MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Sells $72,171.00 in Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the sale, the general counsel now directly owns 8,302 shares in the company, valued at $1,997,212.14. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MarketAxess Stock Up 0.4 %

MKTX traded up $1.04 during midday trading on Monday, hitting $240.97. The company had a trading volume of 490,899 shares, compared to its average volume of 395,897. The stock’s 50 day moving average price is $273.02 and its 200 day moving average price is $241.22. MarketAxess Holdings Inc. has a 52 week low of $192.42 and a 52 week high of $297.97. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 10.78 and a beta of 1.00.

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

MarketAxess Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on MKTX shares. The Goldman Sachs Group lifted their target price on shares of MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Piper Sandler reissued a “neutral” rating and issued a $265.00 price objective on shares of MarketAxess in a research note on Thursday, November 7th. Citigroup raised their target price on MarketAxess from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft upped their price target on MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their price objective on MarketAxess from $270.00 to $276.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $266.70.

Institutional Trading of MarketAxess

Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in shares of MarketAxess by 17.5% during the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock valued at $501,907,000 after purchasing an additional 291,134 shares in the last quarter. Van ECK Associates Corp increased its stake in MarketAxess by 10.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,828,055 shares of the financial services provider’s stock valued at $366,580,000 after buying an additional 170,095 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of MarketAxess by 0.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock worth $343,032,000 after buying an additional 8,042 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MarketAxess by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after buying an additional 139,949 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of MarketAxess by 53.5% in the second quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock valued at $164,447,000 after acquiring an additional 285,665 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

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.