Thu Sep 26 12:55:50 UTC 2024: ## Vanguard Increases Stake in MarketAxess, Other Institutional Investors Active

**New York, NY** – Vanguard Personalized Indexing Management LLC boosted its holdings in MarketAxess Holdings Inc. (NASDAQ: MKTX) by 13.3% during the second quarter, according to the company’s latest 13F filing with the SEC. This move reflects a growing interest in the financial services provider, which operates an electronic trading platform for institutional investors.

Vanguard now owns 3,256 shares of MarketAxess, worth $653,000 at the end of the quarter. The firm isn’t alone in its confidence in the company. Other hedge funds have also made significant moves in the past quarter, including:

* **PNC Financial Services Group Inc.** raised its stake in MarketAxess by 80.9%.
* **UBS Group AG** increased its stake by 4.7%.
* **Corient Private Wealth LLC** lifted its holdings by 124.3%.
* **Cambridge Investment Research Advisors Inc.** bought a new position in MarketAxess.
* **US Bancorp DE** increased its stake by 4.0%.

In total, institutional investors now own 99.01% of MarketAxess’ stock, highlighting the strong faith in the company’s future.

MarketAxess recently released its quarterly earnings, surpassing analyst expectations with $1.72 EPS for the quarter. The company also announced a $250 million share buyback program and increased its quarterly dividend to $0.74 per share.

Analysts are generally positive about MarketAxess’ prospects, with several reiterating their “hold” or “buy” ratings following the recent earnings release. MarketAxess has a consensus rating of “Hold” and a consensus price target of $238.60, according to MarketBeat.com.

This news suggests that institutional investors are bullish on MarketAxess’ ability to capitalize on the growing demand for electronic trading platforms within the financial services industry.

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