MarketAxess (NASDAQ:MKTX) Shares Gap Up – What’s Next?

04 Apr 2025, 12:17 by Jessica Moore · The Cerbat Gem

Shares of MarketAxess Holdings Inc. (NASDAQ:MKTX – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $216.15, but opened at $227.35. MarketAxess shares last traded at $224.73, with a volume of 101,258 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on MKTX shares. Bank of America increased their price target on shares of MarketAxess from $189.00 to $191.00 and gave the company an “underperform” rating in a research report on Wednesday. UBS Group lowered their price objective on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a research report 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 dropped their price objective on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays reduced their price target on MarketAxess from $256.00 to $225.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $255.44.

Check Out Our Latest Report on MKTX

MarketAxess Price Performance

The stock’s 50 day moving average is $206.87 and its two-hundred day moving average is $238.03. The stock has a market capitalization of $8.29 billion, a PE ratio of 30.33, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.

MarketAxess (NASDAQ:MKTX – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share 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 analysts predict that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current year.

MarketAxess Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th were issued a $0.76 dividend. This is an increase from MarketAxess’s previous quarterly dividend of $0.74. This represents a $3.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Wednesday, February 19th. MarketAxess’s payout ratio is presently 41.82%.

Institutional Trading of MarketAxess

Hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank acquired a new position in shares of MarketAxess in the 4th quarter valued at about $1,088,000. Keybank National Association OH raised its stake in shares of MarketAxess by 18.2% in the 4th quarter. Keybank National Association OH now owns 8,149 shares of the financial services provider’s stock valued at $1,842,000 after acquiring an additional 1,256 shares during the period. Charles Schwab Investment Management Inc. boosted its position in MarketAxess by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 363,224 shares of the financial services provider’s stock worth $82,103,000 after purchasing an additional 5,153 shares during the period. Norden Group LLC purchased a new position in MarketAxess in the fourth quarter valued at about $539,000. Finally, Taika Capital LP acquired a new position in shares of MarketAxess during the fourth quarter worth about $2,689,000. 99.01% of the stock is owned by institutional investors and hedge funds.

About MarketAxess

(Get Free Report)