The most recent 13F disclosure that the company filed with the Securities and Exchange Commission revealed that during the third quarter of 2018, the New York State Common Retirement Fund sold off 2.6% of its position in MarketAxess Holdings INC (NASDAQ: MKTX).
The company now has a total holding of 48,650 shares of the stock held by the financial services provider after selling 1,307 shares during the quarter.
This brings the total number of shares it owns to 48,650.
The New York State Common Retirement Fund owned approximately 0.13% of MarketAxess at the end of the most recent reporting period, with a value of $10,824,000.
Recent transactions carried out by other hedge funds, including buying and selling MKTX shares.
To acquire a new investment in MarketAxess during the second quarter, Desjardins Global Asset Management INC laid out close to $27,000 to make the necessary purchases.
The percentage of MarketAxess holdings held by First Horizon Advisors INC increased by 1,345.5% during the second quarter of the fiscal year.
After making an additional purchase of 148 shares during the most recent quarter, First Horizon Advisors INC now possesses 159 shares of the financial services provider, worth $40,000.
This brings the total number of shares the company owns to 159 and the value of those shares to $40,000.
During the second quarter, Parallel Advisors LLC increased the proportion of its total assets invested in MarketAxess by 47.0%.
Due to the acquisition of 62 additional shares during the quarter, Parallel Advisors LLC now has a total of 194 shares of the stock of the financial services provider.
The value of these shares, currently valued at $50,000, was increased.
MarketAxess received an additional $50,000 from Private Trust Co NA during the second quarter, bringing the company’s total investment to $200,000.
Last but not least, during the third quarter, Pinnacle Financial Partners INC purchased an additional investment in MarketAxess for roughly $56,000.
This was done as part of the company’s ongoing commitment to the company. Shares of the company are owned by hedge funds and other institutional investors, who collectively account for 96.78% of the total.
Additionally, on February 7, MarketAxess director Steven L.
Begleiter sold one thousand of the company’s shares of stock.
The total cost of purchasing all the shares came to $348,730.00, and the average price potential purchasers were willing to pay for them was $348.73.
After the completion of the transaction, the director is now the direct owner of 8,538 company shares, which have a total value of approximately $2,977,456.74 in the current market.
If you follow this link, you will be taken to a file submitted to the SEC, which will provide you with additional information regarding the sale.
The ownership of company insiders accounts for 1.94% of the total shares outstanding.
The price of a single share on the NASDAQ MKTX was $355.03 when trading began on Thursday.
The current share price of the company’s stock is $311.12, which is higher than the price it has averaged over the past 200 days, which is $271.69.
The price-to-earnings ratio for the company is 53.39, and its beta value is 0.74.
The company currently has a market capitalization of 13.36 billion dollars. Over the past 52 weeks, MarketAxess Holdings INC experienced a 52-week low of $217.44 and a 52-week high of $390.13.
Both of these prices represent records.
On January 25, the results of MarketAxess’ most recent quarterly financial report were made public.
MarketAxess trades under the NASDAQ symbol MKTX.
The company that provides financial services reported earnings per share for the quarter of $1.58, which was $0.05 higher than the analysts’ consensus estimate of $1.53, which was compiled.
The analysts provided the revenue projections for the company’s upcoming quarter, which ranged between $176.92 million and $177.90 million as a possible outcome.
MarketAxess was successful in its business endeavors, resulting in a return on equity of 24.34% and a net margin of 34.84%. Compared to the same quarter in the prior year, MarketAxess’ quarterly revenue increased by 7.8%.
The company had a profit per share of $1.37 during the same period the year before when the same period was compared. Sell-side analysts forecast that MarketAxess Holdings INC will produce earnings per share of 7.79 cents during the current financial year.
In addition, the business has announced the payment of a quarterly dividend to its shareholders, which is scheduled to take place on February 22. Shareholders on record will be eligible to receive a dividend payment on February 8 of $0.72 per share.
This equates to a dividend payment of $2.88 and a yield of 0.81 percent when calculated annually.
The counting period for this dividend officially started on February 7, marking the date it was distributed.
This represents an increase from the previous amount of MarketAxess’ quarterly dividend, which was $0.70.
MarketAxess’s dividend payout ratio (also known as DPR) currently stands at 43.31%.
As part of their ongoing research, several brokerage houses have published studies on MKTX in recent months.
The Credit Suisse Group raised their price target on MarketAxess from $313.00 to $332.00 and upgraded the company to a “neutral” rating in a research report published on Thursday, January 26.
In addition, they increased the price range they are targeting for the stock, moving it from $313.00 to $332.00. Keefe, Bruyette & Woods gave the company a “market perform” rating in a research report released on January 26.
Due to this rating, they increased their price target on MarketAxess from $325.00 to $345.00.
In addition, the study mentioned that the researchers considered the stock to be “market perform.” Citigroup upgraded the stock to a “buy” rating and increased their price target on MarketAxess from $360.00 to $415.00 in a research report published on Thursday, January 26.
The MarketAxess stock of the company was the topic of the report. Goldman Sachs Group increased their price target on MarketAxess shares from $297.00 to $336.00 and gave the stock a “neutral” rating in a research report made public on Thursday, January 26.
The report was made available to the general public. On October 12, StockNews.com made its long-awaited debut in the sector by beginning coverage of MarketAxess shares.
This event marked the beginning of the site’s coverage of MarketAxess shares.
They advised their clients to “hold” the stock moving forward.
There is currently a consensus among research analysts that it is in one’s best interest to keep their shares, with one analyst suggesting buying the stock and another suggesting selling it.
According to the data made available by Bloomberg, the stock is currently rated as having a “Hold” status, and investors have placed an average price objective of $321.09 for the stock.
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