Quantum Private Wealth LLC Makes New $206,000 Investment in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Quantum Private Wealth LLC purchased a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) in the fourth quarter, Holdings Channel reports. The firm purchased 705 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MKTX. Nordea Investment Management AB grew its holdings in MarketAxess by 316.1% in the 4th quarter. Nordea Investment Management AB now owns 11,546 shares of the financial services provider’s stock valued at $3,367,000 after buying an additional 8,771 shares in the last quarter. Norris Perne & French LLP MI purchased a new stake in shares of MarketAxess in the fourth quarter valued at about $9,715,000. Rhumbline Advisers increased its position in MarketAxess by 3.4% during the third quarter. Rhumbline Advisers now owns 91,847 shares of the financial services provider’s stock worth $19,622,000 after purchasing an additional 3,024 shares during the last quarter. Royal Bank of Canada raised its stake in MarketAxess by 2.0% during the third quarter. Royal Bank of Canada now owns 1,705,958 shares of the financial services provider’s stock worth $364,462,000 after purchasing an additional 33,288 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in MarketAxess by 339.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 38,630 shares of the financial services provider’s stock valued at $8,253,000 after purchasing an additional 29,830 shares during the last quarter. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Trading Up 0.1 %

MarketAxess stock traded up $0.15 during midday trading on Wednesday, reaching $202.92. 113,249 shares of the stock traded hands, compared to its average volume of 424,882. The firm has a market cap of $7.63 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 4.28 and a beta of 0.98. The company has a 50-day simple moving average of $217.73 and a two-hundred day simple moving average of $237.86. MarketAxess Holdings Inc. has a 12-month low of $200.01 and a 12-month high of $341.92.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.73 by $0.11. The business had revenue of $197.20 million during the quarter, compared to analyst estimates of $196.70 million. MarketAxess had a net margin of 34.29% and a return on equity of 21.76%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. Equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.28 earnings per share for the current year.

MarketAxess Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 13th. This is a boost from MarketAxess’s previous quarterly dividend of $0.72. MarketAxess’s dividend payout ratio (DPR) is currently 43.21%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MKTX shares. Morgan Stanley raised their price target on shares of MarketAxess from $278.00 to $279.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Bank of America started coverage on MarketAxess in a research note on Wednesday, April 10th. They set an “underperform” rating and a $199.00 target price for the company. The Goldman Sachs Group decreased their price target on MarketAxess from $263.00 to $225.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Piper Sandler lowered their price target on MarketAxess from $250.00 to $237.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Finally, William Blair restated an “outperform” rating on shares of MarketAxess in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $252.80.

Insiders Place Their Bets

In other news, CRO Kevin M. Mcpherson sold 2,000 shares of the stock in a transaction 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 sale, the executive now directly owns 70,092 shares in the company, valued at $15,508,555.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% 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.