MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 630,526 shares of the financial services provider’s stock after buying an additional 15,713 shares during the period. JPMorgan Chase & Co. owned approximately 1.67% of MarketAxess worth $142,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Global X Japan Co. Ltd. lifted its stake in MarketAxess by 179.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 70 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of MarketAxess by 495.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in MarketAxess by 13,900.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock worth $32,000 after buying an additional 139 shares in the last quarter. Park Place Capital Corp acquired a new position in MarketAxess during the fourth quarter worth $44,000. Finally, R Squared Ltd purchased a new stake in MarketAxess in the 4th quarter valued at $47,000. 99.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MKTX has been the topic of several analyst reports. The Goldman Sachs Group reduced their price target on MarketAxess from $235.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. UBS Group reduced their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Barclays dropped their price target on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Keefe, Bruyette & Woods reduced their price target on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Finally, Piper Sandler lowered their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, MarketAxess has an average rating of “Hold” and a consensus price target of $254.78.

MarketAxess Price Performance

Shares of NASDAQ:MKTX opened at $215.92 on Wednesday. The firm has a market capitalization of $8.14 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The firm’s 50-day moving average is $207.37 and its two-hundred day moving average is $238.37.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.76 per share. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. The ex-dividend date was Wednesday, February 19th. This represents a $3.04 annualized dividend and a yield of 1.41%. MarketAxess’s dividend payout ratio is 41.82%.

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.