Walled Lake Planning & Wealth Management LLC Buys Shares of 10,161 MarketAxess Holdings Inc. $MKTX

Walled Lake Planning & Wealth Management LLC acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,161 shares of the financial services provider’s stock, valued at approximately $1,771,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Burgundy Asset Management Ltd. boosted its holdings in MarketAxess by 67.1% during the third quarter. Burgundy Asset Management Ltd. now owns 692,216 shares of the financial services provider’s stock worth $127,257,000 after buying an additional 277,846 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in MarketAxess by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 521,129 shares of the financial services provider’s stock worth $90,815,000 after acquiring an additional 9,707 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in MarketAxess by 173.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 7,888 shares of the financial services provider’s stock valued at $1,375,000 after purchasing an additional 5,000 shares during the period. Victory Capital Management Inc. grew its holdings in MarketAxess by 462.0% during the third quarter. Victory Capital Management Inc. now owns 30,350 shares of the financial services provider’s stock valued at $5,288,000 after purchasing an additional 24,950 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its stake in MarketAxess by 109.4% in the third quarter. Focus Partners Advisor Solutions LLC now owns 8,140 shares of the financial services provider’s stock valued at $1,387,000 after purchasing an additional 4,252 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

Analyst Upgrades and Downgrades

MKTX has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of MarketAxess from $204.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Wall Street Zen raised MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. UBS Group lowered their price target on MarketAxess from $240.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 9th. Barclays cut their price objective on MarketAxess from $182.00 to $178.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. Finally, Piper Sandler lowered their target price on MarketAxess from $180.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $200.40.

MarketAxess Price Performance

NASDAQ MKTX opened at $184.44 on Friday. The firm’s 50 day moving average is $176.28 and its 200-day moving average is $175.16. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $6.56 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. MarketAxess Holdings Inc. has a 12-month low of $156.17 and a 12-month high of $232.84.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Friday, February 6th. The financial services provider reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). MarketAxess had a net margin of 29.14% and a return on equity of 20.88%. The business had revenue of $209.41 million during the quarter, compared to the consensus estimate of $214.06 million. During the same period last year, the business posted $1.73 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a dividend of $0.78 per share. The ex-dividend date was Wednesday, February 18th. This is a boost from MarketAxess’s previous quarterly dividend of $0.76. This represents a $3.12 annualized dividend and a yield of 1.7%. MarketAxess’s dividend payout ratio is currently 46.85%.

About MarketAxess

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.