KBW Gives a Hold Rating to Tradeweb Markets (TW)

In a report released yesterday, Kyle Voigt from KBW assigned a Hold rating to Tradeweb Markets (TW – Research Report), with a price target of $111.00. The company’s shares closed yesterday at $109.25.

According to TipRanks, Voigt is a 4-star analyst with an average return of 5.1% and a 66.34% success rate. Voigt covers the Financial sector, focusing on stocks such as Charles Schwab, Nasdaq, and CME Group.

Tradeweb Markets has an analyst consensus of Moderate Buy, with a price target consensus of $115.00.

Based on Tradeweb Markets’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $428.08 million and a net profit of $126.14 million. In comparison, last year the company earned a revenue of $300.44 million and had a net profit of $74.47 million

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Tradeweb Markets (TW) Company Description:

Tradeweb Markets, Inc. engages in the operation of electronic marketplaces for the trading of products across the rates, credit, money markets, and equities asset classes. It also provides related pre-trade pricing and post-trade processing services. Its network is comprised of clients across the institutional, wholesale, and retail client sectors, including global asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms and retail brokerage and financial advisory firms, as well as regional dealers. The company was founded by Lee Olesky in 1996 and is headquartered in New York, NY.