Militia Capital Management LLC Acquires New Stake in Marex Group plc Ordinary Shares $MRX

Militia Capital Management LLC bought a new position in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 85,531 shares of the company’s stock, valued at approximately $3,813,000. Marex Group plc Ordinary Shares accounts for approximately 0.8% of Militia Capital Management LLC’s holdings, making the stock its 23rd biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB boosted its stake in Marex Group plc Ordinary Shares by 66.1% during the 1st quarter. Swedbank AB now owns 354,413 shares of the company’s stock valued at $15,800,000 after purchasing an additional 141,000 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Marex Group plc Ordinary Shares by 8.9% in the 1st quarter. Jennison Associates LLC now owns 1,606,691 shares of the company’s stock worth $71,626,000 after buying an additional 131,436 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of Marex Group plc Ordinary Shares by 32.3% in the 1st quarter. Calamos Advisors LLC now owns 110,114 shares of the company’s stock worth $4,909,000 after buying an additional 26,908 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Marex Group plc Ordinary Shares in the first quarter valued at $4,299,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Marex Group plc Ordinary Shares by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 908,596 shares of the company’s stock valued at $39,115,000 after buying an additional 93,863 shares during the period.

Marex Group plc Ordinary Shares Stock Performance

NASDAQ MRX opened at $65.85 on Thursday. Marex Group plc Ordinary Shares has a 1 year low of $27.91 and a 1 year high of $71.18. The firm has a fifty day moving average of $60.51. The company has a market capitalization of $4.80 billion, a PE ratio of 14.97 and a beta of -0.10. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.08 and a quick ratio of 1.07.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. The business had revenue of $692.30 million during the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%. On average, research analysts forecast that Marex Group plc Ordinary Shares will post 5.56 earnings per share for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, May 18th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Marex Group plc Ordinary Shares’s dividend payout ratio is currently 14.55%.

Analyst Ratings Changes

MRX has been the subject of several research reports. Keefe, Bruyette & Woods raised their target price on Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. TD Cowen upped their price target on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a report on Monday, June 8th. UBS Group raised their price objective on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Compass Point set a $80.00 price objective on shares of Marex Group plc Ordinary Shares in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $75.14.

Insider Activity at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $53.35, for a total transaction of $83,866.20. Following the completion of the sale, the insider directly owned 207,019 shares of the company’s stock, valued at $11,044,463.65. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.79% of the stock is currently owned by corporate insiders.

Marex Group plc Ordinary Shares Profile

Marex Group PLC is a financial services platform, providing liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. The Group’s operating segments are: Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and Corporate. Maximum revenue is generated from the Agency and Execution segment, which offers liquidity and execution services to clients mainly in the energy and financial securities markets by connecting buyers and sellers in the energy markets, offering liquidity and risk management solutions for financial markets, and providing clearing, custody, capital introduction, portfolio financing, and outsourced trading services.