Mitsubishi UFJ Asset Management Co. Ltd. Has $13.51 Million Stock Holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,653 shares of the financial services provider’s stock after purchasing an additional 4,600 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of MarketAxess worth $13,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKTX. Korea Investment CORP raised its stake in shares of MarketAxess by 41.8% during the fourth quarter. Korea Investment CORP now owns 15,573 shares of the financial services provider’s stock worth $3,520,000 after buying an additional 4,593 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in MarketAxess by 18.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 66,569 shares of the financial services provider’s stock worth $15,047,000 after acquiring an additional 10,546 shares during the period. EntryPoint Capital LLC bought a new stake in shares of MarketAxess during the 4th quarter valued at $279,000. Congress Wealth Management LLC DE acquired a new position in shares of MarketAxess in the 4th quarter valued at $6,774,000. Finally, Vanguard Group Inc. boosted its position in shares of MarketAxess by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,434,946 shares of the financial services provider’s stock worth $1,002,475,000 after purchasing an additional 90,805 shares during the last quarter. 99.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MarketAxess Trading Down 0.2 %

MKTX opened at $216.35 on Tuesday. The stock has a market capitalization of $8.15 billion, a P/E ratio of 29.76, a P/E/G ratio of 3.89 and a beta of 1.05. MarketAxess Holdings Inc. has a 12 month low of $186.84 and a 12 month high of $296.68. The firm’s fifty day simple moving average is $207.49 and its 200 day simple moving average is $238.66.

MarketAxess (NASDAQ:MKTX) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. MarketAxess had a return on equity of 20.23% and a net margin of 33.56%. On average, equities research analysts predict that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were paid a dividend of $0.76 per share. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Wednesday, February 19th. MarketAxess’s dividend payout ratio (DPR) is currently 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.