MarketAxess (NASDAQ:MKTX) Price Target Cut to $225.00 by Analysts at Barclays

MarketAxess (NASDAQ:MKTX) had its target price decreased by Barclays from $256.00 to $225.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

MKTX has been the subject of several other reports. Piper Sandler reduced their price target on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Morgan Stanley lifted their price target on MarketAxess from $262.00 to $314.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. UBS Group reduced their price target on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a report on Friday. Keefe, Bruyette & Woods reduced their price target on MarketAxess from $251.00 to $225.00 and set a “market perform” rating for the company in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $257.33.

MarketAxess Trading Up 0.0 %

Shares of NASDAQ MKTX opened at $201.37 on Friday. MarketAxess has a one year low of $192.42 and a one year high of $296.68. The firm has a market capitalization of $7.59 billion, a PE ratio of 27.70, a PEG ratio of 4.08 and a beta of 1.02. The business has a 50-day moving average price of $226.61 and a two-hundred day moving average price of $247.22.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. Research analysts anticipate that MarketAxess will post 8.05 EPS for the current year.

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 19th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.51%. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, February 19th. MarketAxess’s dividend payout ratio (DPR) is presently 40.72%.

Insiders Place Their Bets

In other MarketAxess news, Chairman Richard M. Mcvey sold 20,000 shares of MarketAxess stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total value of $5,435,000.00. Following the transaction, the chairman now directly owns 592,029 shares of the company’s stock, valued at $160,883,880.75. The trade was a 3.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $240.57, for a total value of $72,171.00. Following the completion of the transaction, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,300 shares of company stock valued at $8,183,871 in the last three months. Company insiders own 2.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MKTX. Asset Management One Co. Ltd. grew its holdings in shares of MarketAxess by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,431 shares of the financial services provider’s stock worth $3,953,000 after purchasing an additional 50 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of MarketAxess by 1.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,080 shares of the financial services provider’s stock worth $1,287,000 after purchasing an additional 52 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 52 shares in the last quarter. M&T Bank Corp grew its holdings in shares of MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 56 shares in the last quarter. Finally, Versor Investments LP grew its holdings in shares of MarketAxess by 6.3% during the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 65 shares in the last quarter. 99.01% of the stock is owned by institutional investors.

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.