Segall Bryant & Hamill LLC lessened its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 19.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,647 shares of the financial services provider’s stock after selling 4,617 shares during the period. Segall Bryant & Hamill LLC’s holdings in MarketAxess were worth $3,762,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in MKTX. Nationwide Fund Advisors boosted its position in shares of MarketAxess by 1.4% in the third quarter. Nationwide Fund Advisors now owns 218,950 shares of the financial services provider’s stock valued at $40,398,000 after acquiring an additional 2,925 shares during the period. Sei Investments Co. boosted its position in shares of MarketAxess by 7.4% in the third quarter. Sei Investments Co. now owns 28,684 shares of the financial services provider’s stock valued at $5,292,000 after acquiring an additional 1,978 shares during the period. Bank of New York Mellon Corp boosted its position in shares of MarketAxess by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 421,103 shares of the financial services provider’s stock valued at $77,697,000 after acquiring an additional 2,063 shares during the period. Russell Investments Group Ltd. boosted its position in shares of MarketAxess by 6.4% in the third quarter. Russell Investments Group Ltd. now owns 44,696 shares of the financial services provider’s stock valued at $8,247,000 after acquiring an additional 2,703 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of MarketAxess in the third quarter valued at about $817,000. 99.81% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reissued a “market perform” rating on shares of MarketAxess in a research report on Monday, January 22nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $215.00 price objective on shares of MarketAxess in a research report on Friday, December 22nd. Zacks Investment Research raised shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut shares of MarketAxess from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Goldman Sachs cut shares of MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. MarketAxess presently has a consensus rating of “Hold” and a consensus price target of $214.40.
MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. MarketAxess had a net margin of 37.26% and a return on equity of 29.54%. The business had revenue of $99.57 million during the quarter, compared to analysts’ expectations of $98.70 million. equities analysts predict that MarketAxess Holdings Inc. will post 4.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.42 per share. This is a boost from MarketAxess’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, February 13th. This represents a $1.68 annualized dividend and a yield of 0.76%. MarketAxess’s dividend payout ratio is currently 43.19%.
In other news, CFO Antonio L. Delise sold 8,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $200.67, for a total value of $1,605,360.00. Following the completion of the transaction, the chief financial officer now owns 45,696 shares of the company’s stock, valued at $9,169,816.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard M. Mcvey sold 35,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $190.61, for a total transaction of $6,671,350.00. Following the completion of the transaction, the chief executive officer now directly owns 1,115,767 shares of the company’s stock, valued at approximately $212,676,347.87. The disclosure for this sale can be found here. Insiders have sold 55,125 shares of company stock valued at $10,849,545 in the last ninety days. 4.02% of the stock is currently owned by company insiders.
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MarketAxess Company Profile
MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.
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