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 Börse Group in 2020 adding to its product offerings.
Employees: 881
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
22% more repeat investments, than reductions
Existing positions increased: 192 | Existing positions reduced: 158
19% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 73
1.66% more ownership
Funds ownership: 97.21% [Q3] → 98.87% (+1.66%) [Q4]
0% less funds holding
Funds holding: 500 [Q3] → 499 (-1) [Q4]
10% less call options, than puts
Call options by funds: $28.7M | Put options by funds: $31.9M
11% less capital invested
Capital invested by funds: $9.45B [Q3] → $8.42B (-$1.03B) [Q4]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 2 (-2) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$210
8%
upside
Avg. target
$241
24%
upside
High target
$305
57%
upside
5 analyst ratings
1 positive
20%
4 neutral
80%
0 negative
0%
Goldman Sachs Alexander Blostein 67% 1-year accuracy 29 / 43 met price target | 8%upside $210 | Neutral Maintained | 10 Feb 2025 |
Barclays Benjamin Budish 76% 1-year accuracy 95 / 125 met price target | 16%upside $225 | Equal-Weight Maintained | 7 Feb 2025 |
Keefe, Bruyette & Woods Kyle Voigt 71% 1-year accuracy 22 / 31 met price target | 16%upside $225 | Market Perform Maintained | 7 Feb 2025 |
UBS Alex Kramm 63% 1-year accuracy 10 / 16 met price target | 57%upside $305 | Buy Maintained | 7 Feb 2025 |
Piper Sandler Patrick Moley 89% 1-year accuracy 39 / 44 met price target | 24%upside $240 | Neutral Maintained | 7 Jan 2025 |
Financial journalist opinion
Based on 14 articles about MKTX published over the past 30 days
Positive
Seeking Alpha
1 week ago
17 Upcoming Dividend Increases, Including 3 Kings
This week's dividend increases feature three Dividend Kings: Archer-Daniels-Midland, Consolidated Edison, and Black Hills Corporation, with streaks of 50, 51, and 55 years, respectively. Consistently rising dividends indicate strong cash flow and financial stability, making such companies attractive long-term investments that often outperform benchmarks. My strategy focuses on stocks with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ.
Neutral
Seeking Alpha
2 weeks ago
MarketAxess Holdings Inc. (MKTX) Q4 2024 Earnings Call Transcript
MarketAxess Holdings Inc. (NASDAQ:MKTX ) Q4 2024 Earnings Conference Call February 6, 2025 10:30 AM ET Company Participants Steve Davidson – Head of Investor Relations Chris Concannon – Chief Executive Officer Rich Schiffman – Global Head of Trading Solutions Ilene Fiszel Bieler – Chief Financial Officer Conference Call Participants Chris Allen – Citi Dan Fannon – Jefferies Benjamin Budish – Barclays Kyle Voigt – KBW Alex Blostein – Goldman Sachs Jeff Schmitt – William Blair Eli Abboud – Bank of America Michael Cyprys – Morgan Stanley Simon Clinch – Redburn Atlantic Operator Ladies and gentlemen, thank you for standing by. Welcome to the MarketAxess Fourth Quarter and Full Year 2024 Earnings Conference Call.
Positive
Zacks Investment Research
2 weeks ago
MarketAxess Q4 Earnings Beat on Strong Emerging Markets Volumes
MKTX's fourth-quarter results reflect solid trading volumes in Eurobonds and emerging markets, driving commission revenues. Elevated marketing and advertising expenses partially offset the results.
Neutral
Zacks Investment Research
2 weeks ago
Here's What Key Metrics Tell Us About MarketAxess (MKTX) Q4 Earnings
While the top- and bottom-line numbers for MarketAxess (MKTX) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Reuters
2 weeks ago
MarketAxess' fourth quarter profit falls on hit from Treasury investments
Bond trading platform MarketAxess Holdings reported a 6% decline in fourth-quarter profit on Thursday, partly due to an unrealized loss on its U.S. Treasury investments.
Positive
Zacks Investment Research
2 weeks ago
MarketAxess (MKTX) Q4 Earnings Top Estimates
MarketAxess (MKTX) came out with quarterly earnings of $1.73 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.84 per share a year ago.
Neutral
Business Wire
2 weeks ago
MarketAxess Reports Fourth Quarter and Full Year 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the fourth quarter and full year ended December 31, 2024. 4Q24 select financial and operational highlights* Total revenues of $202.4 million, including an increase of approximately $1.0 million from the impact of foreign currency fluctuations. 15% growth in emerging markets and Eurobonds commission revenue,.
Neutral
Business Wire
2 weeks ago
MarketAxess to Participate in the UBS 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 UBS Financial Services Conference on February 10, 2025. Mr. Concannon and Ms. Fiszel Bieler will participate in a fireside chat at 2:40 p.m. ET. The live webcast and replay for the fireside chat will be availab.
Neutral
Zacks Investment Research
2 weeks ago
Wall Street's Insights Into Key Metrics Ahead of MarketAxess (MKTX) Q4 Earnings
Evaluate the expected performance of MarketAxess (MKTX) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Neutral
Zacks Investment Research
2 weeks ago
Will Lower U.S. High-Yield Trading Affect MarketAxess' Q4 Earnings?
MKTX's fourth-quarter earnings are likely to have benefited from growing total trading volume and commissions.
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