MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC lowered its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 19.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,981 shares of the financial services provider’s stock after selling 13,834 shares during the quarter. Curi RMB Capital LLC’s holdings in MarketAxess were worth $14,599,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MKTX. Vanguard Group Inc. grew its stake in shares of MarketAxess by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 4,539,440 shares of the financial services provider’s stock worth $995,272,000 after purchasing an additional 13,018 shares during the last quarter. GUARDCAP ASSET MANAGEMENT Ltd increased its holdings in shares of MarketAxess by 30.3% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 2,425,897 shares of the financial services provider’s stock valued at $531,878,000 after buying an additional 564,820 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of MarketAxess by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 1,828,055 shares of the financial services provider’s stock valued at $366,580,000 after acquiring an additional 170,095 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of MarketAxess by 18.2% during the 2nd quarter. Primecap Management Co. CA now owns 1,330,880 shares of the financial services provider’s stock worth $266,881,000 after acquiring an additional 204,960 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of MarketAxess by 53.5% in the 2nd quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock worth $164,447,000 after acquiring an additional 285,665 shares during the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MKTX shares. StockNews.com raised MarketAxess from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Barclays upped their price objective on shares of MarketAxess from $237.00 to $268.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research report on Monday. Bank of America decreased their price objective on shares of MarketAxess from $193.00 to $185.00 and set an “underperform” rating for the company in a research note on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of MarketAxess from $270.00 to $276.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $267.50.

MarketAxess Trading Down 1.7 %

Shares of NASDAQ:MKTX opened at $267.13 on Thursday. The business has a fifty day simple moving average of $272.25 and a 200 day simple moving average of $234.92. MarketAxess Holdings Inc. has a 1 year low of $192.42 and a 1 year high of $297.97. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 12.27 and a beta of 1.05.

MarketAxess (NASDAQ:MKTX) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The company had revenue of $206.70 million during the quarter, compared to the consensus estimate of $207.17 million. During the same period last year, the business earned $1.46 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. On average, sell-side analysts forecast that MarketAxess Holdings Inc. will post 7.33 EPS for the current year.

MarketAxess declared that its board has authorized a stock buyback plan on Tuesday, August 6th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

MarketAxess Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 1.11%. The ex-dividend date is Wednesday, November 20th. MarketAxess’s dividend payout ratio is 40.11%.

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.