MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Jones Financial Companies Lllp

Jones Financial Companies Lllp reduced its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,069 shares of the financial services provider’s stock after selling 105 shares during the quarter. Jones Financial Companies Lllp’s holdings in MarketAxess were worth $242,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of MarketAxess by 22.9% in the 3rd quarter. Principal Financial Group Inc. now owns 55,679 shares of the financial services provider’s stock valued at $14,265,000 after buying an additional 10,361 shares during the period. Assetmark Inc. increased its holdings in shares of MarketAxess by 160.3% in the third quarter. Assetmark Inc. now owns 380 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 234 shares during the period. Versor Investments LP acquired a new stake in MarketAxess in the third quarter valued at $266,000. Cumberland Partners Ltd purchased a new position in shares of MarketAxess in the third quarter valued at $512,000. Finally, Geneva Capital Management LLC grew its holdings in MarketAxess by 25.6% during the 3rd quarter. Geneva Capital Management LLC now owns 15,325 shares of the financial services provider’s stock valued at $3,926,000 after buying an additional 3,121 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MKTX has been the subject of several analyst reports. The Goldman Sachs Group cut their target price on shares of MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Piper Sandler cut their target price on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. UBS Group lowered their price target on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a report on Friday, February 7th. Keefe, Bruyette & Woods lowered their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Finally, Barclays lowered their price target on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $254.78.

MarketAxess Stock Down 1.4 %

NASDAQ MKTX opened at $206.95 on Thursday. The stock has a market cap of $7.80 billion, a PE ratio of 28.47, a P/E/G ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a fifty-two week low of $186.84 and a fifty-two week high of $296.68. The business has a 50 day moving average price of $209.06 and a two-hundred day moving average price of $241.88.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. Sell-side analysts anticipate that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from MarketAxess’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend was Wednesday, February 19th. MarketAxess’s dividend payout ratio (DPR) is 41.82%.

MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.