MarketAxess HoldingsMKTX
MKTX
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 US 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 Borse Group in 2020 adding to its product offerings.
Employees: 881
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
83% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 48
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
23% more capital invested
Capital invested by funds: $7.53B [Q2] → $9.29B (+$1.76B) [Q3]
9% more funds holding
Funds holding: 458 [Q2] → 498 (+40) [Q3]
2% more call options, than puts
Call options by funds: $20.4M | Put options by funds: $19.9M
3.55% less ownership
Funds ownership: 99.11% [Q2] → 95.55% (-3.55%) [Q3]
21% less repeat investments, than reductions
Existing positions increased: 152 | Existing positions reduced: 193
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$185
20%
downside
Avg. target
$272
18%
upside
High target
$335
46%
upside
9 analyst ratings
2 positive
22%
6 neutral
67%
1 negative
11%
Keefe, Bruyette & Woods Kyle Voigt 83% 1-year accuracy 20 / 24 met price target | 11%upside $255 | Market Perform Maintained | 20 Dec 2024 |
Barclays Benjamin Budish 69% 1-year accuracy 72 / 104 met price target | 17%upside $269 | Equal-Weight Maintained | 9 Dec 2024 |
Deutsche Bank Brian Bedell 75% 1-year accuracy 30 / 40 met price target | 15%upside $264 | Hold Maintained | 11 Nov 2024 |
UBS Alex Kramm 85% 1-year accuracy 11 / 13 met price target | 46%upside $335 | Buy Maintained | 7 Nov 2024 |
Piper Sandler Patrick Moley 78% 1-year accuracy 31 / 40 met price target | 15%upside $265 | Neutral Reiterated | 7 Nov 2024 |
Financial journalist opinion
Based on 11 articles about MKTX published over the past 30 days
Neutral
Zacks Investment Research
1 week ago
Zacks Industry Outlook Intercontinental Exchange, CME Group, Nasdaq, Cboe Global Markets and MarketAxess
Intercontinental Exchange, CME Group, Nasdaq, Cboe Global Markets and MarketAxess have been highlighted in this Industry Outlook article.
Neutral
Zacks Investment Research
1 week ago
5 Stocks to Watch From the Prospering Securities and Exchanges Industry
Product innovation, increased market volatility and a strategic economic market model are expected to aid Securities and Exchanges stocks like ICE, CME, NDAQ, CBOE and MKTX. However, compliance with regulations remains a challenge.
Negative
Zacks Investment Research
1 week ago
Why Is MarketAxess (MKTX) Down 11.1% Since Last Earnings Report?
MarketAxess (MKTX) reported earnings 30 days ago. What's next for the stock?
Positive
Seeking Alpha
1 week ago
3 Dividend Gems You Didn't Know Could Build Lasting Wealth
Over the next 25 years, $124 trillion in inheritances will be transferred, reshaping wealth distribution and offering new investment opportunities for younger generations. Three dividend growth companies on my watch list have impressive potential, enjoying strong secular growth. While these companies may not be “mainstream,” their solid business models and growth prospects make them excellent picks for long-term investors.
Positive
Zacks Investment Research
2 weeks ago
MarketAxess Expands AI Pricing to Munis, Reports November Volumes
MKTX expands the use of AI-powered pricing for municipal bonds. It reports strong emerging markets and Eurobonds volume in November.
Positive
Seeking Alpha
2 weeks ago
MarketAxess: A Forgotten Stock Worth Buying On The Dip
MarketAxess reported strong Q3'24 results with revenue of $207 million, driven by increased market volumes and impressive operating leverage, leading to a 30% EPS growth. The company's global strategy is paying off, with 37% of commission revenue now from outside U.S. credit, signaling successful global expansion and reduced reliance on a single market. Key growth drivers include international expansion, enhanced trading solutions, and a new partnership with S&P Global, positioning MKTX for continued growth and a competitive edge.
Positive
Zacks Investment Research
2 weeks ago
Here's Why You Should Add MarketAxess to Your Portfolio Now
MKTX remains well-poised for growth on the back of improved commission revenues, a diversified product portfolio and a notable financial position.
Negative
Zacks Investment Research
2 weeks ago
MarketAxess (MKTX) Loses -9.63% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
MarketAxess (MKTX) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Neutral
Business Wire
2 weeks ago
MarketAxess Expands AI-Powered Pricing Engine to Cover Municipal Bonds
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that CP+, the AI-powered, algorithmic pricing engine for global credit and rates markets, will now also cover municipal bonds. By leveraging proprietary data from the MarketAxess trading platform, TraX® market data, and public sources like TRACE, CP+ goes beyond traditional fixed income pricing sources to deliver value across the.
Neutral
Business Wire
2 weeks ago
MarketAxess Announces Trading Volume Statistics for November 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 November 2024.1 Chris Concannon, CEO of MarketAxess, commented: “We delivered total ADV of $45 billion in November, an increase of 56% from the prior year, driven by a rebound in U.S. Treasury ADV. In credit, record emerging markets ADV, which increa.
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