MarketAxess (NASDAQ:MKTX) Shares Unloaded Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently sold shares of MarketAxess Holdings Inc. (NASDAQ:MKTX). In a filing disclosed on March 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in MarketAxess stock on February 12th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Union Pacific (NYSE:UNP) on 2/25/2025.
• Purchased $1,001 – $15,000 in shares of Bank of New York Mellon (NYSE:BK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 2/24/2025.
• Sold $1,001 – $15,000 in shares of The PNC Financial Services Group (NYSE:PNC) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/24/2025.
• Purchased $1,001 – $15,000 in shares of Capital One Financial (NYSE:COF) on 2/14/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 2/14/2025.

MarketAxess Price Performance

NASDAQ:MKTX opened at $212.01 on Friday. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 3.89 and a beta of 1.05. The business has a 50 day simple moving average of $208.68 and a 200-day simple moving average of $241.63. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68.

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

MarketAxess Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 dividend on an annualized basis and a yield of 1.43%. MarketAxess’s dividend payout ratio is 41.82%.

Institutional Trading of MarketAxess

Institutional investors and hedge funds have recently made changes to their positions in the company. Accent Capital Management LLC bought a new position in MarketAxess during the 3rd quarter worth about $25,000. Global X Japan Co. Ltd. boosted its stake in shares of MarketAxess by 179.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 70 shares in the last quarter. Allianz SE bought a new position in shares of MarketAxess during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its holdings in MarketAxess by 495.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after buying an additional 104 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in MarketAxess by 13,900.0% in 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. 99.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.