Walleye Capital LLC Sells 93,062 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Walleye Capital LLC decreased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 96.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,587 shares of the financial services provider’s stock after selling 93,062 shares during the quarter. Walleye Capital LLC’s holdings in MarketAxess were worth $919,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MKTX. Millennium Management LLC lifted its holdings in MarketAxess by 2,889.6% in the second quarter. Millennium Management LLC now owns 339,261 shares of the financial services provider’s stock valued at $68,032,000 after acquiring an additional 327,913 shares during the period. FMR LLC raised its stake in shares of MarketAxess by 17.5% in the third quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after buying an additional 291,134 shares during the period. Marshall Wace LLP raised its stake in shares of MarketAxess by 53.5% in the second quarter. Marshall Wace LLP now owns 820,060 shares of the financial services provider’s stock worth $164,447,000 after buying an additional 285,665 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of MarketAxess by 120.6% in the second quarter. Burgundy Asset Management Ltd. now owns 393,073 shares of the financial services provider’s stock worth $78,823,000 after buying an additional 214,928 shares during the period. Finally, Primecap Management Co. CA raised its stake in shares of MarketAxess by 18.2% in the second quarter. Primecap Management Co. CA now owns 1,330,880 shares of the financial services provider’s stock worth $266,881,000 after buying an additional 204,960 shares during the period. Institutional investors own 99.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley raised their price objective on MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Bank of America decreased their price objective on MarketAxess from $193.00 to $185.00 and set an “underperform” rating on the stock in a research note on Thursday, October 3rd. Piper Sandler reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of MarketAxess in a research note on Thursday, November 7th. Keefe, Bruyette & Woods raised their price objective on MarketAxess from $270.00 to $276.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Finally, Citigroup increased their target price on MarketAxess from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, MarketAxess currently has a consensus rating of “Hold” and an average price target of $267.50.

Insider Buying and Selling at MarketAxess

In other news, Chairman Richard M. Mcvey sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $267.67, for a total value of $2,676,700.00. Following the completion of the sale, the chairman now directly owns 562,029 shares of the company’s stock, valued at $150,438,302.43. This trade represents a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.66% of the stock is currently owned by company insiders.

MarketAxess Price Performance

NASDAQ MKTX opened at $239.93 on Friday. The stock has a market capitalization of $9.05 billion, a PE ratio of 32.51, a P/E/G ratio of 11.80 and a beta of 1.00. The business has a 50 day simple moving average of $273.02 and a two-hundred day simple moving average of $240.90. MarketAxess Holdings Inc. has a 1-year low of $192.42 and a 1-year high of $297.97.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.05. The business had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $207.17 million. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. On average, analysts anticipate that MarketAxess Holdings Inc. will post 7.37 EPS for the current fiscal year.

MarketAxess Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, November 20th. MarketAxess’s dividend payout ratio is presently 40.11%.

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.