Quantinno Capital Management LP Purchases 5,761 Shares of MarketAxess Holdings Inc. $MKTX

Quantinno Capital Management LP grew its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 14.0% during the 1st quarter, HoldingsChannel reports. The firm owned 46,990 shares of the financial services provider’s stock after purchasing an additional 5,761 shares during the quarter. Quantinno Capital Management LP’s holdings in MarketAxess were worth $7,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Primecap Management Co. CA raised its stake in MarketAxess by 42.4% during the 4th quarter. Primecap Management Co. CA now owns 3,175,425 shares of the financial services provider’s stock worth $575,546,000 after buying an additional 944,830 shares during the period. AQR Capital Management LLC grew its stake in MarketAxess by 169.0% in the fourth quarter. AQR Capital Management LLC now owns 2,558,097 shares of the financial services provider’s stock valued at $463,655,000 after acquiring an additional 1,607,009 shares during the period. North Reef Capital Management LP grew its stake in MarketAxess by 16.5% in the first 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 acquiring an additional 265,670 shares during the period. State Street Corp increased its holdings in shares of MarketAxess by 4.6% in the second quarter. State Street Corp now owns 1,532,696 shares of the financial services provider’s stock worth $342,312,000 after acquiring an additional 67,290 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of MarketAxess by 5,086.4% in the fourth quarter. Bank of Montreal Can now owns 951,024 shares of the financial services provider’s stock worth $172,373,000 after acquiring an additional 932,687 shares in the last quarter. 99.01% of the stock is owned by institutional investors.

MarketAxess Stock Performance

Shares of MarketAxess stock opened at $162.41 on Thursday. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 4.12 and a beta of 0.83. The stock’s 50-day moving average is $122.24 and its 200-day moving average is $151.46. MarketAxess Holdings Inc. has a one year low of $108.75 and a one year high of $200.90. 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 posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $218.00 million during the quarter, compared to the consensus estimate of $216.70 million. During the same period last year, the company earned $2.00 earnings per share. MarketAxess’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts predict that MarketAxess Holdings Inc. will post 8.04 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. MarketAxess’s dividend payout ratio is 36.79%.

Wall Street Analyst Weigh In

MKTX has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating on shares of MarketAxess in a research report on Wednesday, July 8th. Rothschild & Co Redburn reissued a “neutral” rating and set a $134.00 target price (down from $189.00) on shares of MarketAxess in a research note on Thursday, June 11th. The Goldman Sachs Group dropped their target price on shares of MarketAxess from $168.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Keefe, Bruyette & Woods initiated coverage on shares of MarketAxess in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $195.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of MarketAxess in a report on Monday. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MarketAxess currently has an average rating of “Hold” and an average target price of $160.18.

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.