123,514 Shares in Marex Group plc Ordinary Shares $MRX Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors purchased a new stake in Marex Group plc Ordinary Shares (NASDAQ:MRX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 123,514 shares of the company’s stock, valued at approximately $8,616,000. Ibex Wealth Advisors owned 0.17% of Marex Group plc Ordinary Shares at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC grew its holdings in Marex Group plc Ordinary Shares by 59.2% during the third quarter. Signaturefd LLC now owns 484 shares of the company’s stock worth $34,000 after acquiring an additional 180 shares during the period. SBI Securities Co. Ltd. purchased a new position in Marex Group plc Ordinary Shares in the third quarter worth $37,000. Covestor Ltd lifted its holdings in Marex Group plc Ordinary Shares by 4,046.7% in the third quarter. Covestor Ltd now owns 622 shares of the company’s stock valued at $43,000 after acquiring an additional 607 shares during the period. Vestor Capital LLC acquired a new stake in Marex Group plc Ordinary Shares in the first quarter valued at $45,000. Finally, Fifth Third Bancorp boosted its position in shares of Marex Group plc Ordinary Shares by 89.5% during the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after purchasing an additional 571 shares in the last quarter.

Marex Group plc Ordinary Shares Price Performance

Shares of Marex Group plc Ordinary Shares stock traded down $0.96 on Friday, hitting $70.72. The company’s stock had a trading volume of 312,426 shares, compared to its average volume of 750,942. Marex Group plc Ordinary Shares has a 52-week low of $31.19 and a 52-week high of $79.11. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average price of $71.06 and a 200-day moving average price of $64.26. The company has a market capitalization of $5.16 billion, a P/E ratio of 11.59 and a beta of 0.07.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.15. Marex Group plc Ordinary Shares had a net margin of 17.88% and a return on equity of 27.93%. The firm had revenue of $743.20 million for the quarter. During the same period in the previous year, the company posted $0.96 earnings per share. Marex Group plc Ordinary Shares’s revenue was up 53.4% on a year-over-year basis. On average, equities research analysts expect that Marex Group plc Ordinary Shares will post 6.16 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 16th. Marex Group plc Ordinary Shares’s dividend payout ratio (DPR) is 10.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MRX shares. Weiss Ratings cut shares of Marex Group plc Ordinary Shares from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price objective on shares of Marex Group plc Ordinary Shares from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Barclays increased their target price on shares of Marex Group plc Ordinary Shares from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Marex Group plc Ordinary Shares in a report on Friday, August 14th. Finally, Jefferies Financial Group boosted their price target on Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $83.75.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In related news, insider Paolo Tonucci sold 16,666 shares of Marex Group plc Ordinary Shares stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $72.03, for a total transaction of $1,200,451.98. Following the completion of the transaction, the insider directly owned 1,252,905 shares in the company, valued at $90,246,747.15. The trade was a 1.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.79% of the stock is currently owned by company insiders.

Marex Group plc Ordinary Shares Profile

Marex Group plc is a global financial services company that provides market access, liquidity and related services to businesses and institutions. Its clients include producers and consumers of commodities, financial institutions and other market participants. The company’s services include clearing and execution for exchange-traded and over-the-counter markets, agency execution, and market making. Marex also offers hedging solutions and investment products, with activity across markets such as energy, metals, agriculture, foreign exchange and fixed income.