Orion Portfolio Solutions LLC Sells 162 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Orion Portfolio Solutions LLC trimmed its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,299 shares of the financial services provider’s stock after selling 162 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in MarketAxess were worth $845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Planning Co of New England Inc. raised its stake in shares of MarketAxess by 2.9% in the second quarter. Retirement Planning Co of New England Inc. now owns 1,566 shares of the financial services provider’s stock worth $314,000 after buying an additional 44 shares during the period. Asset Management One Co. Ltd. increased its holdings in MarketAxess by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 15,431 shares of the financial services provider’s stock worth $3,953,000 after acquiring an additional 50 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in MarketAxess by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 7,376 shares of the financial services provider’s stock worth $1,479,000 after acquiring an additional 52 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in MarketAxess by 1.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider’s stock valued at $1,287,000 after purchasing an additional 52 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of MarketAxess by 4.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 76 shares during the period. 99.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Richard M. Mcvey sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $271.75, for a total value of $5,435,000.00. Following the sale, the chairman now owns 592,029 shares of the company’s stock, valued at approximately $160,883,880.75. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the transaction, the general counsel now directly owns 8,302 shares of the company’s stock, valued at approximately $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,300 shares of company stock valued at $8,183,871 in the last ninety days. Insiders own 2.66% of the company’s stock.

MarketAxess Stock Performance

MKTX stock opened at $232.92 on Tuesday. The firm has a fifty day moving average price of $269.63 and a 200 day moving average price of $242.39. MarketAxess Holdings Inc. has a fifty-two week low of $192.42 and a fifty-two week high of $297.97. The firm has a market cap of $8.78 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 10.54 and a beta of 1.00.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. The business had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $207.17 million. MarketAxess had a net margin of 34.32% and a return on equity of 20.93%. The business’s revenue was up 20.0% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. On average, equities analysts predict that MarketAxess Holdings Inc. will post 7.38 EPS for the current year.

MarketAxess Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, November 20th. This represents a $2.96 dividend on an annualized basis and a yield of 1.27%. MarketAxess’s dividend payout ratio (DPR) is presently 40.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MKTX shares. The Goldman Sachs Group lifted their target price on shares of MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Citigroup boosted their price objective on MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Bank of America cut their target price on MarketAxess from $193.00 to $185.00 and set an “underperform” rating for the company in a research report on Thursday, October 3rd. Barclays lowered their price target on MarketAxess from $289.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Finally, Piper Sandler reiterated a “neutral” rating and set a $265.00 price objective on shares of MarketAxess in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $266.70.

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.