MKTX Establishes Growth Goals for 2026-2028 and Increases Share Buyback Program
Medium-Term Financial Objectives: MarketAxess Holdings Inc. has set medium-term financial targets aiming for 8-9% annual revenue growth and a 75-125 basis point improvement in operating margin from 2026 to 2028, based on stable market conditions and technology investments.
Share Repurchase Program: The company announced a share repurchase program totaling $505 million, which includes $400 million in new authorizations and $105 million from a previous program, with plans to finance it through cash reserves and borrowings.
Financial Position and Performance: MarketAxess reported strong financial health with $473.3 million in cash as of September 30, 2025, and a 6.9% increase in net cash from operations year-over-year, alongside a recent 2.7% dividend hike.
Stock Performance and Comparisons: MarketAxess shares have increased by 1% over the past month, underperforming the industry average of 2.1%, while other finance stocks like CB Financial and Acadian Asset Management have shown stronger gains.
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Ellington Financial Announces Redemption of Preferred Shares
- Redemption Plan: Ellington Financial's Board has authorized the redemption of 4.6 million shares of Series A Preferred Stock at a price of $25.00 per share plus accrued dividends, effective February 27, 2026, aimed at optimizing capital structure and reducing future dividend obligations.
- Trading Suspension: The Series A Preferred Stock will be suspended from trading on the NYSE before the redemption date, allowing the company to focus resources on other investment opportunities while mitigating market volatility impacts on shareholders.
- Transparent Process: The redemption will be executed through the Depository Trust Company (DTC), with Equiniti Trust Company acting as the redemption agent, ensuring a smooth redemption process that enhances investor confidence and maintains the company's reputation.
- Forward-Looking Statements: The company cautions that future performance may be influenced by various factors; while the redemption plan aims to enhance financial flexibility, attention must be paid to potential impacts from market volatility and interest rate changes on operations.
ELLINGTON FINANCIAL STOCK DROPS 3.9% FOLLOWING $119 MILLION SHARE SALE
Stock Performance: Ellington Financial shares have decreased by 3.9%.
Recent Sale: This decline follows a significant stock sale amounting to $119 million.
