MarketAxess Holdings Inc. (MKTX) Shares Sold by Monroe Bank & Trust MI
Monroe Bank & Trust MI decreased its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,527 shares of the financial services provider’s stock after selling 404 shares during the period. Monroe Bank & Trust MI’s holdings in MarketAxess were worth $1,292,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. GFS Advisors LLC acquired a new stake in shares of MarketAxess during the 2nd quarter valued at $361,000. Arizona State Retirement System boosted its holdings in shares of MarketAxess by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 26,109 shares of the financial services provider’s stock valued at $5,166,000 after acquiring an additional 655 shares in the last quarter. Eagle Asset Management Inc. raised its position in MarketAxess by 16.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 253,080 shares of the financial services provider’s stock worth $50,074,000 after purchasing an additional 35,232 shares during the last quarter. SG Americas Securities LLC raised its position in MarketAxess by 35.1% during the 2nd quarter. SG Americas Securities LLC now owns 7,582 shares of the financial services provider’s stock worth $1,500,000 after purchasing an additional 1,969 shares during the last quarter. Finally, Sei Investments Co. raised its position in MarketAxess by 121.6% during the 2nd quarter. Sei Investments Co. now owns 64,045 shares of the financial services provider’s stock worth $12,673,000 after purchasing an additional 35,142 shares during the last quarter. Hedge funds and other institutional investors own 98.86% of the company’s stock.
In other news, CEO Richard M. Mcvey sold 10,959 shares of MarketAxess stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $189.31, for a total value of $2,074,648.29. Following the completion of the transaction, the chief executive officer now directly owns 1,054,743 shares of the company’s stock, valued at approximately $199,673,397.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Themelis sold 12,831 shares of MarketAxess stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $186.51, for a total value of $2,393,109.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,804 shares of company stock valued at $12,555,086. Corporate insiders own 3.52% of the company’s stock.
MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.02. MarketAxess had a return on equity of 29.49% and a net margin of 37.33%. The firm had revenue of $106.96 million during the quarter, compared to analyst estimates of $106.41 million. During the same period last year, the company posted $1.00 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts predict that MarketAxess Holdings Inc. will post 4.38 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 8th. MarketAxess’s dividend payout ratio (DPR) is presently 43.08%.
Several research analysts recently issued reports on MKTX shares. ValuEngine lowered MarketAxess from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. BidaskClub raised MarketAxess from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. Compass Point started coverage on MarketAxess in a research report on Tuesday, July 24th. They set a “neutral” rating and a $205.00 target price for the company. Zacks Investment Research lowered MarketAxess from a “hold” rating to a “sell” rating in a research report on Friday, July 6th. Finally, Jefferies Financial Group started coverage on MarketAxess in a research report on Wednesday, August 1st. They set a “hold” rating and a $219.00 target price for the company. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $212.43.
MarketAxess Company Profile
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer the access to global liquidity in U.S.
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