MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Sold by Hartford Investment Management Co.


Hartford Investment Management Co. reduced its stake in shares of MarketAxess Holdings Inc. (NASDAQ: MKTX – Get Rating ) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,633 shares of the financial services provider’s stock after selling 209 shares during the period. Hartford Investment Management Co.’s holdings. in MarketAxess were worth $1,236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in MarketAxess by 1.6% in the fourth quarter. BlackRock Inc. now owns 3,563,993 shares of the financial services provider’s stock valued at $1,465,763,000 after acquiring an additional 54,516 shares during the period. State Street Corp boosted its holdings in MarketAxess by 2.1% during the fourth quarter. State Street Corp now owns 1,855,349 shares of the financial services provider’s stock valued at $763,049,000 after purchasing an additional 37,878 shares during the period. Baillie Gifford & Co. boosted its holdings in MarketAxess by 0.3% in the fourth quarter. Baillie Gifford & Co. now owns 1,758,918 shares of the financial services provider’s stock valued at $723,390,000 after purchasing an additional 4,404 shares during the period. Ownership Capital BV boosted its holdings in MarketAxess by 7.0% during the fourth quarter. Ownership Capital BV now owns 1,324,169 shares of the financial services provider’s stock valued at $544,591,000 after purchasing an additional 86,977 shares during the period. Finally, GUARDCAP ASSET MANAGEMENT Ltd boosted its holdings in MarketAxess by 2.5% in the fourth quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,213,314 shares of the financial services provider’s stock valued at $499,000,000 after purchasing an additional 29,913 shares during the period. 96.50% of the shares are currently owned by hedge funds and other institutional investors.

In other MarketAxess news, Director Richard Leon Prager acquired 1,000 shares of the stock in a transaction dated Friday, April 22nd. The shares were acquired at an average price of $271.25 per share, with a total value of $271,250.00. Following the completion of the purchase, the director now owns 2,149 shares in the company, valued at approximately $582,916.25. The purchase was disclosed in a document filed with the SEC, which is available via this hyperlink. Also, insider Christophe Pierre Dani Roupy sold 1,740 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $285.03, for a total transaction of $495,952.20. Following the completion of the transaction, the insider now directly owns 5,318 shares of the company’s stock, valued at approximately $1,515,789.54. Disclosure of this sale can be found here. Insiders own 1.94% of the company’s stock.

NASDAQ:MKTX opened at $257.77 on Tuesday. MarketAxess Holdings Inc. it has a 52-week low of $249.01 and a 52-week high of $498.97. The company has a market cap of $9.65 billion, a P/E ratio of 40.47 and a beta of 0.59. The stock’s fifty day moving average is $269.63 and the two hundred day moving average is $323.71.

MarketAxess (NASDAQ:MKTX – Get Rating ) last posted its earnings results on Wednesday, April 20th. The financial services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. MarketAxess has a return on equity of 23.46% and a net margin of 35.13%. The company had revenue of $186.10 million for the quarter, compared to the consensus estimate of $186.34 million. In the same quarter last year, the business earned $2.11 earnings per share. The company’s revenue for the quarter was down 4.8% year over year. Equities analysts expect MarketAxess Holdings Inc. to post 7.02 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 18th. Investors of record on Wednesday, May 4th were given a dividend of $0.70 per share. This represents an annualized dividend of $2.80 and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, May 3rd. MarketAxess’s dividend payout ratio (DPR) is 43.96%.

A number of brokerages recently issued reports on MKTX. Credit Suisse Group decreased their target price on MarketAxess from $332.00 to $316.00 and set a “neutral” rating on the stock in a research note on Monday, April 25th. StockNews.com began coverage on MarketAxess in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Atlantic Securities decreased their target price on MarketAxess from $340.00 to $306.00 and set a “neutral” rating on the stock in a research note on Friday, June 10th. Compass Point upgraded MarketAxess from a “sell” rating to a “neutral” rating and set a $275.00 target price on the stock in a research note on Thursday, April 21st. Finally, Morgan Stanley decreased their target price on MarketAxess from $367.00 to $361.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 21st. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. MarketAxess has an average rating of “Hold” and a consensus target price of $331.00, according to MarketBeat .

MarketAxess Profile (Get Rating)

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investors and broker-dealers worldwide. It offers access to liquidity in US investment grade bonds, US high yield bonds and US Treasuries, as well as municipal bonds, emerging market debt, Eurobonds and other fixed income securities.

See also

Want to see what other hedge funds hold MKTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Rating).

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)



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