MarketAxess Holdings Inc. $MKTX Shares Bought by denkapparat Operations GmbH

denkapparat Operations GmbH grew its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 310.3% during the second quarter, HoldingsChannel.com reports. The fund owned 10,562 shares of the financial services provider’s stock after purchasing an additional 7,988 shares during the quarter. denkapparat Operations GmbH’s holdings in MarketAxess were worth $1,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amundi increased its holdings in MarketAxess by 803.9% in the 1st quarter. Amundi now owns 258,708 shares of the financial services provider’s stock valued at $42,682,000 after purchasing an additional 230,087 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of MarketAxess during the second quarter worth about $9,585,000. Hsbc Holdings PLC lifted its stake in shares of MarketAxess by 638.7% during the first quarter. Hsbc Holdings PLC now owns 21,009 shares of the financial services provider’s stock worth $3,472,000 after purchasing an additional 18,165 shares in the last quarter. Bank of America Corp DE boosted its position in shares of MarketAxess by 32.4% in the first quarter. Bank of America Corp DE now owns 263,858 shares of the financial services provider’s stock worth $43,531,000 after buying an additional 64,627 shares during the period. Finally, BlackRock Inc. purchased a new stake in shares of MarketAxess in the second quarter worth about $453,941,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Trading Up 0.3%

NASDAQ:MKTX opened at $163.34 on Friday. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.08 and a beta of 0.83. MarketAxess Holdings Inc. has a one year low of $108.75 and a one year high of $195.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.85. The business’s 50-day simple moving average is $140.01 and its 200 day simple moving average is $150.25.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.The firm had revenue of $218.41 million during the quarter, compared to analyst estimates of $216.70 million. During the same quarter last year, the firm earned $2.00 EPS. MarketAxess’s quarterly revenue was down .5% on a year-over-year basis. As a group, sell-side analysts predict that MarketAxess Holdings Inc. will post 8.06 earnings per share for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, August 19th. MarketAxess’s dividend payout ratio is 36.79%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MKTX shares. UBS Group downgraded MarketAxess from a “buy” rating to a “neutral” rating and dropped their target price for the company from $200.00 to $167.00 in a report on Friday, July 31st. Piper Sandler decreased their price target on MarketAxess from $175.00 to $128.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. William Blair downgraded shares of MarketAxess from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 30th. Rothschild & Co Redburn reiterated a “neutral” rating and set a $134.00 price objective (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th. Finally, The Goldman Sachs Group dropped their price objective on shares of MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $156.10.

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.