MarketAxess Holdings Inc. (MKTX) To Go Ex-Dividend on May 20th

MarketAxess Holdings Inc. (NASDAQ:MKTX) declared a quarterly dividend on Wednesday, April 15th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.78 per share by the financial services provider on Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, May 20th.

MarketAxess has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. MarketAxess has a dividend payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MarketAxess to earn $8.84 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 35.3%.

MarketAxess Price Performance

MKTX stock opened at $138.45 on Monday. The firm has a 50-day moving average price of $166.52 and a 200-day moving average price of $170.72. MarketAxess has a 12 month low of $137.27 and a 12 month high of $228.16. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.92 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 2.65 and a beta of 0.92.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.10. The company had revenue of $233.38 million for the quarter, compared to analyst estimates of $231.91 million. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.87 EPS. As a group, equities research analysts anticipate that MarketAxess will post 8.08 EPS for the current fiscal year.

Institutional Investors Weigh In On MarketAxess

A number of institutional investors have recently made changes to their positions in MKTX. Quantinno Capital Management LP increased its stake in shares of MarketAxess by 14.0% in the first quarter. Quantinno Capital Management LP now owns 46,990 shares of the financial services provider’s stock valued at $7,752,000 after buying an additional 5,761 shares during the period. Polar Asset Management Partners Inc. lifted its stake in shares of MarketAxess by 523.8% in the first quarter. Polar Asset Management Partners Inc. now owns 104,174 shares of the financial services provider’s stock worth $17,187,000 after acquiring an additional 87,474 shares during the period. Weiss Asset Management LP bought a new stake in MarketAxess in the first quarter valued at approximately $1,236,000. North Reef Capital Management LP increased its position in MarketAxess by 16.5% during the 1st quarter. North Reef Capital Management LP now owns 1,875,000 shares of the financial services provider’s stock valued at $309,338,000 after purchasing an additional 265,670 shares during the period. Finally, Waverly Advisors LLC increased its position in MarketAxess by 16.1% during the 1st quarter. Waverly Advisors LLC now owns 3,366 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 466 shares during the period. Institutional investors own 99.01% of the company’s stock.

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.