Media headlines about MarketAxess (NASDAQ:MKTX) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MarketAxess earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.8193841780466 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities research analysts have weighed in on MKTX shares. UBS Group lowered MarketAxess from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Zacks Investment Research upgraded MarketAxess from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Raymond James Financial restated a “market perform” rating on shares of MarketAxess in a research note on Monday, January 22nd. Goldman Sachs Group lowered MarketAxess from a “buy” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Monday, January 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $215.00 price objective on shares of MarketAxess in a research note on Friday, December 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $214.40.
MarketAxess (NASDAQ MKTX) traded up $2.50 during trading hours on Friday, reaching $201.40. The company’s stock had a trading volume of 123,418 shares, compared to its average volume of 287,346. MarketAxess has a 52 week low of $171.45 and a 52 week high of $211.06. The company has a market cap of $7,650.00, a P/E ratio of 47.95 and a beta of 0.60.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from MarketAxess’s previous quarterly dividend of $0.20. MarketAxess’s dividend payout ratio (DPR) is currently 40.00%.
In other MarketAxess news, Director Stephen P. Casper sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $195.84, for a total transaction of $391,680.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David G. Gomach sold 4,225 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $197.98, for a total value of $836,465.50. Following the transaction, the director now directly owns 259 shares in the company, valued at approximately $51,276.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,225 shares of company stock worth $7,899,496. 4.02% of the stock is currently owned by company insiders.
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MarketAxess Company Profile
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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