Thrivent Financial for Lutherans Sells MarketAxess Holdings Shares at Defense World
June 22, 2023
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MARKETAXESS ($NASDAQ:MKTX): Thrivent Financial for Lutherans has recently sold MarketAxess Holdings Inc. shares to Defense World. MarketAxess Holdings Inc. is a leading operator of an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. The company’s platform provides traders with access to real-time price discovery and execution services across multiple trading protocols. It also offers a suite of data products and analytics tools designed to inform fixed-income trading decisions.
Additionally, the company provides a variety of post-trade services, such as trade confirmations, settlement instructions, and regulatory services. This sale of shares to Defense World marks a new milestone for the company in its pursuit of becoming a leader in the global fixed-income market.
Share Price
On Tuesday, the stock opened at $279.3 and closed at $278.9, representing a slight decrease from the previous closing price of $279.3. While MARKETAXESS is well-positioned to benefit from an increasingly digital landscape, the short-term market sentiment could limit its potential upside in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marketaxess Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 735.41 | 259.08 | 35.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marketaxess Holdings. More…
| Operations | Investing | Financing |
| 320.49 | -86.27 | -242.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marketaxess Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.63k | 506.93 | 28.72 |
Key Ratios Snapshot
Some of the financial key ratios for Marketaxess Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.8% | 6.2% | 47.1% |
| FCF Margin | ROE | ROA |
| 36.5% | 19.7% | 13.3% |
Analysis
GoodWhale has conducted an analysis of MARKETAXESS HOLDINGS and determined that it falls into the ‘rhino’ category of companies. This classification indicates that the company has achieved moderate revenue or earnings growth. It is with this in mind that investors may be interested in MARKETAXESS HOLDINGS, as it is strong in all areas, including asset, dividend, growth, and profitability. What really sets MARKETAXESS HOLDINGS apart, however, is its high health score of 10/10 with regard to its cashflows and debt. This means that the company is capable to safely ride out any crisis without the risk of bankruptcy. More…
Peers
MarketAxess Holdings Inc is a leading financial markets technology company. It provides an electronic trading platform for fixed income securities, including corporate bonds, government and agency bonds, asset-backed securities, and credit default swaps. The company’s competitors include Tradeweb Markets Inc, Aryaman Capital Markets Ltd, and Matsui Securities Co Ltd.
– Tradeweb Markets Inc ($NASDAQ:TW)
Tradeweb Markets Inc is a financial markets platform company. It has a market cap of 10.91B and a ROE of 6.51%. The company offers electronic trading for a variety of fixed income products, including government bonds, corporate bonds, mortgage-backed securities, and credit default swaps. It also provides post-trade processing and analytics. The company was founded in 1996 and is headquartered in New York, New York.
– Aryaman Capital Markets Ltd ($BSE:538716)
With a market cap of 707.85M as of 2022, Aryaman Capital Markets Ltd is a company that is doing quite well. The company has a Return on Equity of 10.69%. The company deals in providing financial services and is based in India. The company is doing quite well in terms of its market cap and ROE.
– Matsui Securities Co Ltd ($TSE:8628)
Matsui Securities Co., Ltd. is a Japanese securities firm headquartered in Tokyo. It is a member of the Nikkei 225 stock index. The company was founded in 1931 and its current president is Takuya Matsui. The company offers a range of services including retail and institutional brokerage, investment banking, and research. It has offices in Tokyo, Osaka, Nagoya, and Fukuoka.
Summary
MarketAxess Holdings Inc. is a leading global operator of electronic trading platforms for fixed income securities. Its platforms help facilitate the trading of bonds, credit default swaps (CDS), and other over-the-counter (OTC) products. An analysis of the company’s performance reveals a strong operating history. Over the last five years, total revenues have grown significantly, while net income and cash flow margins have remained consistently high.
MarketAxess Holdings has also increased its focus on the CDS market, which has become a major source of growth for the company. In conclusion, investors can expect MarketAxess Holdings to remain a leader in the OTC markets, with strong fundamentals and potential for long-term growth.
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