Northern Trust Corp lessened its stake in shares of MarketAxess Holdings, Inc. (NASDAQ:MKTX) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 320,776 shares of the financial services provider’s stock after selling 4,011 shares during the period. Northern Trust Corp owned about 0.85% of MarketAxess Holdings worth $64,508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in MarketAxess Holdings by 0.5% during the second quarter. D.A. Davidson & CO. now owns 1,380 shares of the financial services provider’s stock valued at $277,000 after buying an additional 7 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of MarketAxess Holdings by 24.5% in the second quarter. Citigroup Inc. now owns 14,590 shares of the financial services provider’s stock worth $2,933,000 after buying an additional 2,867 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of MarketAxess Holdings by 21.0% in the second quarter. UBS Asset Management Americas Inc. now owns 25,661 shares of the financial services provider’s stock worth $5,160,000 after buying an additional 4,445 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of MarketAxess Holdings by 1.5% in the second quarter. Mutual of America Capital Management LLC now owns 30,431 shares of the financial services provider’s stock worth $6,120,000 after buying an additional 450 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of MarketAxess Holdings by 1.5% in the second quarter. Thrivent Financial For Lutherans now owns 36,660 shares of the financial services provider’s stock worth $7,372,000 after buying an additional 530 shares during the period. Hedge funds and other institutional investors own 91.20% of the company’s stock.

MarketAxess Holdings, Inc. (NASDAQ MKTX) opened at 185.07 on Wednesday. The stock has a market cap of $6.95 billion, a PE ratio of 48.68 and a beta of 0.71. The firm’s 50-day moving average price is $184.97 and its 200 day moving average price is $190.98. MarketAxess Holdings, Inc. has a 1-year low of $145.10 and a 1-year high of $211.06.

MarketAxess Holdings (NASDAQ:MKTX) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.08. MarketAxess Holdings had a return on equity of 30.38% and a net margin of 37.46%. The firm had revenue of $97.31 million for the quarter, compared to analyst estimates of $96.42 million. During the same period in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts expect that MarketAxess Holdings, Inc. will post $4.07 EPS for the current year.

MKTX has been the topic of several analyst reports. BidaskClub raised shares of MarketAxess Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $210.00 price target on shares of MarketAxess Holdings in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of MarketAxess Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Raymond James Financial, Inc. raised their price objective on shares of MarketAxess Holdings from $216.00 to $219.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $197.17.

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In other MarketAxess Holdings news, CEO Richard M. Mcvey sold 20,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $198.63, for a total transaction of $3,972,600.00. Following the completion of the transaction, the chief executive officer now owns 1,108,142 shares in the company, valued at approximately $220,110,245.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.02% of the company’s stock.

About MarketAxess Holdings

MarketAxess Holdings Inc operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments using its trading technology. Institutional investor and broker-dealer firms are users of trading platform, accessing global liquidity in the United States corporate bonds, emerging markets and high-yield bonds, European bonds, the United States agency bonds, municipal bonds, credit default swaps and other fixed-income securities.

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Institutional Ownership by Quarter for MarketAxess Holdings (NASDAQ:MKTX)

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