MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC cut its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 151,015 shares of the financial services provider’s stock after selling 19,030 shares during the period. MarketAxess accounts for about 0.7% of GW&K Investment Management LLC’s holdings, making the stock its 29th biggest position. GW&K Investment Management LLC’s holdings in MarketAxess were worth $49,458,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in MarketAxess in the 2nd quarter valued at $36,000. First Hawaiian Bank raised its holdings in MarketAxess by 6.9% in the 2nd quarter. First Hawaiian Bank now owns 1,365 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 88 shares during the last quarter. Strs Ohio acquired a new position in MarketAxess in the 2nd quarter valued at $335,000. Evolution Wealth Advisors LLC acquired a new stake in shares of MarketAxess during the 2nd quarter worth $78,000. Finally, Natixis increased its holdings in shares of MarketAxess by 91.8% during the 2nd quarter. Natixis now owns 301,784 shares of the financial services provider’s stock worth $96,999,000 after buying an additional 144,431 shares during the last quarter. Institutional investors own 98.81% of the company’s stock.

Shares of MKTX stock traded down $2.45 on Friday, reaching $347.15. 230,900 shares of the stock were exchanged, compared to its average volume of 362,773. The company has a quick ratio of 9.47, a current ratio of 9.47 and a debt-to-equity ratio of 0.13. MarketAxess Holdings Inc. has a 1-year low of $199.04 and a 1-year high of $421.45. The firm has a 50 day moving average of $345.26 and a two-hundred day moving average of $336.02. The stock has a market cap of $12.99 billion, a P/E ratio of 75.96 and a beta of 0.16.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.51 per share. This is a boost from MarketAxess’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, November 5th. This represents a $2.04 annualized dividend and a dividend yield of 0.59%. MarketAxess’s dividend payout ratio (DPR) is presently 44.64%.

In related news, Director Richard Leon Prager purchased 1,000 shares of MarketAxess stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $358.49 per share, with a total value of $358,490.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.28% of the company’s stock.

A number of research firms have recently commented on MKTX. Barclays set a $325.00 price objective on MarketAxess and gave the stock a “hold” rating in a report on Friday, October 11th. ValuEngine downgraded MarketAxess from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Argus began coverage on MarketAxess in a report on Thursday, August 29th. They set a “hold” rating for the company. Deutsche Bank upped their price objective on MarketAxess from $347.00 to $349.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group upped their price objective on MarketAxess from $318.00 to $339.00 and gave the stock a “hold” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a strong buy rating to the stock. MarketAxess presently has a consensus rating of “Hold” and a consensus target price of $296.67.

MarketAxess Company 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.

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Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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