MarketAxess Holdings Inc. (MKTX) To Go Ex-Dividend on August 19th

MarketAxess Holdings Inc. (NASDAQ:MKTX) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.78 per share by the financial services provider on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th.

MarketAxess has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. MarketAxess has a payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect MarketAxess to earn $8.75 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 35.7%.

MarketAxess Stock Performance

Shares of NASDAQ MKTX opened at $162.57 on Monday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 4.12 and a beta of 0.83. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. MarketAxess has a 1-year low of $108.75 and a 1-year high of $195.96. The stock’s 50-day moving average is $127.52 and its 200 day moving average is $150.94.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. The business had revenue of $218.41 million for the quarter, compared to analysts’ expectations of $216.70 million. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $2.00 earnings per share. On average, sell-side analysts anticipate that MarketAxess will post 8.05 EPS for the current fiscal year.

Institutional Trading of MarketAxess

A number of institutional investors have recently modified their holdings of MKTX. Azora Capital LP bought a new stake in shares of MarketAxess in the second quarter worth about $58,230,000. Bank of America Corp DE bought a new position in MarketAxess during the 2nd quarter valued at approximately $34,446,000. Freestone Grove Partners LP purchased a new stake in MarketAxess in the 2nd quarter worth approximately $19,611,000. Caisse de depot et placement du Quebec bought a new stake in shares of MarketAxess in the 2nd quarter worth approximately $2,611,000. Finally, Odyssean LLC bought a new stake in shares of MarketAxess in the 2nd quarter worth approximately $415,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

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.