MarketAxess Holdings Azioni (NASDAQ: MKTX)

Ultime notizie per MarketAxess Holdings (NASDAQ:MKTX) Azioni

MarketAxess Holdings

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.

MarketAxess Holdings, Inc. - Common Stock

MarketAxess Holdings Inc

McVey has agreed to remain as the Chairman of the Board of Directors of MarketAxess Limited, the Company's international holding company.

News

Management

MKTX

MarketAxess Founder And Executive Chairman Rick Mcvey To Retire At Year-End; Carlos Hernandez Elected As Next Chairman

MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) reported quarterly earnings of $1.90 per share which beat the analyst consensus estimate of $1.83 by 3.83 percent. The company reported quarterly sales of $206.715 million which beat the analyst consensus estimate of $206.245 million by 0.23 percent. This is a 19.99 percent increase over sales of $172.284 million the same period last year.

Earnings

Earnings Beats

MarketAxess Holdings Q3 2024 GAAP EPS $1.90 Beats $1.83 Estimate, Sales $206.715M Beat $206.245M Estimate

Select October 2024 Highlights
<ul>
<li>Record total average daily volume ("ADV") of $46.2 billion increased 40% compared to the prior year, and increased 2% compared to September 2024. These strong results were driven by total credit ADV of $15.0 billion, representing an increase of 19% compared to the prior year, and a decrease of 9% compared to September 2024. Record total rates ADV of $31.2 billion, which increased 54% compared to the prior year, and increased 9% compared to September 2024 levels, also contributed to the strong performance in October 2024.</li>
<li>Record total trading volume of $1.0 trillion on the platform increased 47% compared to the prior year, and increased 12% compared to September 2024.</li>
</ul>

MarketAxess Announced Trading Volume For October 2024 With Total Average Daily Volume Of $46.2B, Up 40% YoY And +2% Compared To September 2024

The stock market indexes have enjoyed record highs in recent years with the S&amp;P 500 outperforming other years with President&nbsp;Joe Biden&nbsp;leading the country for the last&nbsp;<a href="https://www.benzinga.com/general/education/24/02/37275812/if-you-invested-in-the-s-p-500-when-joe-biden-became-president-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">nearly four years.</a>
Not all stocks went up with Biden in office and investors may want to take a look back at the worst performing stocks of 2021 to prepare themselves for what could be ahead with the 2024 election nearing.
What Happened:&nbsp;Biden stepped down from&nbsp;<a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">the 2024 presidential election&nbsp;</a>earlier this year. While the current president won&#8217;t be re-elected to the White House, past performance with a Democrat as president could highlight which stocks and sectors could be winners if&nbsp;Kamala Harris&nbsp;is victorious in Tuesday&#8217;s election.
The S&amp;P 500, which is tracked by the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>),&nbsp;was up 26.9% in 2021. This marked the best yearly performance since 2018 and the second-best performance for the key stock market index in the last 11 years.
The 12 months following Election Day 2020, which was won by Biden,&nbsp;<a href="https://www.benzinga.com/news/22/01/25137004/biden-vs-trump-how-did-stock-market-returns-compare-after-their-first-year-as-president" target="_blank" rel="noreferrer noopener">saw the S&amp;P 500 gain 37.4%.</a>&nbsp;This was the best one-year market return under a president in many years.
While many stocks were up in 2021, not all of the publicly traded companies had positive returns on the year.
Here were the 10 best-performing S&amp;P 500 stocks in 2021, according to a <a href="https://www.statmuse.com/money/ask/worst-performing-stocks-in-2021-in-the-s-and-p-500" target="_blank" rel="noreferrer noopener">report </a>from StatMuse, and their sectors.
<ol>
<li>Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>): -37.1%, consumer discretionary/casinos</li>
<li>Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>): -36.8%, financials</li>
<li>Market Axess (NASDAQ::MKTX): -28.1%, financials</li>
<li>Viatris (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTRS#NASDAQ">VTRS</a>): -25.8%, health care</li>
<li>Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>): -24.8%, consumer discretionary/casinos</li>
<li>Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>): -24.4%, media/entertainment</li>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): -23.8%, technology</li>
<li>Fidelity National Information Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>): financials</li>
<li>PayPal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>): -20.7%, financials</li>
<li>Erie Indemnity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>): -20.3%, insurance</li>
</ol>
The results above show that financials was an underperforming sector in 2021 and also includes several casino stocks on the list. Peak at the top<a href="https://www.benzinga.com/news/21/12/24848823/10-worst-performing-s-p-500-stocks-of-2021"> 10 best performing</a> S&amp;P 500 stocks here. 
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110224" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It&#8217;s Important: Click through&nbsp;<a href="https://www.benzinga.com/general/politics/24/10/41584466/these-10-stocks-were-the-best-s-p-500-performers-in-2017-when-trump-was-president-will-history-r" target="_blank" rel="noreferrer noopener">to see the 10 best</a>&nbsp;and&nbsp;<a href="https://www.benzinga.com/general/politics/24/10/41606114/10-s-p-500-stocks-were-worst-performers-in-first-year-of-trumps-presidency-will-they-sink-again" target="_blank" rel="noreferrer noopener">10 worst-performing</a>&nbsp;S&amp;P 500 stocks of 2017,&nbsp;Donald Trump&#8216;s first year in the White House.
What's interesting for investors could be the correlation for some stocks based on who was in the White House.
Wynn Resorts was the fourth best performing stock in the S&amp;P 500 in 2017 under Trump, but was an underperformer in 2021 under Biden. PayPal was the eighth best performing stock in the S&amp;P 500 in 2017, but was an underperformer in 2021.
The results above could show that financials and casino stocks could be underperformers if Harris wins the presidency based on the past results and Democratic Party leadership.
With less than one week until the 2024 election, investors are likely positioning their portfolio based on a Trump or&nbsp;Harris&nbsp;victory in some regards. With a close election predicted, investors may want to look to sectors that could benefit under either candidate.
Freedom Capital Markets&nbsp;Chief Global Strategist&nbsp;Jay Woods&nbsp;previously<a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40515453/exclusive-trump-or-harris-12-stocks-2-etfs-could-win-no-matter-whos-president-says-market-strate" target="_blank" rel="noreferrer noopener">&nbsp;shared some sectors&nbsp;</a>and stocks to watch with Benzinga that could benefit regardless of whether Trump or Harris wins the 2024 election.
Woods named defense stocks and cybersecurity stocks as two of the top sectors to watch ahead of the 2024 election.
"I think you've got to watch this sector closely," Woods said of the defense sector.
Woods added that defense stocks could continue to benefit from geopolitical concerns and the world&#8217;s many adverse events.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?</a></li>
</ul>

