Hemenway Trust Co LLC Buys 1,389 Shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX)

Hemenway Trust Co LLC increased its stake in MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 98.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,806 shares of the financial services provider’s stock after buying an additional 1,389 shares during the period. Hemenway Trust Co LLC’s holdings in MarketAxess Holdings were worth $564,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in shares of MarketAxess Holdings during the fourth quarter valued at $855,000. Teachers Advisors LLC increased its stake in shares of MarketAxess Holdings by 9.7% in the fourth quarter. Teachers Advisors LLC now owns 36,328 shares of the financial services provider’s stock valued at $5,337,000 after buying an additional 3,221 shares in the last quarter. Highbridge Capital Management LLC increased its stake in shares of MarketAxess Holdings by 603.2% in the fourth quarter. Highbridge Capital Management LLC now owns 47,493 shares of the financial services provider’s stock valued at $6,977,000 after buying an additional 40,739 shares in the last quarter. CrestPoint Capital Management LLC increased its stake in shares of MarketAxess Holdings by 7.1% in the first quarter. CrestPoint Capital Management LLC now owns 1,500 shares of the financial services provider’s stock valued at $281,000 after buying an additional 100 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of MarketAxess Holdings by 0.6% in the first quarter. Capstone Asset Management Co. now owns 4,999 shares of the financial services provider’s stock valued at $937,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 90.36% of the company’s stock.

MarketAxess Holdings, Inc. (NASDAQ MKTX) traded down 1.73% during mid-day trading on Friday, reaching $188.71. 344,094 shares of the company traded hands. The stock has a market capitalization of $7.08 billion, a PE ratio of 49.63 and a beta of 0.69. The firm’s 50-day moving average is $197.59 and its 200 day moving average is $192.63. MarketAxess Holdings, Inc. has a 52-week low of $145.10 and a 52-week high of $211.06.

MarketAxess Holdings (NASDAQ:MKTX) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $97.31 million during the quarter, compared to the consensus estimate of $96.42 million. MarketAxess Holdings had a net margin of 37.46% and a return on equity of 30.38%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, equities research analysts expect that MarketAxess Holdings, Inc. will post $4.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, August 8th. MarketAxess Holdings’s dividend payout ratio is presently 34.65%.

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MKTX has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of MarketAxess Holdings from a “hold” rating to a “strong-buy” rating and set a $221.00 price objective for the company in a research report on Monday, May 1st. BidaskClub upgraded shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Keefe, Bruyette & Woods restated a “buy” rating and set a $205.00 price objective on shares of MarketAxess Holdings in a research report on Thursday, July 6th. Finally, Raymond James Financial, Inc. boosted their price objective on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $197.17.

In other MarketAxess Holdings news, insider Kevin M. Mcpherson sold 9,286 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $201.35, for a total value of $1,869,736.10. Following the sale, the insider now directly owns 90,929 shares in the company, valued at $18,308,554.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Themelis sold 5,596 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $200.84, for a total value of $1,123,900.64. Following the completion of the sale, the insider now owns 67,763 shares in the company, valued at $13,609,520.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,882 shares of company stock valued at $6,966,237. 4.51% of the stock is currently owned by corporate insiders.

MarketAxess Holdings Company Profile

MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.

Institutional Ownership by Quarter for MarketAxess Holdings (NASDAQ:MKTX)

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