MarketAxess Holdings Inc. (NASDAQ:MKTX) Announces Quarterly Dividend of $0.78

MarketAxess Holdings Inc. (NASDAQ:MKTX) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.78 per share by the financial services provider on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th.

MarketAxess has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. MarketAxess has a dividend payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MarketAxess to earn $8.70 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 35.9%.

MarketAxess Stock Performance

Shares of NASDAQ MKTX traded up $37.03 during trading hours on Thursday, reaching $162.76. The stock had a trading volume of 9,443,372 shares, compared to its average volume of 649,743. The firm has a 50-day moving average of $119.45 and a 200-day moving average of $151.77. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 3.28 and a beta of 0.88. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.19. MarketAxess has a fifty-two week low of $108.75 and a fifty-two week high of $210.05.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 EPS for the quarter, topping the consensus estimate of $1.86 by $0.09. MarketAxess had a return on equity of 22.28% and a net margin of 35.53%.During the same quarter last year, the business earned $2.00 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that MarketAxess will post 8.01 earnings per share for the current year.

Institutional Investors Weigh In On MarketAxess

Hedge funds and other institutional investors have recently modified their holdings of the stock. MUFG Securities EMEA plc acquired a new position in MarketAxess during the second quarter worth $25,000. Geneos Wealth Management Inc. increased its position in shares of MarketAxess by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock valued at $26,000 after buying an additional 80 shares in the last quarter. Activest Wealth Management purchased a new position in shares of MarketAxess in the fourth quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of MarketAxess by 215.3% during the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the financial services provider’s stock worth $44,000 after buying an additional 267 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of MarketAxess by 300.0% during the 4th quarter. Pacer Advisors Inc. now owns 280 shares of the financial services provider’s stock worth $51,000 after buying an additional 210 shares during the last quarter. 99.01% of the stock is currently owned by institutional investors and hedge funds.

MarketAxess Company Profile

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.