Market Summary

ERIE

PLTR

PYPL

VTRS

WYNN

These 10 Stocks Were S&P 500's Worst Performers In Biden's First Year: Could Trend Continue If Harris Wins 2024 Election?

Morgan Stanley analyst Michael Cyprys maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Equal-Weight and raises the price target from $262 to $314.

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on MarketAxess Holdings, Raises Price Target to $314

Piper Sandler analyst Patrick Moley maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Neutral and raises the price target from $235 to $265.

Piper Sandler Maintains Neutral on MarketAxess Holdings, Raises Price Target to $265

Barclays analyst Benjamin Budish maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Equal-Weight and raises the price target from $237 to $268.

Barclays Maintains Equal-Weight on MarketAxess Holdings, Raises Price Target to $268

Citigroup analyst Christopher Allen maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Buy and raises the price target from $310 to $325.

Citigroup Maintains Buy on MarketAxess Holdings, Raises Price Target to $325

B of A Securities analyst Eli Abboud maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Underperform and lowers the price target from $193 to $185.

B of A Securities Maintains Underperform on MarketAxess Holdings, Lowers Price Target to $185

WIIM

MarketAxess shares are trading higher after the company reported a year-over-year increase in Q3 and September trading volume and transaction fees.

General

MarketAxess Announced Trading Volume And Preliminary Variable Transaction Fees Per Million For September 2024 And Q3, With Total Average Daily Volume Of $45.2B, Up 52.5% Yoy And 8.6% Compared To August 2024, In Q3 Total Average Daily Volume Was $40.5B, Up 38.4% Yoy And 18.6% Compared To 2Q24

Goldman Sachs analyst Alexander Blostein maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Neutral and raises the price target from $204 to $233.

