MarketAxess Holdings Inc. $MKTX Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 190.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,364 shares of the financial services provider’s stock after acquiring an additional 23,850 shares during the period. WINTON GROUP Ltd owned approximately 0.10% of MarketAxess worth $6,591,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its stake in shares of MarketAxess by 1.8% in the 3rd quarter. Fifth Third Bancorp now owns 3,323 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 60 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of MarketAxess by 4.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,676 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 67 shares during the period. Ancora Advisors LLC lifted its stake in shares of MarketAxess by 1.9% in the 3rd quarter. Ancora Advisors LLC now owns 3,522 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 67 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of MarketAxess by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 4,203 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 69 shares during the period. Finally, Alamar Capital Management LLC lifted its stake in shares of MarketAxess by 0.5% in the 3rd quarter. Alamar Capital Management LLC now owns 16,832 shares of the financial services provider’s stock worth $2,933,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Down 3.1%

Shares of NASDAQ MKTX opened at $116.93 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.19. MarketAxess Holdings Inc. has a 52 week low of $115.55 and a 52 week high of $228.16. The firm has a 50-day moving average price of $152.58 and a 200 day moving average price of $167.09. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.63 and a beta of 0.86.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $2.25 EPS for the quarter, beating 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 firm had revenue of $233.38 million during the quarter, compared to analysts’ expectations of $231.91 million. During the same quarter last year, the business earned $1.87 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that MarketAxess Holdings Inc. will post 8.04 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, May 20th. MarketAxess’s dividend payout ratio (DPR) is 36.88%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Argus cut shares of MarketAxess from a “buy” rating to a “hold” rating in a research note on Tuesday, March 17th. Wall Street Zen upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Keefe, Bruyette & Woods started coverage on shares of MarketAxess in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price objective for the company. UBS Group reduced their price objective on shares of MarketAxess from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Weiss Ratings cut shares of MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MarketAxess currently has an average rating of “Hold” and an average target price of $190.88.

MarketAxess 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.