Amalgamated Bank Has $1.89 Million Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Amalgamated Bank decreased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,380 shares of the financial services provider’s stock after selling 284 shares during the period. Amalgamated Bank’s holdings in MarketAxess were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Retirement Planning Co of New England Inc. lifted its position in MarketAxess by 2.9% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 1,566 shares of the financial services provider’s stock worth $314,000 after buying an additional 44 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of MarketAxess by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 15,431 shares of the financial services provider’s stock worth $3,953,000 after acquiring an additional 50 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of MarketAxess by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 7,376 shares of the financial services provider’s stock worth $1,479,000 after purchasing an additional 52 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of MarketAxess by 1.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider’s stock valued at $1,287,000 after purchasing an additional 52 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in MarketAxess by 4.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,616 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Keefe, Bruyette & Woods increased their price objective on MarketAxess from $270.00 to $276.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on MarketAxess from $237.00 to $268.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. The Goldman Sachs Group lifted their price target on shares of MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a report on Monday. Finally, StockNews.com raised shares of MarketAxess from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, MarketAxess currently has an average rating of “Hold” and an average target price of $267.50.

MarketAxess Stock Down 1.0 %

MKTX opened at $271.63 on Wednesday. The company has a fifty day simple moving average of $271.74 and a 200 day simple moving average of $234.69. The stock has a market cap of $10.24 billion, a P/E ratio of 36.81, a P/E/G ratio of 8.55 and a beta of 1.05. MarketAxess Holdings Inc. has a 12 month low of $192.42 and a 12 month high of $297.97.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS 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 for the quarter, compared to analyst estimates of $207.17 million. During the same quarter last year, the firm posted $1.46 earnings per share. MarketAxess’s revenue was up 20.0% compared to the same quarter last year. On average, equities research analysts expect that MarketAxess Holdings Inc. will post 7.33 earnings per share for the current fiscal year.

MarketAxess Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, November 20th. MarketAxess’s dividend payout ratio (DPR) is presently 40.11%.

MarketAxess declared that its Board of Directors has authorized a share buyback program on Tuesday, August 6th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

MarketAxess Company 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.