Goldman Sachs Maintains Neutral on MarketAxess Holdings, Raises Price Target to $233

Fund manager Matthew Tuttle made waves in the ETF space for his unique funds that offer ways for investors to get leveraged exposure or <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36500461/exclusive-the-man-who-shorts-cathie-wood-and-jim-cramer-filed-for-new-bitcoin-etfs-why-lev">bet against well-known financial figures</a> like Jim Cramer and Cathie Wood.
Tuttle is back with a new fund that gives investors a way to invest in companies that are not meeting ESG (environmental, social, and governance) requirements.
What Happened: Tuttle Capital Management launched the ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>), a new ETF that gives investors<a href="https://www.benzinga.com/markets/esg/23/09/34288808/want-to-bet-against-woke-companies-theres-an-etf-for-that"> a way to invest </a>in companies that "focus on profits, not politics or trendy activisms of the moment."
"ESGX allows investors to choose a portfolio of companies that follow the comment sense notion that companies that focus on profits are better for investors than companies that don't," a press release for the fund reads.
The ETF follows the AJN Shareholders First Index, which tracks a portfolio of U.S. companies that meet the requirement of focusing on profits and ignoring politics and "trendy activisms of the moment."
"Too many companies today put ESG and DEI politics first and their shareholders' profits last," Tuttle Capital CEO Matthew Tuttle said. "ESG has become a way for liberal executives and large investors to enact social changes that they can't pass at the ballot box."
Tuttle said CEOs can be pressured to "cave to the trendy politics of the moment," and often times this is not in the best interest of shareholders.
"That's why we launched ESGX – to put shareholders and profits first."
Tuttle added that investors had limited options of ways to invest in companies that put profits ahead of politics before the ETF launched.
As of Sept. 9, the following were the top <a href="http://ShareholdersFirstETF.com">holdings </a>in the ESGX ETF:
<ul>
<li>MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>): 2.3% of assets</li>
<li>Evergy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>): 2.2% of assets</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>): 2.1% of assets</li>
<li>MDU Resources Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>): 2.1% of assets</li>
<li>RLI Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>): 2.1% of assets</li>
</ul>
The ETF launch comes after companies like Anheuser-Busch InBev (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>), Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and others have been <a href="https://www.benzinga.com/news/23/06/33083401/mark-cuban-vs-chamath-palihapitiya-billionaires-battle-over-go-woke-go-broke-mantra">accused by consumers</a> and investors of focusing too heavily on ESG and DEI policies and "going woke" instead of worrying about financial growth and returns for shareholders.
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39299113/nancy-pelosi-among-best-of-the-best-in-stock-trading-new-congress-trading-etf-coming-from-cre">Nancy Pelosi Among &#8216;Best Of The Best&#8217; In Stock Trading: New Congress Trading ETF Coming From Creator Of Anti-Cathie Wood, Jim Cramer Funds</a>
Self Defense ETF Also Launches: Tuttle Capital also launched the Spinnaker ETF Series Tuttle Capital Self Defense Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GUNZ#BATS">GUNZ</a>) Tuesday.
The fund invests in companies that are engaged in self-defense, with a belief that the United States is becoming less safe.
The ETF invests in companies that manufacture, service, supply and distribute personal and law enforcement defense equipment and protection services. The fund tracks the AJN Self Defense U.S. Equity Index.
"Americans feel less safe and feel there is more crime in the country now than last year. Many Americans are taking self defense into their own hands," Tuttle said.
Tuttle added that shares of gun manufacturers have also risen after the assassination attempt on former President Donald Trump.
"Gun sales have rebounded after nearly three years of continuous decline and firearms manufacturers world wide have seen their stock surge after the terrorist attack on Israel and the Trump assassination attempt."
As of Sept. 9, the following were the top <a href="https://www.gunzetf.com/">holdings </a>in the GUNZ ETF:
<ul>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): 8.9% of assets</li>
<li>Johnson Controls (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>): 6.9% of assets</li>
<li>AXON Enterprise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>): 6.9% of assets</li>
<li>Allegion PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>): 6.4% of assets</li>
<li>OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>): 6.4% of assets</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/m-a/24/03/37943780/exclusive-trump-media-company-goes-public-financial-experts-say-djt-a-meme-stock-this-is-going-to-be">EXCLUSIVE: Trump Media Company Goes Public, Financial Experts Say DJT A &#8216;Meme Stock&#8217; — &#8216;This Is Going To Be A Way To Bet On Or Against Trump&#8217;</a></li>
</ul>

Specialty ETFs

Trading Ideas

ETFs

ALLE

AXON

ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF

ESGX

EVRG

GUNZ

JBHT

OSIS

PLNT

Fund Manager Who Bet Against Jim Cramer And Cathie Wood Has New Anti-Woke ETF: 'Puts Profits Ahead Of Politics, DEI & ESG'

MarketAxess shares are trading higher after August total average daily volume increased 18.4% compared to July.

