Scout Investments Inc. Reduces Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)


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Scout Investments Inc. lessened its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,426 shares of the financial services provider’s stock after selling 320 shares during the period. Scout Investments Inc.’s holdings in MarketAxess were worth $11,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MKTX. BlackRock Inc. grew its stake in shares of MarketAxess by 3.4% in the 3rd quarter. BlackRock Inc. now owns 3,647,324 shares of the financial services provider’s stock valued at $1,756,515,000 after buying an additional 118,334 shares during the period. JPMorgan Chase & Co. grew its stake in shares of MarketAxess by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,641,992 shares of the financial services provider’s stock valued at $797,072,000 after buying an additional 48,152 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of MarketAxess by 2,386.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,212,082 shares of the financial services provider’s stock valued at $24,392,000 after buying an additional 1,163,338 shares during the period. Wells Fargo & Company MN grew its stake in shares of MarketAxess by 20.5% in the 3rd quarter. Wells Fargo & Company MN now owns 977,804 shares of the financial services provider’s stock valued at $470,902,000 after buying an additional 166,617 shares during the period. Finally, FMR LLC grew its stake in shares of MarketAxess by 98.5% in the 2nd quarter. FMR LLC now owns 226,349 shares of the financial services provider’s stock valued at $113,384,000 after buying an additional 112,329 shares during the period. 87.51% of the stock is owned by institutional investors.

In other MarketAxess news, Director Stephen P. Casper sold 750 shares of the firm’s stock in a transaction on Tuesday, December 15th. The shares were sold at an average price of $554.96, for a total transaction of $416,220.00. Following the transaction, the director now directly owns 10,600 shares of the company’s stock, valued at approximately $5,882,576. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Scott Pintoff sold 250 shares of the firm’s stock in a transaction on Tuesday, December 8th. The stock was sold at an average price of $566.13, for a total transaction of $141,532.50. Following the transaction, the general counsel now directly owns 7,589 shares in the company, valued at $4,296,360.57. The disclosure for this sale can be found here. Insiders sold a total of 69,462 shares of company stock worth $38,841,565 over the last ninety days. Insiders own 3.05% of the company’s stock.

Shares of NASDAQ:MKTX opened at $536.32 on Thursday. The company’s 50 day moving average is $555.95 and its two-hundred day moving average is $520.63. The company has a market cap of $20.36 billion, a PE ratio of 73.87 and a beta of 0.40. MarketAxess Holdings Inc. has a 52 week low of $275.49 and a 52 week high of $606.45.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Tuesday, October 27th. The financial services provider reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.04. The firm had revenue of $164.00 million for the quarter, compared to the consensus estimate of $138.13 million. MarketAxess had a net margin of 42.73% and a return on equity of 33.35%. The company’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $1.42 EPS. As a group, research analysts expect that MarketAxess Holdings Inc. will post 7.71 earnings per share for the current fiscal year.

MKTX has been the topic of several recent analyst reports. Compass Point upped their price objective on shares of MarketAxess from $500.00 to $575.00 and gave the stock a “neutral” rating in a report on Thursday, December 3rd. They noted that the move was a valuation call. Raymond James restated a “buy” rating on shares of MarketAxess in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of MarketAxess from $517.00 to $562.00 and gave the stock a “hold” rating in a report on Wednesday, October 28th. Loop Capital increased their target price on shares of MarketAxess from $621.00 to $631.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Finally, Zacks Investment Research lowered shares of MarketAxess from a “buy” rating to a “hold” rating and set a $590.00 target price on the stock. in a report on Thursday, December 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $508.73.

MarketAxess Profile

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.

Read More: Trading Ex-Dividend

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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