MarketAxess Holdings
MKTX

$256.85

0.45%

Market Cap: $9.7B

About: Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being U.S. investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.

Employees: 881

Financials Security Brokers, Dealers & Flotation Companies

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

5% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 60

0.9% more ownership

Funds ownership: 97.53% [Q1] → 98.42% (+0.9%) [Q2]

1% more funds holding

Funds holding: 451 [Q1] → 454 (+3) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

1% less repeat investments, than reductions

Existing positions increased: 166 | Existing positions reduced: 167

8% less capital invested

Capital invested by funds: $8.1B [Q1] → $7.48B (-$621M) [Q2]

37% less call options, than puts

Call options by funds: $17.5M | Put options by funds: $27.9M

See Fund Rankings

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$215

16%

downside

Avg. target

$222

14%

downside

High target

$225

12%

downside

6 analyst ratings

0 positive

0%

6 neutral

100%

0 negative

0%

Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target	13%downside $223	Hold Maintained	15 Aug 2024
Deutsche Bank Brian Bedell 53% 1-year accuracy 16 / 30 met price target	15%downside $218	Hold Maintained	7 Aug 2024
Keefe, Bruyette & Woods Kyle Voigt 83% 1-year accuracy 10 / 12 met price target	12%downside $225	Market Perform Maintained	7 Aug 2024
Piper Sandler Patrick Moley 92% 1-year accuracy 22 / 24 met price target	12%downside $225	Neutral Reiterated	6 Aug 2024
Barclays Benjamin Budish 72% 1-year accuracy 52 / 72 met price target	16%downside $215	Equal-Weight Maintained	10 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about MKTX published over the past 30 days

MarketAxess: August Volume Report Shows Strong YOY Growth, But Market Share Continues To Decline

Reiterating HOLD rating on MKTX due to recent market share decline in U.S. High Grade and High Yield credit, despite strong ADNV growth. August 2024 metrics show significant Y/Y growth in ADNV across all credit and rates categories, but market share continues to decline albeit at a slower pace. Forecasting 3Q24 commissions revenue up 12% Y/Y and EPS of $1.68 (+15% Y/Y), driven by higher Fee Per Million in credit.

MarketAxess: August Volume Report Shows Strong YOY Growth, But Market Share Continues To Decline

Zacks Investment Research

MarketAxess (MKTX) Surges 6.7%: Is This an Indication of Further Gains?

MarketAxess (MKTX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

MarketAxess (MKTX) Surges 6.7%: Is This an Indication of Further Gains?

Zacks Investment Research

MarketAxess (MKTX) Up 5.5% Since Last Earnings Report: Can It Continue?

MarketAxess (MKTX) reported earnings 30 days ago. What's next for the stock?

MarketAxess (MKTX) Up 5.5% Since Last Earnings Report: Can It Continue?

MarketAxess Announces Monthly Volume Statistics for August 2024

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for August 2024.1 Chris Concannon, CEO of MarketAxess, commented: “A favorable market environment helped deliver strong year-over-year, and solid month-over-month results in August. We delivered 27% growth in total credit ADV year-over-year, driven by a.

MarketAxess Announces Monthly Volume Statistics for August 2024

MarketAxess to Participate in the Barclays Global Financial Services Conference

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that Chris Concannon, Chief Executive Officer, and Ilene Fiszel Bieler, Chief Financial Officer, will participate in the Barclays Global Financial Services Conference on September 10, 2024. Mr. Concannon and Ms. Fiszel Bieler will participate in a fireside chat at 2:45 p.m. ET. The live webcast and replay for the fireside chat wi.

MarketAxess to Participate in the Barclays Global Financial Services Conference

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50 High Quality Dividend Stocks To Own For The Long Term

Zacks Investment Research

Here's Why Investors Should Hold MarketAxess (MKTX) Stock

MarketAxess (MKTX) remains well-poised for growth on the back of expanding commissions, product launches and sound cash reserves.

Here's Why Investors Should Hold MarketAxess (MKTX) Stock

13 stocks to consider if you're able to brave recession fears

Now that stock investors are beginning to realize that a recession isn't on the way, the U.S. market will get back to doing what is up to before the August swoon: showing strength beyond the Magnificent Seven.

13 stocks to consider if you're able to brave recession fears

MarketAxess: Electronic Credit Platform With Industry Tailwinds, Valuation Seems Fair

MarketAxess is a global electronic credit trading platform offering trading efficiency, diverse liquidity, and cost savings to institutional investors and broker-dealers. MKTX's revenue growth has slowed due to a decline in commissions revenue growth, but non-commission revenue has remained strong. MKTX's expenses have grown despite revenue headwinds, leading to margin compression and a decrease in operating margin.

MarketAxess: Electronic Credit Platform With Industry Tailwinds, Valuation Seems Fair

Zacks Investment Research

5 Stocks to Watch on Recent Dividend Hikes Amid Recession Fears

Investors may keep a tab on stocks like BMA, NOG, FOXA, SHIP and MKTX, which have lately hiked their dividend payments.

5 Stocks to Watch on Recent Dividend Hikes Amid Recession Fears

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