MarketAxess Holdings Inc. (NASDAQ:MKTX) Shares Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,418 shares of the financial services provider’s stock after purchasing an additional 106 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.12% of MarketAxess worth $10,266,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of MarketAxess by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 2,000,736 shares of the financial services provider’s stock worth $452,246,000 after purchasing an additional 236,497 shares in the last quarter. FMR LLC lifted its stake in shares of MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock valued at $501,907,000 after purchasing an additional 291,134 shares during the last quarter. Primecap Management Co. CA lifted its stake in MarketAxess by 0.6% during the 3rd quarter. Primecap Management Co. CA now owns 1,338,922 shares of the financial services provider’s stock worth $343,032,000 after acquiring an additional 8,042 shares in the last quarter. Geode Capital Management LLC lifted its stake in MarketAxess by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after acquiring an additional 139,949 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in MarketAxess by 42.1% during the 3rd quarter. Stephens Investment Management Group LLC now owns 393,877 shares of the financial services provider’s stock worth $100,911,000 after acquiring an additional 116,607 shares in the last quarter. 99.01% of the stock is owned by institutional investors and hedge funds.

MarketAxess Trading Up 0.3 %

NASDAQ:MKTX opened at $194.09 on Wednesday. The firm has a market capitalization of $7.32 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 4.08 and a beta of 1.02. The stock has a 50 day moving average of $219.88 and a 200-day moving average of $245.98. MarketAxess Holdings Inc. has a 52 week low of $188.88 and a 52 week high of $296.68.

MarketAxess (NASDAQ:MKTX) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share for the quarter, topping 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%. As a group, analysts predict that MarketAxess Holdings Inc. will post 8.05 EPS for the current fiscal year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.76 per share. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, February 19th. MarketAxess’s payout ratio is 40.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MKTX shares. Barclays cut their price target on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. UBS Group dropped their price target on MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Keefe, Bruyette & Woods dropped their price target 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. Piper Sandler decreased their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on MarketAxess from $258.00 to $264.00 and gave the company a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, MarketAxess has a consensus rating of “Hold” and an average price target of $254.78.

Insider Transactions at MarketAxess

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $240.57, for a total transaction of $72,171.00. Following the transaction, the general counsel now directly owns 8,302 shares of the company’s stock, valued at $1,997,212.14. This represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.66% of the stock is currently owned by company insiders.

About MarketAxess

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.