MarketAxess Holdings Inc. (MKTX) Shares Bought by Comerica Bank

Comerica Bank grew its stake in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 1.4% in the fourth quarter, Holdings Channel reports. The fund owned 25,397 shares of the financial services provider’s stock after buying an additional 359 shares during the quarter. Comerica Bank’s holdings in MarketAxess were worth $5,422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MKTX. We Are One Seven LLC purchased a new stake in shares of MarketAxess during the 4th quarter worth about $26,000. Enlightenment Research LLC purchased a new stake in shares of MarketAxess during the 4th quarter worth about $42,000. Meeder Asset Management Inc. purchased a new stake in shares of MarketAxess during the 4th quarter worth about $81,000. Vectors Research Management LLC purchased a new stake in shares of MarketAxess during the 3rd quarter worth about $100,000. Finally, First Hawaiian Bank purchased a new stake in shares of MarketAxess during the 3rd quarter worth about $113,000. 99.17% of the stock is owned by institutional investors.

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MKTX has been the subject of a number of research reports. BidaskClub upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Zacks Investment Research cut MarketAxess from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Buckingham Research started coverage on MarketAxess in a report on Thursday, January 10th. They issued a “neutral” rating for the company. Finally, Goldman Sachs Group started coverage on MarketAxess in a report on Monday, November 5th. They issued a “sell” rating for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $215.50.

NASDAQ MKTX opened at $238.97 on Friday. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 52.29, a P/E/G ratio of 9.03 and a beta of 0.11. MarketAxess Holdings Inc. has a fifty-two week low of $172.09 and a fifty-two week high of $239.51.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.06. The firm had revenue of $112.44 million during the quarter, compared to analysts’ expectations of $112.37 million. MarketAxess had a return on equity of 30.31% and a net margin of 39.69%. MarketAxess’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, equities analysts forecast that MarketAxess Holdings Inc. will post 5.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 27th. Stockholders of record on Wednesday, February 13th will be paid a dividend of $0.51 per share. This is a boost from MarketAxess’s previous quarterly dividend of $0.42. This represents a $2.04 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, February 12th. MarketAxess’s dividend payout ratio is 44.64%.

In other news, Director John Steinhardt sold 3,187 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $215.62, for a total transaction of $687,180.94. Following the completion of the transaction, the director now directly owns 24,899 shares in the company, valued at approximately $5,368,722.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Antonio L. Delise sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $231.99, for a total value of $1,855,920.00. Following the transaction, the chief financial officer now owns 36,901 shares of the company’s stock, valued at $8,560,662.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,187 shares of company stock valued at $6,961,901. Company insiders own 3.52% of the company’s stock.

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MarketAxess Profile

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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