MarketAxess Holdings Inc. (MKTX) to Issue Quarterly Dividend of $0.78 on September 2nd

MarketAxess Holdings Inc. (NASDAQ:MKTX) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Wednesday, August 19th will be given a dividend of 0.78 per share by the financial services provider on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 19th.

MarketAxess has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. MarketAxess has a payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MarketAxess to earn $8.75 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 35.7%.

MarketAxess Stock Performance

Shares of MKTX opened at $162.57 on Monday. The firm has a market cap of $5.72 billion, a PE ratio of 19.17, a PEG ratio of 4.12 and a beta of 0.83. The stock’s fifty day moving average price is $127.52 and its two-hundred day moving average price is $150.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85. MarketAxess has a 1 year low of $108.75 and a 1 year high of $195.96.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.The company had revenue of $218.41 million during the quarter, compared to the consensus estimate of $216.70 million. During the same quarter in the prior year, the company earned $2.00 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that MarketAxess will post 8.05 EPS for the current year.

Institutional Investors Weigh In On MarketAxess

A number of institutional investors and hedge funds have recently modified their holdings of MKTX. Azora Capital LP purchased a new position in MarketAxess during the second quarter valued at approximately $58,230,000. Bank of America Corp DE bought a new stake in MarketAxess during the 2nd quarter worth approximately $34,446,000. Freestone Grove Partners LP bought a new position in MarketAxess in the 2nd quarter valued at $19,611,000. Caisse de depot et placement du Quebec bought a new position in MarketAxess in the 2nd quarter valued at $2,611,000. Finally, Odyssean LLC purchased a new position in shares of MarketAxess during the 2nd quarter valued at $415,000. 99.01% of the stock is owned by hedge funds and other institutional investors.

MarketAxess Company 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.