Deutsche Bank AG Decreases Position in MarketAxess Holdings Inc. (MKTX)

Deutsche Bank AG lowered its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 58.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,399 shares of the financial services provider’s stock after selling 24,243 shares during the quarter. Deutsche Bank AG’s holdings in MarketAxess were worth $3,673,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Baillie Gifford & Co. grew its holdings in shares of MarketAxess by 9.1% during the 4th quarter. Baillie Gifford & Co. now owns 4,018,282 shares of the financial services provider’s stock worth $849,103,000 after purchasing an additional 335,795 shares during the period. Vanguard Group Inc. grew its holdings in shares of MarketAxess by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,174,912 shares of the financial services provider’s stock worth $566,689,000 after purchasing an additional 48,627 shares during the period. Vanguard Group Inc boosted its holdings in MarketAxess by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 3,174,912 shares of the financial services provider’s stock worth $566,689,000 after acquiring an additional 48,627 shares during the period. American Century Companies Inc. boosted its holdings in MarketAxess by 4.5% in the 4th quarter. American Century Companies Inc. now owns 769,769 shares of the financial services provider’s stock worth $162,660,000 after acquiring an additional 33,172 shares during the period. Finally, Ownership Capital B.V. boosted its holdings in MarketAxess by 28.5% in the 4th quarter. Ownership Capital B.V. now owns 427,436 shares of the financial services provider’s stock worth $90,322,000 after acquiring an additional 94,860 shares during the period. Institutional investors and hedge funds own 99.19% of the company’s stock.

Shares of MarketAxess stock traded up $0.45 on Wednesday, hitting $292.49. 278,514 shares of the company’s stock traded hands, compared to its average volume of 272,948. The stock has a market cap of $11.01 billion, a P/E ratio of 64.00, a price-to-earnings-growth ratio of 11.43 and a beta of 0.24. MarketAxess Holdings Inc. has a 52-week low of $172.09 and a 52-week high of $299.00.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.02. The company had revenue of $124.49 million during the quarter, compared to analysts’ expectations of $125.43 million. MarketAxess had a return on equity of 29.88% and a net margin of 39.84%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. Equities analysts forecast that MarketAxess Holdings Inc. will post 5.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, May 7th. MarketAxess’s dividend payout ratio (DPR) is currently 44.64%.

A number of equities analysts have weighed in on MKTX shares. Zacks Investment Research cut MarketAxess from a “buy” rating to a “hold” rating in a report on Monday, March 25th. BidaskClub upgraded MarketAxess from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Barclays upped their price target on MarketAxess from $218.00 to $244.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Finally, Rosenblatt Securities started coverage on MarketAxess in a report on Monday, April 15th. They issued a “neutral” rating and a $255.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. MarketAxess has a consensus rating of “Hold” and a consensus price target of $232.33.

In related news, CEO Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $281.14, for a total transaction of $5,622,800.00. Following the sale, the chief executive officer now directly owns 1,006,289 shares of the company’s stock, valued at approximately $282,908,089.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Themelis sold 1,489 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $265.61, for a total value of $395,493.29. Following the sale, the insider now directly owns 53,564 shares in the company, valued at $14,227,134.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,489 shares of company stock valued at $7,684,753. Company insiders own 3.52% of the company’s stock.

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MarketAxess Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. It offers institutional investor and broker-dealer firms the access to global liquidity in U.S.

Further Reading: LIBOR

Institutional Ownership by Quarter for MarketAxess (NASDAQ:MKTX)

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