Key Points
- Scott Pintoff, MarketAxess's general counsel, sold 100 shares on January 12 at an average price of $168.63 for proceeds of $16,863, reducing his stake to 9,638 shares (a 1.03% decrease); the transaction was disclosed in an SEC filing.
- MarketAxess reported quarterly EPS of $1.84 (beating estimates) but revenue of $208.82 million (slightly below estimates), with a net margin of 26.16% and return on equity of 20.20%.
- The company pays a quarterly dividend of $0.76 (annualized $3.04, ~1.8% yield), has a market cap of about $6.32 billion, and carries a consensus analyst rating of "Hold" with a $202.91 target amid recent price-target cuts.
MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) General Counsel Scott Pintoff sold 100 shares of the company's stock in a transaction on Monday, January 12th. The stock was sold at an average price of $168.63, for a total transaction of $16,863.00. Following the completion of the sale, the general counsel owned 9,638 shares of the company's stock, valued at approximately $1,625,255.94. The trade was a 1.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MarketAxess Price Performance
MKTX opened at $170.10 on Tuesday. MarketAxess Holdings Inc. has a fifty-two week low of $156.17 and a fifty-two week high of $232.84. The firm has a market capitalization of $6.32 billion, a P/E ratio of 28.93, a PEG ratio of 5.64 and a beta of 0.97. The company's 50-day moving average is $172.42 and its 200 day moving average is $183.43.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.69 by $0.15. MarketAxess had a net margin of 26.16% and a return on equity of 20.20%. The firm had revenue of $208.82 million during the quarter, compared to analyst estimates of $212.59 million. During the same quarter last year, the business posted $1.90 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.
MarketAxess Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were given a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $3.04 annualized dividend and a yield of 1.8%. MarketAxess's payout ratio is currently 51.70%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of MKTX. MUFG Securities EMEA plc bought a new stake in MarketAxess during the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. grew its position in shares of MarketAxess by 200.0% in the first quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 80 shares in the last quarter. True Wealth Design LLC grew its position in shares of MarketAxess by 992.9% in the second quarter. True Wealth Design LLC now owns 153 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 139 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of MarketAxess during the 2nd quarter valued at $37,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in MarketAxess during the 3rd quarter worth about $38,000. 99.01% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of MarketAxess from $209.00 to $204.00 and set an "equal weight" rating for the company in a research report on Monday, December 22nd. Argus reduced their target price on shares of MarketAxess from $212.00 to $205.00 and set a "buy" rating for the company in a research report on Wednesday, December 17th. Barclays decreased their price target on shares of MarketAxess from $188.00 to $182.00 and set an "equal weight" rating for the company in a research note on Thursday. Weiss Ratings reiterated a "sell (d+)" rating on shares of MarketAxess in a research note on Monday, December 29th. Finally, Zacks Research raised MarketAxess from a "strong sell" rating to a "hold" rating in a research report on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $202.91.
Read Our Latest Stock Report on MKTX
MarketAxess Company Profile
(
Get Free Report)
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.
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