Canandaigua National Bank & Trust Co. held its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) during the second quarter, Holdings Channel reports. The fund owned 2,800 shares of the company’s stock at the end of the second quarter. Canandaigua National Bank & Trust Co.’s holdings in MarketAxess Holdings were worth $407,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. 1st Global Advisors Inc. increased its stake in shares of MarketAxess Holdings by 3.7% in the second quarter. 1st Global Advisors Inc. now owns 5,459 shares of the company’s stock valued at $794,000 after buying an additional 193 shares during the last quarter. Stifel Financial Corp increased its stake in shares of MarketAxess Holdings by 3.2% in the fourth quarter. Stifel Financial Corp now owns 16,724 shares of the company’s stock valued at $1,866,000 after buying an additional 517 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake in shares of MarketAxess Holdings by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 36,581 shares of the company’s stock valued at $5,318,000 after buying an additional 958 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of MarketAxess Holdings by 73.6% in the second quarter. LS Investment Advisors LLC now owns 2,265 shares of the company’s stock valued at $329,000 after buying an additional 960 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of MarketAxess Holdings during the second quarter valued at $160,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.
Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) traded up 0.30% during mid-day trading on Wednesday, reaching $173.34. The company’s stock had a trading volume of 215,644 shares. MarketAxess Holdings Inc. has a one year low of $86.19 and a one year high of $178.21. The stock has a 50 day moving average of $167.12 and a 200-day moving average of $143.40. The stock has a market cap of $6.52 billion, a P/E ratio of 59.77 and a beta of 0.76.
MarketAxess Holdings (NASDAQ:MKTX) last issued its earnings results on Thursday, July 28th. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. The business had revenue of $96.60 million for the quarter, compared to analysts’ expectations of $93.98 million. MarketAxess Holdings had a return on equity of 27.14% and a net margin of 32.52%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. On average, equities research analysts expect that MarketAxess Holdings Inc. will post $3.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Tuesday, August 9th. MarketAxess Holdings’s dividend payout ratio is currently 35.86%.
Several brokerages have recently weighed in on MKTX. Zacks Investment Research downgraded MarketAxess Holdings from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Citigroup Inc. downgraded MarketAxess Holdings to a “market perform” rating in a report on Friday, July 15th. They noted that the move was a valuation call. Raymond James Financial Inc. downgraded MarketAxess Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 15th. Credit Suisse Group AG restated a “sell” rating and set a $106.00 price objective on shares of MarketAxess Holdings in a report on Friday, July 29th. Finally, William Blair began coverage on MarketAxess Holdings in a report on Monday, June 20th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $140.75.
In related news, insider Nicholas Themelis sold 6,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $165.40, for a total value of $1,025,480.00. Following the transaction, the insider now directly owns 70,799 shares in the company, valued at $11,710,154.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard M. Mcvey sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $162.33, for a total value of $4,869,900.00. Following the completion of the transaction, the chief executive officer now owns 1,091,457 shares in the company, valued at $177,176,214.81. The disclosure for this sale can be found here. Insiders own 4.51% of the company’s stock.
MarketAxess Holdings Company Profile
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.
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