Toronto Dominion Bank Sells 696 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Toronto Dominion Bank cut its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTXFree Report) by 2.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,442 shares of the financial services provider’s stock after selling 696 shares during the period. Toronto Dominion Bank’s holdings in MarketAxess were worth $5,008,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKTX. Bank of Nova Scotia grew its holdings in MarketAxess by 15.4% during the 3rd quarter. Bank of Nova Scotia now owns 3,516 shares of the financial services provider’s stock valued at $751,000 after buying an additional 470 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in MarketAxess by 2,076.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,269 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 5,981 shares during the period. Qube Research & Technologies Ltd boosted its holdings in MarketAxess by 31.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 239,601 shares of the financial services provider’s stock valued at $51,188,000 after purchasing an additional 57,772 shares during the period. Treasurer of the State of North Carolina increased its holdings in shares of MarketAxess by 9.2% in the third quarter. Treasurer of the State of North Carolina now owns 23,068 shares of the financial services provider’s stock worth $4,928,000 after purchasing an additional 1,940 shares during the period. Finally, Meritage Group LP increased its holdings in shares of MarketAxess by 31.0% in the third quarter. Meritage Group LP now owns 1,319 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 312 shares during the period. Institutional investors own 99.01% of the company’s stock.

MarketAxess Stock Down 1.5 %

MarketAxess stock opened at $214.77 on Tuesday. The firm has a fifty day simple moving average of $248.96 and a two-hundred day simple moving average of $240.60. MarketAxess Holdings Inc. has a twelve month low of $200.01 and a twelve month high of $399.78. The company has a market capitalization of $8.13 billion, a PE ratio of 31.35, a P/E/G ratio of 3.72 and a beta of 0.98.

MarketAxess (NASDAQ:MKTXGet Free Report) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.11. MarketAxess had a return on equity of 21.76% and a net margin of 34.29%. The company had revenue of $197.20 million during the quarter, compared to analyst estimates of $196.70 million. During the same quarter in the previous year, the company posted $1.58 EPS. MarketAxess’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities analysts expect that MarketAxess Holdings Inc. will post 7.27 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.38%. This is an increase from MarketAxess’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Tuesday, February 13th. MarketAxess’s payout ratio is presently 43.21%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MKTX shares. Barclays lowered MarketAxess from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $246.00 to $291.00 in a research note on Monday, January 8th. Citigroup lifted their price target on MarketAxess from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. William Blair restated an “outperform” rating on shares of MarketAxess in a research report on Tuesday, January 23rd. The Goldman Sachs Group cut their price target on shares of MarketAxess from $263.00 to $225.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Finally, Rosenblatt Securities lowered their price objective on shares of MarketAxess from $229.00 to $210.00 and set a “sell” rating on the stock in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $266.89.

Read Our Latest Stock Analysis on MarketAxess

Insider Activity at MarketAxess

In other MarketAxess news, CRO Kevin M. Mcpherson sold 2,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now owns 70,092 shares in the company, valued at $15,508,555.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CRO Kevin M. Mcpherson sold 920 shares of MarketAxess stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $260.50, for a total transaction of $239,660.00. Following the sale, the executive now owns 68,959 shares of the company’s stock, valued at approximately $17,963,819.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Kevin M. Mcpherson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $221.26, for a total value of $442,520.00. Following the transaction, the executive now owns 70,092 shares in the company, valued at approximately $15,508,555.92. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

MarketAxess Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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