketAxess during the third quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in shares of MarketAxess during the second quarter worth about $27,000. Blue Trust Inc. grew its holdings in shares of MarketAxess by 405.1% during the second quarter. Blue Trust Inc. now owns 197 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 158 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of MarketAxess during the third quarter worth about $54,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of MarketAxess by 555.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 236 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 200 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MKTX has been the topic of several research reports. UBS Group boosted their price target on MarketAxess from $330.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Piper Sandler reiterated a “neutral” rating and issued a $265.00 target price on shares of MarketAxess in a report on Thursday, November 7th. Citigroup upped their target price on MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Barclays reduced their target price on MarketAxess from $289.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $266.70.

MarketAxess Stock Down 0.4 %

Shares of NASDAQ:MKTX opened at $240.07 on Wednesday. MarketAxess Holdings Inc. has a twelve month low of $192.42 and a twelve month high of $297.97. The stock’s 50 day moving average is $272.40 and its 200-day moving average is $241.57. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 10.78 and a beta of 1.00.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The company had revenue of $206.70 million for the quarter, compared to analyst estimates of $207.17 million. During the same period in the prior year, the firm earned $1.46 earnings per share. MarketAxess’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.37 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.96 annualized dividend and a yield of 1.23%. MarketAxess’s dividend payout ratio (DPR) is currently 40.11%.

Insider Buying and Selling

In related news, Chairman Richard M. Mcvey sold 10,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $267.67, for a total transaction of $2,676,700.00. Following the completion of the sale, the chairman now owns 562,029 shares in the company, valued at approximately $150,438,302.43. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Scott Pintoff sold 300 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the transaction, the general counsel now owns 8,302 shares of the company’s stock, valued at $1,997,212.14. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,300 shares of company stock worth $8,183,871. 2.66% of the stock is owned by corporate insiders.

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.