Vanguard Group Inc. Has $671.61 Million Stock Holdings in MarketAxess Holdings Inc. $MKTX

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Vanguard Group Inc. reduced its stake in MarketAxess Holdings Inc. by 11.6% in the third quarter, selling 505,060 shares, yet still owns 10.32% of the company, valued at $671.61 million. MarketAxess missed quarterly earnings and revenue estimates but raised its quarterly dividend to $0.78, reflecting a 1.7% yield. Analysts currently rate the stock as a “Hold” with an average target price of $200.40.

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