5,171 Shares in MarketAxess Holdings Inc. $MKTX Acquired by Krilogy Financial LLC

Krilogy Financial LLC acquired a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 5,171 shares of the financial services provider’s stock, valued at approximately $833,000.

Other large investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in shares of MarketAxess by 393.0% during the second quarter. Prudential Financial Inc. now owns 98,271 shares of the financial services provider’s stock worth $21,948,000 after acquiring an additional 78,336 shares in the last quarter. Nordea Investment Management AB increased its position in MarketAxess by 16.4% in the 2nd quarter. Nordea Investment Management AB now owns 19,734 shares of the financial services provider’s stock worth $4,334,000 after purchasing an additional 2,784 shares during the last quarter. Ethic Inc. raised its stake in shares of MarketAxess by 190.6% during the 2nd quarter. Ethic Inc. now owns 3,104 shares of the financial services provider’s stock worth $682,000 after purchasing an additional 2,036 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of MarketAxess during the 2nd quarter worth about $866,000. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in shares of MarketAxess by 238.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 3,888 shares of the financial services provider’s stock valued at $868,000 after buying an additional 2,738 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MKTX shares. Zacks Research upgraded MarketAxess from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings raised shares of MarketAxess from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Piper Sandler cut their price target on shares of MarketAxess from $180.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on shares of MarketAxess from $194.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, November 10th. Finally, Wall Street Zen upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MarketAxess currently has an average rating of “Hold” and an average target price of $200.40.

MarketAxess Price Performance

Shares of MarketAxess stock opened at $179.36 on Friday. The company has a current ratio of 3.42, a quick ratio of 2.60 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $174.77 and a 200-day simple moving average of $176.38. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 4.33 and a beta of 0.97. MarketAxess Holdings Inc. has a 1-year low of $156.17 and a 1-year high of $232.84.

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

MarketAxess Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be paid a $0.78 dividend. The ex-dividend date is Wednesday, February 18th. This is a boost from MarketAxess’s previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.7%. MarketAxess’s dividend payout ratio is presently 45.65%.

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.