Tradeweb Markets Inc. (TW) Testing Investors’ Patience Right Now

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T. Rowe Price Associates, Inc. (I. recently announced the acquisition of new stake in Tradeweb Markets Inc. (NASDAQ:TW). The institutional investor has increased its shareholding in the Financial company by 45.93% to 12.87 million shares with purchase of 4.05 million shares. This fresh investment now brings its stake to 15.33% valued currently at $747.99 million. In addition, The Vanguard Group, Inc. raised its holdings by 71570.0 to 5.79 million shares. And Capital Research & Management Co. has lifted its position by 32.98% or 0.88 million shares – to 3.56 million shares.

With over 0.68 million Tradeweb Markets Inc. (TW) shares trading Tuesday and a closing price of $54.10 on the day, the dollar volume was approximately $36.86 million. The shares have shown a negative weekly performance of -4.38% and its price on 07/28/20 lost nearly -1.51%. Currently, there are 166.24M common shares owned by the public and among those 63.04M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for TW have a consensus price objective of $60.12. The analysts have set the share’s price value over the next 12 months at a high of $67.00 and a low of $56.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Tradeweb Markets Inc. stock is 2.50 for the next 12 months. The average price target is 10.03% above its last price level and an upside to the estimated low will see the stock gain 3.39% over that period. But an upside of 19.25% will see the stock hit the forecast high price target while mean target price for the stock is $60.00.

Insiders at the company have transacted a total of 296 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 115 of these insider trades were purchases, accounting for 6,041,428 shares. Insider sales of the common stock occurred on 181 occasions, with total insider shares sold totaling 5,633,851 shares.

The top 3 mutual fund holders in Tradeweb Markets Inc. are T Rowe Price Mid Cap Growth Fund, BlackRock Mid Cap Growth Equity P, and Vanguard Total Stock Market Index. T Rowe Price Mid Cap Growth Fund owns 3.9 million shares of the company’s stock, all valued at over $226.75 million. The company bought an additional 0.4 million shares recently to bring their total holdings to about 4.65% of the shares outstanding. Vanguard Total Stock Market Index bought 41934.0 shares to bring its total holdings to over 2.04 million shares at a value of $118.5 million. Vanguard Total Stock Market Index now owns shares totaling to 2.43% of the shares outstanding.

Shares of Tradeweb Markets Inc. (NASDAQ: TW) opened at $54.59, down -$0.34 from a prior closing price of $54.93. However, the script later closed the day at $54.10, down -1.51%. The company’s stock has a 5-day price change of -4.38% and 1.29% over the past three months. TW shares are trading 16.72% year to date (YTD), with the 12-month market performance up to 13.56% higher. It has a 12-month low price of $33.23 and touched a high of $69.06 over the same period. Currently, 0.68 million shares have been traded, compared to an average intraday trading volume of 1.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.32%, -10.12%, and 8.70% respectively.

Institutional ownership of Tradeweb Markets Inc. (NASDAQ: TW) shares accounts for 88.90% of the company’s 166.24M shares outstanding. Mutual fund holders own 24.56%, while other institutional holders and individual stakeholders account for 66.91% and 1.97% respectively.

It has a market capitalization of $12.40B. The stock’s trailing 12-month PE ratio is 50.61, while the earnings-per-share (ttm) stands at $1.07. The company has a PEG of 2.98 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.42% over the week and 3.24% over the month.

Analysts forecast that Tradeweb Markets Inc. (TW) will achieve an EPS of $0.29 for the current quarter, $0.3 for the next quarter and $1.37 for 2021. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.31. Comparatively, EPS for the current quarter was $0.25 a year ago. Earnings per share for the fiscal year are expected to increase by 54.00%, and 8.92% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Tradeweb Markets Inc. (TW) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 8 of the 14 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the TW, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on June 22, 2020, with the firm’s price target at $67-$66. Credit Suisse coverage for the Tradeweb Markets Inc. (TW) stock in a research note released on December 16, 2019 offered a Outperform rating with a price target of $54. Goldman was of a view on November 20, 2019 that the stock is Buy, while UBS gave the stock Buy rating on October 21, 2019, issuing a price target of $47- $49. Barclays on their part issued Overweight rating on October 01, 2019.

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