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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- Tax Information Release: Ellington Financial has announced that it has posted information regarding the federal income tax treatment of distributions deemed paid in 2025 on its common and preferred stock, ensuring investors can access timely tax information for financial planning.
- Diverse Investment Portfolio: The company invests in a wide array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, demonstrating its extensive market presence and risk management capabilities.
- External Management Model: Ellington Financial is externally managed by Ellington Financial Management LLC, a structure that helps the company leverage expertise and resources to optimize investment strategies and operational efficiency.
- Strategic Investment Focus: The company not only focuses on mortgage-related investments but also engages in consumer loans and asset-backed securities, indicating its ongoing efforts in diversified investment strategies to adapt to market changes.
- Tax Information Release: Ellington Financial Inc. has announced that it has posted information regarding the federal income tax treatment of distributions deemed paid in 2025 on its website, ensuring investors can access timely tax information for financial planning purposes.
- Diverse Investment Portfolio: The company invests in a wide array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, demonstrating its broad market presence and risk management capabilities aimed at achieving stable returns through diversification.
- External Management Model: Ellington Financial is externally managed by Ellington Financial Management LLC, a structure that leverages specialized knowledge and resources to enhance the efficiency and effectiveness of investment decisions, thereby strengthening its competitive position in the market.
- Investor Relations Channels: The company provides various contact methods for investors to obtain more information, including phone and email, reflecting its commitment to investor communication and aiming to enhance investor trust and satisfaction.
- Tax Information Release: Ellington Financial has announced that it has posted information regarding the federal income tax treatment of distributions deemed paid in 2025 on its common and preferred stock, providing transparency to help investors understand their tax obligations.
- Diverse Investment Portfolio: The company invests in a wide array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, demonstrating its extensive market presence and risk management capabilities.
- External Management Structure: Ellington Financial is externally managed by Ellington Financial Management LLC, which may provide the company with professional investment strategies and market insights.
- Investor Relations Channels: The company offers multiple contact methods for investors to obtain further information, enhancing communication and trust with investors, thereby promoting transparency and information flow.
- Monthly Dividend Advantage: Monthly paying stocks yield between 5% and 11%, with an average yield of 7.9%, meaning a $500,000 investment portfolio can generate $39,500 annually in dividend income while preserving principal, enhancing cash flow management.
- REIT Performance: Realty Income (O), a $55 billion REIT with 15,500 commercial properties, boasts 667 consecutive dividends, yet its lackluster performance in 2023 raises concerns about its growth potential amid economic slowdowns, necessitating close monitoring.
- Leverage Risks: SL Green Realty (SLG), Manhattan's largest landlord with nearly 31 million square feet of prime real estate, faces a 19% drop in 2026 FFO estimates and high leverage, increasing dividend volatility, prompting investors to exercise caution.
- High Yield Potential: Ellington Financial (EFC) leads with an 11.7% yield, primarily investing in mortgages through short-term borrowing; its recent secondary offering boosted dividend yield, making it attractive despite market fluctuations.
- 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.
Redemption Announcement: Ellington Financial has announced the redemption of its Series A preferred stock.
Stock Details: The preferred stock will be redeemed at a price of $25.00 per share, plus any accrued and unpaid dividends.