MarketAxess Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mktx#NASDAQ">MKTX</a>) is benefiting from increased trading volumes, a robust Open Trading platform, acquisitions and partnerships, as well as solid cash-generating abilities.&nbsp;&nbsp;
<h3>Zacks Rank &amp; Price Performance</h3>
MarketAxess carries a Zacks Rank #3 (Hold) at present.&nbsp;
The stock has gained 8.1% in the past six months, in line with the industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/0c/74946.jpg?v=939782468" />
Image Source: Zacks Investment Research
<h3>Robust Growth Prospects</h3>
The Zacks Consensus Estimate for MarketAxess&#39; 2024 earnings is pegged at $7.06 per share, which indicates a year-over-year improvement of 3.1% from the 2023 reported figure. The consensus mark for revenues is pegged at $813.2 million, implying a year-over-year increase of 8.1% from the 2023 figure.
The consensus estimate for 2025 earnings is pegged at $7.97 per share, which indicates a year-over-year increase of 12.9% from the 2024 estimated figure. The consensus estimate for revenues is pegged at $909.7 million, implying a year-over-year improvement of 11.9% from the 2024 estimated figure.
<h3>Northbound Estimate Revision</h3>
The Zacks Consensus Estimate for 2024 earnings has been revised 0.7% upward in the past 30 days.
<h3>Decent Earnings Surprise History</h3>
MKTX&#39;s earnings beat estimates in three of the trailing four quarters and missed the mark once, the average surprise being 2.63%.
<h3>Solid Return on Equity</h3>
The return on equity for MKTX is 20.4%, which is higher than the industry average of 13.2%. This substantiates the company&#39;s efficiency in utilizing shareholders&#39; funds.
<h3>Business Tailwinds</h3>
MarketAxess continues to benefit from higher trading volumes, a key driver of commissions, which are the most significant contributor to MKTX&#39;s overall revenues. The company has achieved consistent top-line growth for more than a decade, which is impressive. In the first half of 2024, it reported an average daily volume of $33.4 billion, indicating a 1% year-over-year increase.
As a leading electronic platform operator, MarketAxess has gained significant market share across its diversified product suite, including U.S. High-Grade, U.S. High-Yield, Eurobonds and Emerging Markets. The company pursues acquisitions and partnerships to enhance its product offerings, explore new markets, introduce new products or services and expand its reach in the fixed-income markets.
MarketAxess has a strong presence in the Open Trading marketplace, which provides price improvements for clients, reduces risk in fixed-income markets and lowers transaction costs. Leveraging its Open Trading platform, the company aims to further digitize product areas that have yet to see full trading electronification.
Beyond its U.S. client base, MKTX serves an extensive international clientele of more than 1,000 active firms that access its platform through regulated venues in Europe, Asia and Latin America. The company continues to invest in building relationships with overseas clients, which is expected to sustain revenues from international markets in the future.
To maintain a competitive edge and support growth initiatives, MarketAxess relies on a solid financial foundation. The company has substantial cash reserves and generated operating cash flows of $113.9 million in the first half of 2024, which inched up 0.9% from the prior-year comparable period. These strong cash flows not only support business investments but also allow MKTX to engage in share buybacks and dividend payments.
<h3>Risks</h3>
Despite the upside potential, there are a few factors that investors should keep an eye on.
MarketAxess has experienced rising expenses over the past few years due to ongoing investments in its trading platform, new protocols, infrastructure and additional staff. These investments are likely to keep costs elevated.
Meanwhile, the Federal Reserve&#39;s rate hikes to curb inflation have led to higher bond yields, making lower-yielding bonds less appealing to investors. This increase in bond yields, combined with the shorter duration of U.S. high-grade bonds, may result in a lower fee capture, potentially impacting the company&#39;s revenue growth.
<h3>Stocks to Consider</h3>
Some better-ranked stocks in the Finance space are Citizens Community Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/czwi#NASDAQ">CZWI</a>), Ally Financial Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ally#NYSE">ALLY</a>) and CrossFirst Bankshares, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cfb#NASDAQ">CFB</a>). While Citizens Community Bancorp sports a Zacks Rank #1 (Strong Buy), Ally Financial and CrossFirst Bankshares carry a Zacks Rank #2 (Buy) each at present.
Citizens Community Bancorp&#39;s earnings surpassed estimates in three of the trailing four quarters and matched the mark once, the average surprise being 35.50%. The Zacks Consensus Estimate for CZWI&#39;s 2024 earnings indicates a rise of 1.6% from the year-ago figure. The consensus mark for CZWI&#39;s earnings has moved 6.6% north in the past 30 days.
The bottom line of Ally Financial beat estimates in each of the trailing four quarters, the average surprise being 24.71%. The Zacks Consensus Estimate for ALLY&#39;s 2024 earnings indicates an improvement of 15.1% while the consensus mark for revenues implies growth of 0.6% from the corresponding year-ago figures. The consensus mark for ALLY&#39;s earnings has moved 2.6% north in the past 30 days.
CrossFirst Bankshares&#39; earnings outpaced estimates in each of the last four quarters, the average surprise being 8.79%. The Zacks Consensus Estimate for CFB&#39;s 2024 earnings indicates an improvement of 4.1% while the consensus mark for revenues implies growth of 5.1% from the corresponding year-ago figures.&nbsp; The consensus mark for CFB&#39;s earnings has moved 1.3% north in the past 30 days.
Shares of Citizens Community Bancorp, Ally Financial and CrossFirst Bankshares have gained 10%, 15.6% and 31.4%, respectively, in the past six months.
<a href="https://www.zacks.com/stock/news/2325274/here-s-why-investors-should-hold-marketaxess-mktx-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2325274">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

