MarketAxess (NASDAQ:MKTX) General Counsel Scott Pintoff Sells 100 Shares of Stock

MarketAxess Holdings Inc. (NASDAQ:MKTX) General Counsel Scott Pintoff sold 100 shares of MarketAxess stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $146.99, for a total transaction of $14,699.00. Following the transaction, the general counsel owned 11,886 shares of the company’s stock, valued at $1,747,123.14. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Scott Pintoff also recently made the following trade(s):

• On Friday, April 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The shares were sold at an average price of $171.96, for a total transaction of $17,196.00.

MarketAxess Stock Down 1.6%

Shares of NASDAQ MKTX opened at $145.21 on Tuesday. The stock has a market capitalization of $5.16 billion, a P/E ratio of 17.16, a P/E/G ratio of 2.26 and a beta of 0.92. The company has a 50-day moving average price of $170.67 and a 200-day moving average price of $171.58. MarketAxess Holdings Inc. has a 1 year low of $144.31 and a 1 year high of $230.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.17 and a quick ratio of 2.17.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.10. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The business had revenue of $233.38 million for the quarter, compared to analysts’ expectations of $231.91 million. During the same period in the previous year, the company earned $1.87 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that MarketAxess Holdings Inc. will post 8.13 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be issued a dividend of $0.78 per share. The ex-dividend date is Wednesday, May 20th. This represents a $3.12 annualized dividend and a yield of 2.1%. MarketAxess’s payout ratio is 36.88%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in MarketAxess by 1.8% in the third quarter. Fifth Third Bancorp now owns 3,323 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 60 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in MarketAxess by 4.2% in the third quarter. Jones Financial Companies Lllp now owns 1,676 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 67 shares during the last quarter. Ancora Advisors LLC raised its position in shares of MarketAxess by 1.9% in the third quarter. Ancora Advisors LLC now owns 3,522 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 67 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of MarketAxess by 1.7% in the second quarter. Orion Porfolio Solutions LLC now owns 4,203 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 69 shares during the period. Finally, Krilogy Financial LLC raised its position in shares of MarketAxess by 1.0% in the first quarter. Krilogy Financial LLC now owns 7,884 shares of the financial services provider’s stock valued at $1,368,000 after purchasing an additional 77 shares during the period. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MKTX has been the topic of several analyst reports. UBS Group cut their price target on shares of MarketAxess from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Monday. Argus cut shares of MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. Weiss Ratings cut shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods initiated coverage on shares of MarketAxess in a report on Wednesday, April 8th. They set an “outperform” rating and a $195.00 price target on the stock. Finally, Barclays cut their price target on shares of MarketAxess from $189.00 to $170.00 and set an “equal weight” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $190.88.

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.