Cibc World Markets Corp Has $1.34 Million Stock Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Cibc World Markets Corp cut its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 18.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,939 shares of the financial services provider’s stock after selling 1,361 shares during the quarter. Cibc World Markets Corp’s holdings in MarketAxess were worth $1,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MKTX. Global X Japan Co. Ltd. increased its stake in shares of MarketAxess by 179.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 70 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 104 shares in the last quarter. SRS Capital Advisors Inc. increased its position in MarketAxess by 13,900.0% in the 4th 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. Park Place Capital Corp purchased a new stake in shares of MarketAxess during the 4th quarter worth about $44,000. Finally, R Squared Ltd acquired a new stake in shares of MarketAxess during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 99.01% of the company’s stock.

MarketAxess Price Performance

MKTX stock opened at $216.87 on Friday. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. The company has a 50-day moving average of $207.93 and a two-hundred day moving average of $240.44. MarketAxess Holdings Inc. has a 52-week low of $186.84 and a 52-week high of $296.68.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. Equities analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 dividend on an annualized basis and a yield of 1.40%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s payout ratio is 41.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MKTX shares. Piper Sandler dropped their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group dropped their price target on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Barclays reduced their price objective on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. UBS Group lowered their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods reduced their price target 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $254.78.

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.