MarketAxess Holdings Inc. (MKTX) Plans Quarterly Dividend of $0.26
MarketAxess Holdings Inc. (NASDAQ:MKTX) declared a quarterly dividend on Thursday, January 28th, MarketBeat.Com reports. Investors of record on Thursday, February 11th will be paid a dividend of 0.26 per share on Thursday, February 25th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, February 9th. This is an increase from MarketAxess Holdings’s previous quarterly dividend of $0.20.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a report on Thursday, January 7th. Raymond James raised shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating in a report on Monday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $107.00 price objective (up from $103.00) on shares of MarketAxess Holdings in a report on Thursday, October 8th. Finally, Macquarie upped their price objective on shares of MarketAxess Holdings from $84.00 to $92.00 and gave the company an “underperform” rating in a report on Thursday.
In related news, Director Stephen P. Casper sold 1,500 shares of the company’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $112.40, for a total value of $168,600.00. Following the transaction, the director now owns 43,866 shares in the company, valued at approximately $4,930,538.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard M. Mcvey sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $98.86, for a total transaction of $3,954,400.00. Following the completion of the transaction, the chief executive officer now owns 1,011,408 shares in the company, valued at approximately $99,987,794.88. The disclosure for this sale can be found here.
Shares of MarketAxess Holdings (NASDAQ:MKTX) opened at 111.97 on Friday. The stock has a market capitalization of $4.18 billion and a P/E ratio of 45.33. MarketAxess Holdings has a 12-month low of $74.17 and a 12-month high of $115.89. The firm’s 50-day moving average is $107.04 and its 200 day moving average is $100.35.
MarketAxess Holdings (NASDAQ:MKTX) last posted its quarterly earnings data on Wednesday, January 27th. The company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. During the same period last year, the business earned $0.57 EPS. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $76.41 million. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that MarketAxess Holdings will post $2.84 EPS for the current fiscal year.
MarketAxess Holdings Inc. (NASDAQ:MKTX) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data analytics, compliance tools and post-trade services. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Company’s trading platform provides access to global liquidity in United States high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, United States agency bonds, credit derivatives and other fixed-income securities. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. The Company offers various services, including Information Services, Post-Trade Services and Straight-Through Processing.
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