MarketAxess (NASDAQ:MKTX) Shares Acquired Rep. Julie Johnson

Representative Julie Johnson (D-Texas) recently bought shares of MarketAxess Holdings Inc. (NASDAQ:MKTX). In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in MarketAxess stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

MarketAxess Stock Performance

Shares of NASDAQ MKTX traded up $2.07 during midday trading on Friday, hitting $193.49. 642,676 shares of the stock traded hands, compared to its average volume of 493,569. The company has a market cap of $7.29 billion, a PE ratio of 26.61, a P/E/G ratio of 4.08 and a beta of 1.02. MarketAxess Holdings Inc. has a one year low of $188.88 and a one year high of $296.68. The business has a 50 day moving average price of $220.83 and a two-hundred day moving average price of $245.87.

MarketAxess (NASDAQ:MKTX) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts forecast that MarketAxess Holdings Inc. will post 8.05 EPS for the current fiscal year.

MarketAxess Increases Dividend

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

Insider Activity at MarketAxess

In other MarketAxess news, General Counsel Scott Pintoff sold 300 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $240.57, for a total transaction of $72,171.00. Following the sale, the general counsel now directly owns 8,302 shares in the company, valued at approximately $1,997,212.14. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MKTX. Accent Capital Management LLC bought a new position in MarketAxess during the 3rd quarter valued at approximately $25,000. Global X Japan Co. Ltd. increased its position in MarketAxess by 179.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 109 shares of the financial services provider’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. Allianz SE bought a new position in MarketAxess during the 4th quarter valued at approximately $27,000. Smartleaf Asset Management LLC increased its position in MarketAxess by 495.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider’s stock valued at $28,000 after buying an additional 104 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in MarketAxess by 13,900.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider’s stock valued at $32,000 after buying an additional 139 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Keefe, Bruyette & Woods lowered their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Piper Sandler cut their price objective on MarketAxess from $265.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group cut their price objective on MarketAxess from $235.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 10th. Finally, UBS Group dropped their target price on MarketAxess from $330.00 to $305.00 and set a “buy” rating for the company in a 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 assigned a buy rating to the company. Based on data from MarketBeat, MarketAxess presently has a consensus rating of “Hold” and a consensus price target of $254.78.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.