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

Curi RMB Capital LLC trimmed its holdings in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 19.5% during the third quarter, according to the company in its most recent Form 13F filing 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 period. Curi RMB Capital LLC owned about 0.15% of MarketAxess worth $14,599,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Kingsview Wealth Management LLC purchased a new stake in MarketAxess during the 1st quarter worth $7,866,000. SG Americas Securities LLC grew its stake in shares of MarketAxess by 174.2% in the first quarter. SG Americas Securities LLC now owns 6,743 shares of the financial services provider’s stock valued at $1,478,000 after buying an additional 4,284 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of MarketAxess during the 1st quarter valued at about $882,000. ProShare Advisors LLC lifted its position in MarketAxess by 48.4% during the 1st quarter. ProShare Advisors LLC now owns 11,615 shares of the financial services provider’s stock worth $2,547,000 after acquiring an additional 3,787 shares in the last quarter. Finally, Natixis acquired a new position in MarketAxess during the 1st quarter worth approximately $842,000. 99.01% of the stock is currently owned by hedge funds and other institutional investors.

MarketAxess Stock Down 1.7 %

Shares of NASDAQ:MKTX opened at $267.13 on Thursday. MarketAxess Holdings Inc. has a fifty-two week low of $192.42 and a fifty-two week high of $297.97. The company has a market cap of $10.07 billion, a PE ratio of 36.20, a P/E/G ratio of 12.27 and a beta of 1.05. The company’s 50-day moving average price is $272.25 and its 200 day moving average price is $234.92.

MarketAxess (NASDAQ:MKTX) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.85 by $0.05. MarketAxess had a return on equity of 20.93% and a net margin of 34.32%. The firm had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $207.17 million. During the same period last year, the firm earned $1.46 EPS. The firm’s revenue was up 20.0% compared to the same quarter last year. As a group, equities analysts anticipate that MarketAxess Holdings Inc. will post 7.33 EPS for the current year.

MarketAxess Announces Dividend

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

MarketAxess announced that its Board of Directors has authorized a share repurchase 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 repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

MKTX has been the topic of a number of analyst reports. Barclays lifted 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. Morgan Stanley boosted their price objective on shares of MarketAxess from $262.00 to $314.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Citigroup raised their target price on MarketAxess from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, October 4th. The Goldman Sachs Group increased their price target on MarketAxess from $204.00 to $233.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Finally, UBS Group upped their price target on shares of MarketAxess from $330.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $267.50.

About MarketAxess

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.