Primecap Management Co. CA Purchases 30,180 Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX)

Primecap Management Co. CA grew its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,369,102 shares of the financial services provider’s stock after purchasing an additional 30,180 shares during the quarter. Primecap Management Co. CA owned approximately 3.63% of MarketAxess worth $309,472,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MKTX. V Square Quantitative Management LLC increased its position in MarketAxess by 4.0% during the 4th quarter. V Square Quantitative Management LLC now owns 1,340 shares of the financial services provider’s stock valued at $303,000 after buying an additional 52 shares in the last quarter. M&T Bank Corp increased its position in MarketAxess by 4.0% during the 3rd quarter. M&T Bank Corp now owns 1,469 shares of the financial services provider’s stock valued at $376,000 after buying an additional 56 shares in the last quarter. Versor Investments LP increased its position in MarketAxess by 6.3% during the 4th quarter. Versor Investments LP now owns 1,102 shares of the financial services provider’s stock valued at $249,000 after buying an additional 65 shares in the last quarter. Global X Japan Co. Ltd. increased its position in MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in MarketAxess by 2.6% during the 4th quarter. Fifth Third Bancorp now owns 2,979 shares of the financial services provider’s stock valued at $673,000 after buying an additional 75 shares in the last quarter. 99.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MarketAxess Price Performance

Shares of MKTX opened at $217.33 on Tuesday. MarketAxess Holdings Inc. has a one year low of $186.84 and a one year high of $296.68. The firm has a market capitalization of $8.19 billion, a P/E ratio of 29.89, a PEG ratio of 3.89 and a beta of 1.05. The business has a fifty day moving average of $208.03 and a 200 day moving average of $241.12.

MarketAxess (NASDAQ:MKTX) last issued 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 return on equity of 20.23% and a net margin of 33.56%. Analysts expect that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors 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 annualized dividend and a yield of 1.40%. MarketAxess’s 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.