MarketAxess Holdings Inc. (NASDAQ:MKTX) Plans Quarterly Dividend of $0.78

MarketAxess Holdings Inc. (NASDAQ:MKTX) announced a quarterly dividend on Friday, October 23rd. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.78 per share by the financial services provider on Wednesday, November 25th. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, November 10th.

MarketAxess has a payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MarketAxess to earn $8.78 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 35.5%.

MarketAxess Trading Up 0.0%

Shares of NASDAQ:MKTX traded up $0.01 during trading hours on Friday, hitting $164.67. 982,285 shares of the company’s stock traded hands, compared to its average volume of 803,831. MarketAxess has a 1 year low of $108.75 and a 1 year high of $195.96. The business has a fifty day moving average price of $163.52 and a 200-day moving average price of $146.94. The firm has a market capitalization of $5.79 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.16 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Friday, October 23rd. The financial services provider reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.09). MarketAxess had a return on equity of 22.48% and a net margin of 35.22%. The business had revenue of $210.41 million during the quarter, compared to analysts’ expectations of $218.98 million. During the same quarter in the previous year, the company posted $1.84 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts expect that MarketAxess will post 8.08 earnings per share for the current year.

Analyst Ratings Changes

MKTX has been the topic of a number of recent analyst reports. William Blair lowered MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 30th. Barclays boosted their target price on shares of MarketAxess from $132.00 to $167.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Morgan Stanley upped their price target on shares of MarketAxess from $129.00 to $167.00 and gave the stock an “equal weight” rating in a report on Friday, October 9th. Keefe, Bruyette & Woods reaffirmed 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. Finally, Benchmark reiterated a “buy” rating on shares of MarketAxess in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $159.44.

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for fixed-income securities and related market data services. The company connects institutional investors, broker-dealers and other market participants, enabling them to trade corporate bonds, government bonds, emerging-market debt and other credit products through digital workflows.

Its offerings include electronic request-for-quote trading, all-to-all trading through its Open Trading marketplace, portfolio trading, and tools designed to support pricing, liquidity discovery and trade execution.