Voya Investment Management LLC Has $1.01 Million Holdings in MarketAxess Holdings Inc. $MKTX

Voya Investment Management LLC lessened its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 47.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,790 shares of the financial services provider’s stock after selling 5,218 shares during the quarter. Voya Investment Management LLC’s holdings in MarketAxess were worth $1,009,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Prudential Financial Inc. lifted its holdings in MarketAxess by 393.0% in the 2nd quarter. Prudential Financial Inc. now owns 98,271 shares of the financial services provider’s stock worth $21,948,000 after purchasing an additional 78,336 shares during the last quarter. Nordea Investment Management AB raised its position in shares of MarketAxess by 16.4% in the second quarter. Nordea Investment Management AB now owns 19,734 shares of the financial services provider’s stock valued at $4,334,000 after purchasing an additional 2,784 shares during the period. Ethic Inc. lifted its stake in shares of MarketAxess by 190.6% in the second quarter. Ethic Inc. now owns 3,104 shares of the financial services provider’s stock worth $682,000 after buying an additional 2,036 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of MarketAxess in the first quarter worth $543,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of MarketAxess during the 1st quarter worth $635,000. Institutional investors and hedge funds own 99.01% of the company’s stock.

MarketAxess Stock Performance

Shares of MKTX stock opened at $182.51 on Wednesday. MarketAxess Holdings Inc. has a 52 week low of $156.17 and a 52 week high of $232.84. The stock has a market capitalization of $6.78 billion, a PE ratio of 31.04, a PEG ratio of 6.65 and a beta of 1.00. The stock’s fifty day moving average is $170.34 and its 200-day moving average is $186.32.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. The firm had revenue of $208.82 million during the quarter, compared to analysts’ expectations of $212.59 million. MarketAxess had a net margin of 26.16% and a return on equity of 20.20%. MarketAxess’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.90 EPS. As a group, analysts forecast that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 19th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, November 19th. MarketAxess’s payout ratio is currently 51.70%.

Analyst Upgrades and Downgrades

MKTX has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of MarketAxess in a research report on Monday. Keefe, Bruyette & Woods raised their price target on shares of MarketAxess from $194.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, November 10th. Piper Sandler set a $180.00 price objective on shares of MarketAxess in a research report on Tuesday, October 14th. Argus decreased their price objective on MarketAxess from $212.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, December 17th. Finally, UBS Group decreased their price target on shares of MarketAxess from $255.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $204.82.

MarketAxess 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.