MarketAxess Holdings Inc. (NASDAQ:MKTX) announced a quarterly dividend on Wednesday, July 22nd, RTT News reports. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.60 per share by the financial services provider on Wednesday, August 19th. This represents a $2.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Tuesday, August 4th.

MarketAxess has raised its dividend payment by an average of 96.2% annually over the last three years and has increased its dividend annually for the last 9 consecutive years. MarketAxess has a payout ratio of 33.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect MarketAxess to earn $7.91 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 30.3%.

NASDAQ:MKTX opened at $516.70 on Friday. The company has a market capitalization of $19.62 billion, a PE ratio of 74.88 and a beta of 0.63. The company has a quick ratio of 7.53, a current ratio of 7.42 and a debt-to-equity ratio of 0.11. MarketAxess has a 52-week low of $275.49 and a 52-week high of $561.68. The stock has a fifty day simple moving average of $514.01 and a 200-day simple moving average of $426.10.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.08. The business had revenue of $184.80 million during the quarter, compared to the consensus estimate of $185.16 million. MarketAxess had a return on equity of 33.75% and a net margin of 42.74%. During the same quarter in the previous year, the company posted $1.27 EPS. As a group, equities analysts anticipate that MarketAxess will post 7.55 earnings per share for the current year.

MKTX has been the subject of several research reports. Rosenblatt Securities lifted their price target on MarketAxess from $455.00 to $465.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Deutsche Bank lifted their price target on MarketAxess from $535.00 to $555.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. BidaskClub downgraded MarketAxess from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Piper Sandler boosted their target price on shares of MarketAxess from $520.00 to $535.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Credit Suisse Group boosted their target price on shares of MarketAxess from $410.00 to $448.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $403.00.

In other news, insider Christophe Pierre Danie Roupie sold 1,920 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $457.00, for a total transaction of $877,440.00. Following the completion of the transaction, the insider now owns 10,914 shares of the company’s stock, valued at approximately $4,987,698. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard M. Mcvey sold 25,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $483.62, for a total transaction of $12,090,500.00. Following the transaction, the chief executive officer now directly owns 952,077 shares of the company’s stock, valued at approximately $460,443,478.74. The disclosure for this sale can be found here. Insiders sold a total of 29,170 shares of company stock valued at $14,047,103 in the last three months. 3.05% of the stock is currently owned by corporate insiders.

About MarketAxess

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 firms the access to global liquidity in U.S.

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Dividend History for MarketAxess (NASDAQ:MKTX)

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