Keybank National Association OH Buys 14,846 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Keybank National Association OH lifted its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,673 shares of the financial services provider’s stock after acquiring an additional 14,846 shares during the period. Keybank National Association OH owned approximately 0.32% of MarketAxess worth $40,176,000 at the end of the most recent quarter.

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Several other hedge funds also recently modified their holdings of MKTX. Stephens Inc. AR lifted its stake in shares of MarketAxess by 1.3% during the 3rd quarter. Stephens Inc. AR now owns 2,570 shares of the financial services provider’s stock worth $842,000 after buying an additional 33 shares during the last quarter. CWM LLC lifted its stake in shares of MarketAxess by 60.7% during the 2nd quarter. CWM LLC now owns 90 shares of the financial services provider’s stock worth $29,000 after buying an additional 34 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of MarketAxess by 0.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,340 shares of the financial services provider’s stock worth $2,359,000 after buying an additional 40 shares during the last quarter. Capital Bank & Trust Co lifted its stake in shares of MarketAxess by 25.0% during the 2nd quarter. Capital Bank & Trust Co now owns 210 shares of the financial services provider’s stock worth $67,000 after buying an additional 42 shares during the last quarter. Finally, Advisor Partners LLC lifted its stake in shares of MarketAxess by 4.8% during the 3rd quarter. Advisor Partners LLC now owns 936 shares of the financial services provider’s stock worth $307,000 after buying an additional 43 shares during the last quarter. 98.29% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on MKTX shares. Argus assumed coverage on shares of MarketAxess in a research note on Thursday, August 29th. They set a “hold” rating for the company. Barclays set a $325.00 price target on shares of MarketAxess and gave the stock a “hold” rating in a research report on Friday, October 11th. BidaskClub lowered shares of MarketAxess from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Jefferies Financial Group raised their price target on shares of MarketAxess from $318.00 to $339.00 and gave the stock a “hold” rating in a research report on Friday, September 27th. Finally, Deutsche Bank raised their price target on shares of MarketAxess from $347.00 to $349.00 and gave the stock a “hold” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $296.67.

Shares of MKTX traded up $1.84 during mid-day trading on Friday, reaching $381.06. The company had a trading volume of 203,800 shares, compared to its average volume of 358,975. The company’s 50 day simple moving average is $347.89 and its 200 day simple moving average is $338.50. MarketAxess Holdings Inc. has a 1-year low of $199.04 and a 1-year high of $421.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.47 and a current ratio of 9.47. The company has a market capitalization of $13.82 billion, a price-to-earnings ratio of 83.38 and a beta of 0.16.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. MarketAxess had a net margin of 40.58% and a return on equity of 30.89%. The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $130.00 million. During the same period last year, the company posted $1.02 EPS. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 5.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This is an increase from MarketAxess’s previous quarterly dividend of $0.20. This represents a $2.04 annualized dividend and a yield of 0.54%. MarketAxess’s dividend payout ratio (DPR) is currently 44.64%.

In other news, insider Nicholas Themelis sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $348.66, for a total value of $1,394,640.00. Following the transaction, the insider now owns 49,314 shares in the company, valued at approximately $17,193,819.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard M. Mcvey sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $348.56, for a total transaction of $6,971,200.00. Following the completion of the transaction, the chief executive officer now owns 1,045,795 shares in the company, valued at approximately $364,522,305.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,500 shares of company stock worth $9,640,485. 3.28% of the stock is owned by corporate insiders.

About MarketAxess

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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