Deutsche Bank AG Has $59.87 Million Position in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Deutsche Bank AG raised its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,872 shares of the financial services provider’s stock after purchasing an additional 43,576 shares during the quarter. Deutsche Bank AG’s holdings in MarketAxess were worth $59,872,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Colonial Trust Co SC lifted its stake in shares of MarketAxess by 20.2% during the 4th quarter. Colonial Trust Co SC now owns 422 shares of the financial services provider’s stock worth $95,000 after buying an additional 71 shares during the last quarter. Crestline Management LP lifted its position in MarketAxess by 26.4% during the fourth quarter. Crestline Management LP now owns 8,851 shares of the financial services provider’s stock worth $2,001,000 after acquiring an additional 1,850 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of MarketAxess by 7.6% during the fourth quarter. Cetera Investment Advisers now owns 3,340 shares of the financial services provider’s stock worth $755,000 after acquiring an additional 237 shares during the period. Centiva Capital LP grew its position in shares of MarketAxess by 484.5% in the fourth quarter. Centiva Capital LP now owns 7,569 shares of the financial services provider’s stock valued at $1,711,000 after purchasing an additional 6,274 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of MarketAxess by 6.3% in the fourth quarter. Captrust Financial Advisors now owns 2,981 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 177 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

MarketAxess Stock Performance

Shares of NASDAQ MKTX opened at $218.09 on Tuesday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 30.00, a PEG ratio of 3.89 and a beta of 0.89. The stock’s fifty day moving average is $217.03 and its 200 day moving average is $227.13. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.05. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. The firm had revenue of $208.58 million for the quarter, compared to the consensus estimate of $211.81 million. During the same period in the prior year, the company posted $1.92 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, May 21st. This represents a $3.04 annualized dividend and a dividend yield of 1.39%. MarketAxess’s dividend payout ratio is 52.87%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MKTX. Bank of America lifted their price target on MarketAxess from $189.00 to $191.00 and gave the stock an “underperform” rating in a report on Wednesday, April 2nd. William Blair began coverage on MarketAxess in a report on Friday, April 4th. They set an “outperform” rating for the company. UBS Group reduced their target price on shares of MarketAxess from $305.00 to $295.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Piper Sandler decreased their price target on shares of MarketAxess from $213.00 to $202.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Finally, Barclays lifted their price objective on shares of MarketAxess from $232.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $241.78.

MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.