MarketAxess Holdings Inc. (MKTX) CEO Richard M. Mcvey Sells 10,959 Shares

MarketAxess Holdings Inc. (NASDAQ:MKTX) CEO Richard M. Mcvey sold 10,959 shares of the stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $189.31, for a total transaction of $2,074,648.29. Following the sale, the chief executive officer now owns 1,054,743 shares of the company’s stock, valued at approximately $199,673,397.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

MKTX traded down $0.16 during trading on Friday, reaching $189.82. The company had a trading volume of 146,800 shares, compared to its average volume of 215,376. MarketAxess Holdings Inc. has a 12 month low of $171.45 and a 12 month high of $229.84. The firm has a market cap of $7.08 billion, a P/E ratio of 48.53, a PEG ratio of 8.61 and a beta of 0.54.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.02. MarketAxess had a net margin of 37.33% and a return on equity of 29.49%. The company had revenue of $106.96 million for the quarter, compared to the consensus estimate of $106.41 million. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. research analysts forecast that MarketAxess Holdings Inc. will post 4.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th were issued a $0.42 dividend. The ex-dividend date was Wednesday, August 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.89%. MarketAxess’s dividend payout ratio (DPR) is presently 43.08%.

A number of equities research analysts recently issued reports on MKTX shares. BidaskClub upgraded shares of MarketAxess from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut shares of MarketAxess from a “hold” rating to a “sell” rating in a research report on Friday, July 6th. Compass Point began coverage on shares of MarketAxess in a research note on Tuesday, July 24th. They issued a “neutral” rating and a $205.00 target price on the stock. Jefferies Financial Group began coverage on shares of MarketAxess in a research note on Wednesday, August 1st. They issued a “hold” rating and a $219.00 target price on the stock. Finally, ValuEngine raised shares of MarketAxess from a “hold” rating to a “buy” rating in a research note on Monday, July 16th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $212.43.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. increased its holdings in MarketAxess by 0.6% during the second quarter. Baillie Gifford & Co. now owns 3,682,935 shares of the financial services provider’s stock worth $728,705,000 after buying an additional 21,869 shares during the last quarter. BlackRock Inc. increased its holdings in MarketAxess by 3.6% during the second quarter. BlackRock Inc. now owns 3,411,494 shares of the financial services provider’s stock worth $674,996,000 after buying an additional 117,686 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in MarketAxess by 4.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,121,501 shares of the financial services provider’s stock worth $243,861,000 after buying an additional 49,580 shares during the last quarter. American Century Companies Inc. increased its holdings in MarketAxess by 41.5% during the first quarter. American Century Companies Inc. now owns 751,413 shares of the financial services provider’s stock worth $163,387,000 after buying an additional 220,391 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in MarketAxess by 2.1% during the second quarter. Janus Henderson Group PLC now owns 680,335 shares of the financial services provider’s stock worth $134,611,000 after buying an additional 14,096 shares during the last quarter. Institutional investors and hedge funds own 99.98% of the company’s stock.

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 the access to global liquidity in U.S.

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