Dividends

Offerings

Buybacks

Asset Sales

Small Cap

Federal Reserve

Markets

ALLY

CZWI

Here's Why Investors Should Hold MarketAxess Stock

Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for MarketAxess Holdings, revealing an average target of $221.83, a high estimate of $225.00, and a low estimate of $215.00. Marking an increase of 0.23%, the current average surpasses the previous average price target of $221.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1723755674_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of MarketAxess Holdings by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$223.00</td>
<td>$218.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$218.00</td>
<td>$208.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$225.00</td>
<td>$222.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$225.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$215.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$225.00</td>
<td>$230.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MarketAxess Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MarketAxess Holdings compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of MarketAxess Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of MarketAxess Holdings's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MKTX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MarketAxess Holdings analyst ratings.</a>
<h2>Get to Know MarketAxess Holdings Better</h2>
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.
<h3>Understanding the Numbers: MarketAxess Holdings's Finances</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: MarketAxess Holdings's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 9.91%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 32.85%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.91%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): MarketAxess Holdings's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.41%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.06.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 6 Analyst Insights On MarketAxess Holdings

Deutsche Bank analyst Brian Bedell maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Hold and raises the price target from $218 to $223.

Deutsche Bank Maintains Hold on MarketAxess Holdings, Raises Price Target to $223

Deutsche Bank analyst Brian Bedell maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Hold and raises the price target from $208 to $218.

Deutsche Bank Maintains Hold on MarketAxess Holdings, Raises Price Target to $218

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Market Perform and raises the price target from $222 to $225.

Keefe, Bruyette & Woods Maintains Market Perform on MarketAxess Holdings, Raises Price Target to $225

Piper Sandler analyst Patrick Moley reiterates MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) with a Neutral and maintains $225 price target.

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Press Releases

MarketAxess Reports Second Quarter 2024 Financial Results

MarketAxess to Participate in the Barclays Global Financial Services Conference

MarketAxess Announces Monthly Volume Statistics for August 2024

MarketAxess Announces Expanded Partnership with BlackRock to Deliver Enhanced Connectivity and Efficiency to Global Credit Markets

MarketAxess Announces Trading Volume Statistics for September and Third Quarter 2024

MarketAxess to Host Conference Call Announcing Third Quarter 2024 Financial Results on Wednesday, November 6, 2024

Fintech

S&P Global Market Intelligence and MarketAxess Announce Strategic Fixed-Income Data Partnership

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