Key Points
- Scott Pintoff, MarketAxess’ general counsel, sold 100 shares on May 11 at an average price of $146.99, totaling $14,699. After the sale, he still owned 11,886 shares, and the trade trimmed his position by 0.83%.
- MarketAxess reported stronger-than-expected quarterly results on May 7, with EPS of $2.25 versus the $2.15 consensus and revenue of $233.38 million, up 11.9% year over year.
- The company declared a quarterly dividend of $0.78 per share, payable June 3 to shareholders of record on May 20, implying an annualized dividend of $3.12 and a 2.1% yield.
MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) General Counsel Scott Pintoff sold 100 shares of the business's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $146.99, for a total transaction of $14,699.00. Following the completion of the sale, the general counsel directly owned 11,886 shares in the company, valued at approximately $1,747,123.14. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 Performance
NASDAQ MKTX opened at $145.21 on Tuesday. The company's 50 day moving average is $170.67 and its 200-day moving average is $171.58. MarketAxess Holdings Inc. has a 12-month low of $144.31 and a 12-month high of $230.52. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.19. The firm has a market cap of $5.16 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted 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. MarketAxess had a net margin of 35.53% and a return on equity of 22.28%. The company had revenue of $233.38 million for the quarter, compared to analyst estimates of $231.91 million. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company's quarterly revenue was up 11.9% compared to the same quarter last year. Sell-side analysts predict that MarketAxess Holdings Inc. will post 8.13 earnings per share for the current year.
MarketAxess Announces Dividend
The company also recently announced 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. This represents a $3.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, May 20th. MarketAxess's dividend payout ratio is 36.88%.
Hedge Funds Weigh In On MarketAxess
A number of hedge funds and other institutional investors have recently bought and sold shares of MKTX. MUFG Securities EMEA plc purchased a new position in MarketAxess in the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. grew its stake in MarketAxess by 200.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider's stock worth $26,000 after buying an additional 80 shares in the last quarter. Activest Wealth Management purchased a new position in MarketAxess in the 4th quarter worth approximately $28,000. Pilgrim Partners Asia Pte Ltd purchased a new position in MarketAxess in the 3rd quarter worth approximately $38,000. Finally, Stance Capital LLC purchased a new position in MarketAxess in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 99.01% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Barclays decreased their target price on shares of MarketAxess from $189.00 to $170.00 and set an "equal weight" rating on the stock in a report on Monday. Piper Sandler decreased their target price on shares of MarketAxess from $180.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, January 14th. UBS Group decreased their target price on shares of MarketAxess from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Monday. Wall Street Zen raised shares of MarketAxess from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of MarketAxess in a report on Wednesday, April 8th. They set an "outperform" rating and a $195.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $190.88.
Check Out Our Latest Research Report on MarketAxess
About MarketAxess
(
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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