Key Points
- General Counsel Scott Pintoff sold 100 MarketAxess shares for $164.80 each, totaling $16,480; he retained 11,286 shares after the sale.
- MarketAxess reported quarterly EPS of $1.86 and revenue of $210.41 million, both below analyst expectations, though revenue increased 0.8% year over year.
- The company announced a quarterly dividend of $0.78 per share, equivalent to an annualized yield of 1.9%; analysts’ consensus rating was Hold.
MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) General Counsel Scott Pintoff sold 100 shares of the firm's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $164.80, for a total value of $16,480.00. Following the completion of the sale, the general counsel directly owned 11,286 shares in the company, valued at $1,859,932.80. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Scott Pintoff also recently made the following trade(s):
- On Monday, October 12th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $164.65, for a total value of $16,465.00.
- On Thursday, September 10th, Scott Pintoff sold 100 shares of MarketAxess stock. The stock was sold at an average price of $163.32, for a total value of $16,332.00.
MarketAxess Trading Down 0.4%
Shares of MarketAxess stock opened at $165.08 on Wednesday. The company's fifty day simple moving average is $164.21 and its 200-day simple moving average is $155.24. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.22 and a beta of 0.83. The company has a current ratio of 2.01, a quick ratio of 1.85 and a debt-to-equity ratio of 0.07. MarketAxess Holdings Inc. has a 1 year low of $108.75 and a 1 year high of $195.96.
MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings data on Friday, October 23rd. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.09). The company had revenue of $210.41 million for the quarter, compared to the consensus estimate of $218.98 million. MarketAxess had a return on equity of 22.75% and a net margin of 33.51%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 EPS. As a group, sell-side analysts expect that MarketAxess Holdings Inc. will post 7.98 EPS for the current year.
MarketAxess Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.12 dividend on an annualized basis and a yield of 1.9%. MarketAxess's dividend payout ratio (DPR) is 38.19%.
Institutional Investors Weigh In On MarketAxess
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of MarketAxess in the 2nd quarter valued at approximately $453,941,000. Primecap Management Co. CA bought a new position in shares of MarketAxess during the 2nd quarter worth approximately $397,772,000. North Reef Capital Management LP boosted its stake in MarketAxess by 16.5% in 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 buying an additional 265,670 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in MarketAxess by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 581,484 shares of the financial services provider's stock valued at $95,933,000 after buying an additional 54,503 shares in the last quarter. Finally, Azora Capital LP bought a new stake in MarketAxess in the second quarter valued at $58,230,000. 99.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
MKTX has been the subject of several recent research reports. Keefe, Bruyette & Woods cut MarketAxess from an "outperform" rating to a "market perform" rating and upped their price target for the company from $150.00 to $167.00 in a report on Tuesday, August 11th. Piper Sandler decreased their price objective on MarketAxess from $175.00 to $128.00 and set a "neutral" rating on the stock in a report on Wednesday, July 15th. Barclays boosted their price objective on MarketAxess from $132.00 to $167.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. William Blair cut MarketAxess from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of MarketAxess from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $159.44.
View Our Latest Stock Report on MarketAxess
About MarketAxess
(
Get Free Report)
MarketAxess Holdings Inc. operates an electronic trading platform for fixed-income securities. Its marketplace connects institutional investors and broker-dealers, enabling them to trade bonds and other debt instruments through electronic tools such as request-for-quote and open trading protocols. The platform supports trading across a range of fixed-income markets, including U.S. and European corporate bonds, U.S. Treasuries, municipal bonds, emerging-market debt and other securities. MarketAxess also provides market data and trading analytics to help clients assess prices and make trading decisions.
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