Marex Group plc Ordinary Shares (NASDAQ:MRX) Given Consensus Recommendation of “Buy” by Brokerages

Marex Group plc Ordinary Shares (NASDAQ:MRX) has earned an average rating of “Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $75.1429.

Several research firms recently commented on MRX. TD Cowen raised their target price on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Keefe, Bruyette & Woods increased their price objective on Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Weiss Ratings raised Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. UBS Group boosted their target price on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Compass Point set a $80.00 target price on shares of Marex Group plc Ordinary Shares in a report on Thursday, July 9th.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $53.35, for a total transaction of $83,866.20. Following the completion of the sale, the insider owned 207,019 shares of the company’s stock, valued at approximately $11,044,463.65. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Swedbank AB grew its position 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 worth $15,800,000 after acquiring an additional 141,000 shares during the last quarter. Militia Capital Management LLC bought a new position in Marex Group plc Ordinary Shares in the 1st quarter valued at $3,813,000. Jennison Associates LLC boosted its stake in Marex Group plc Ordinary Shares by 8.9% in the first quarter. Jennison Associates LLC now owns 1,606,691 shares of the company’s stock worth $71,626,000 after purchasing an additional 131,436 shares in the last quarter. Walleye Capital LLC grew its holdings in Marex Group plc Ordinary Shares by 1,369.6% during the 1st quarter. Walleye Capital LLC now owns 159,830 shares of the company’s stock worth $7,125,000 after acquiring an additional 148,954 shares during the last quarter. Finally, Calamos Advisors LLC raised its stake in shares of Marex Group plc Ordinary Shares by 32.3% in the first quarter. Calamos Advisors LLC now owns 110,114 shares of the company’s stock worth $4,909,000 after acquiring an additional 26,908 shares during the last quarter.

Marex Group plc Ordinary Shares Stock Up 2.1%

NASDAQ:MRX opened at $65.56 on Friday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 14.90 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 has a 12-month low of $27.91 and a 12-month high of $71.18. The business has a 50-day simple moving average of $60.84.

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. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%.The company had revenue of $692.30 million for the quarter. On average, research analysts expect that Marex Group plc Ordinary Shares will post 5.56 EPS for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, May 18th were given a $0.16 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. Marex Group plc Ordinary Shares’s payout ratio is 14.55%.

Marex Group plc Ordinary Shares Company 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.