Sanctuary Advisors LLC Invests $1.32 Million in MarketAxess Holdings Inc. $MKTX

Sanctuary Advisors LLC acquired a new stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,676 shares of the financial services provider’s stock, valued at approximately $1,325,000.

Several other large investors also recently modified their holdings of MKTX. MUFG Securities EMEA plc acquired a new position in MarketAxess in the second quarter valued at $25,000. Geneos Wealth Management Inc. grew its holdings in MarketAxess by 200.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 120 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 80 shares during the period. Activest Wealth Management acquired a new stake in MarketAxess during the 4th quarter worth about $28,000. Versant Capital Management Inc raised its position in shares of MarketAxess by 215.3% in the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 267 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of MarketAxess in the 2nd quarter worth about $49,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MKTX shares. UBS Group lowered MarketAxess from a “buy” rating to a “neutral” rating and cut their target price for the company from $200.00 to $167.00 in a research report on Friday, July 31st. Benchmark reiterated a “buy” rating on shares of MarketAxess in a report on Wednesday, July 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $167.00 price target (up from $150.00) on shares of MarketAxess in a research note on Tuesday, August 11th. Rothschild & Co Redburn restated a “neutral” rating and set a $134.00 price target (down from $189.00) on shares of MarketAxess in a report on Thursday, June 11th. Finally, The Goldman Sachs Group reduced their price objective on shares of MarketAxess from $168.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MarketAxess has an average rating of “Hold” and a consensus target price of $156.10.

MarketAxess Trading Down 0.0%

NASDAQ MKTX opened at $162.46 on Friday. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.07 and a beta of 0.83. MarketAxess Holdings Inc. has a 52 week low of $108.75 and a 52 week high of $195.96. The business has a 50 day moving average price of $135.29 and a 200-day moving average price of $150.74. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.09.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. MarketAxess had a return on equity of 22.48% and a net margin of 35.22%.The company had revenue of $218.41 million for the quarter, compared to analysts’ expectations of $216.70 million. During the same period last year, the business earned $2.00 EPS. MarketAxess’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts expect that MarketAxess Holdings Inc. will post 8.06 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.12 annualized dividend and a dividend yield of 1.9%. MarketAxess’s payout ratio is presently 36.79%.

MarketAxess Company 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.