Focus Partners Advisor Solutions LLC Acquires 4,942 Shares of MarketAxess Holdings Inc. $MKTX

by · The Cerbat Gem

Focus Partners Advisor Solutions LLC increased its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX – Free Report) by 60.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,082 shares of the financial services provider’s stock after buying an additional 4,942 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in MarketAxess were worth $2,371,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Fifth Third Bancorp grew its holdings in shares of MarketAxess by 1.8% in the third quarter. Fifth Third Bancorp now owns 3,323 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 60 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in MarketAxess by 4.2% during the third quarter. Jones Financial Companies Lllp now owns 1,676 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 67 shares during the period. Ancora Advisors LLC grew its holdings in MarketAxess by 1.9% during the third quarter. Ancora Advisors LLC now owns 3,522 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 67 shares during the period. Orion Porfolio Solutions LLC grew its holdings in MarketAxess by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 4,203 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 69 shares during the period. Finally, Alamar Capital Management LLC grew its holdings in MarketAxess by 0.5% during the third quarter. Alamar Capital Management LLC now owns 16,832 shares of the financial services provider’s stock valued at $2,933,000 after purchasing an additional 80 shares during the period. 99.01% of the stock is owned by institutional investors.

MarketAxess Price Performance

MarketAxess stock opened at $116.11 on Thursday. MarketAxess Holdings Inc. has a one year low of $113.29 and a one year high of $228.16. The business has a fifty day moving average price of $149.65 and a 200-day moving average price of $165.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $4.13 billion, a P/E ratio of 13.72, a PEG ratio of 3.77 and a beta of 0.86.

MarketAxess (NASDAQ:MKTX – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.10. MarketAxess had a return on equity of 22.28% and a net margin of 35.53%.The firm had revenue of $233.38 million during the quarter, compared to analyst estimates of $231.91 million. During the same period last year, the company earned $1.87 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts forecast that MarketAxess Holdings Inc. will post 8.02 EPS for the current year.

MarketAxess Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 20th. MarketAxess’s dividend payout ratio (DPR) is presently 36.88%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MKTX. Argus lowered MarketAxess from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. UBS Group reduced their price objective on MarketAxess from $225.00 to $215.00 and set a “buy” rating for the company in a report on Monday, May 11th. Weiss Ratings lowered MarketAxess from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods began coverage on MarketAxess in a report on Wednesday, April 8th. They set an “outperform” rating and a $195.00 price objective for the company. Finally, Barclays reduced their price objective on MarketAxess from $189.00 to $170.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $190.88.

Check Out Our Latest Analysis on MKTX

About MarketAxess

(Free Report)

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.

Further Reading

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