Nordea Investment Management AB raised its stake in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 61.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,911 shares of the company’s stock after buying an additional 2,622 shares during the period. Nordea Investment Management AB’s holdings in MarketAxess Holdings were worth $1,144,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of MarketAxess Holdings during the second quarter valued at approximately $103,000. Cantab Capital Partners LLP acquired a new position in shares of MarketAxess Holdings during the second quarter valued at approximately $116,000. Daiwa Securities Group Inc. acquired a new position in shares of MarketAxess Holdings during the second quarter valued at approximately $160,000. Bank of Montreal Can acquired a new position in shares of MarketAxess Holdings during the second quarter valued at approximately $177,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of MarketAxess Holdings by 16.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,278 shares of the company’s stock valued at $186,000 after buying an additional 179 shares in the last quarter. Institutional investors own 91.94% of the company’s stock.
MarketAxess Holdings Inc. (NASDAQ:MKTX) traded up 0.69% during mid-day trading on Friday, hitting $169.62. The stock had a trading volume of 79,275 shares. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 54.54 and a beta of 0.66. MarketAxess Holdings Inc. has a 12 month low of $98.00 and a 12 month high of $178.21. The firm’s 50-day moving average is $157.55 and its 200 day moving average is $154.87.
MarketAxess Holdings (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm earned $90.30 million during the quarter, compared to the consensus estimate of $90.51 million. MarketAxess Holdings had a return on equity of 27.83% and a net margin of 33.37%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. Equities analysts anticipate that MarketAxess Holdings Inc. will post $3.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Monday, November 7th. MarketAxess Holdings’s payout ratio is 33.33%.
Several analysts recently issued reports on MKTX shares. Zacks Investment Research upgraded MarketAxess Holdings from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Thursday, September 15th. Keefe, Bruyette & Woods boosted their price target on MarketAxess Holdings from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 29th. Finally, Credit Suisse Group AG restated an “underperform” rating and issued a $158.00 price target on shares of MarketAxess Holdings in a research note on Sunday, November 20th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $153.75.
About MarketAxess Holdings
MarketAxess Holdings Inc (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice from among those that choose to respond.