Quantinno Capital Management LP Purchases 36,802 Shares of Marex Group plc Ordinary Shares $MRX

Quantinno Capital Management LP grew its position in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) by 293.4% in the first quarter, Holdings Channel reports. The firm owned 49,346 shares of the company’s stock after purchasing an additional 36,802 shares during the period. Quantinno Capital Management LP’s holdings in Marex Group plc Ordinary Shares were worth $2,200,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Marex Group plc Ordinary Shares by 89.5% in the first quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after buying an additional 571 shares in the last quarter. Keybank National Association OH increased its stake in Marex Group plc Ordinary Shares by 12.7% in the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock worth $395,000 after acquiring an additional 1,001 shares during the last quarter. Sei Investments Co. increased its stake in Marex Group plc Ordinary Shares by 0.8% in the 1st quarter. Sei Investments Co. now owns 354,325 shares of the company’s stock worth $15,796,000 after acquiring an additional 2,742 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Marex Group plc Ordinary Shares by 12.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 42,970 shares of the company’s stock valued at $1,916,000 after acquiring an additional 4,766 shares in the last quarter. Finally, Abel Hall LLC purchased a new stake in shares of Marex Group plc Ordinary Shares in the 1st quarter valued at about $214,000.

Marex Group plc Ordinary Shares Stock Down 0.4%

Shares of NASDAQ:MRX opened at $60.55 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.07 and a current ratio of 1.08. The stock has a market cap of $4.42 billion, a PE ratio of 13.76 and a beta of -0.10. The stock has a fifty day simple moving average of $62.96. Marex Group plc Ordinary Shares has a 52 week low of $27.91 and a 52 week high of $71.18.

Insider Activity

In other news, insider Thomas Texier sold 1,572 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $53.35, for a total transaction of $83,866.20. Following the transaction, the insider directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MRX shares. Barclays boosted their price objective on Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. TD Cowen raised their target price on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Compass Point set a $80.00 target price on shares of Marex Group plc Ordinary Shares in a research report on Thursday, July 9th. Keefe, Bruyette & Woods boosted their price target on shares of 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. Finally, Jefferies Financial Group increased their price target on shares of Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $75.14.

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.