Investment firm Fmr LLC has a stake worth $501.91 million in MarketAxess Holdings Inc., while Citigroup Inc., Connor Clark & Lunn Investment Management Ltd., Charles Schwab Investment Management Inc., and others have decreased their stake in the company. S&P Global Market Intelligence and MarketAxess have formed a strategic fixed-income data partnership. MarketAxess also announced the expansion of its partnership with BlackRock to deliver enhanced connectivity and efficiency to global credit markets.
The company has reported good Q3 2024 growth and surpassed earnings and revenue estimates. Despite this, it is experiencing market share loss worries. The company's founder Rick McVey plans to retire and will be succeeded by JPMorgan Veteran Hernandez. The market has been largely positive with certain days of outperformance while other days underperformed others in the market.
Traders expect a US$0.74 dividend and the company's forward dividend yield stands at 1.12%. MarketAxess earnings are expected to grow and predictions show positive reviews from Wall Street analysts.
Marketaxess Holdings MKTX News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Sat, 30 Nov 2024 10:18:48 GMT - Rating 6 - Innovation 5 - Information 9 - Rumor -3
