Marex Group plc Ordinary Shares (NASDAQ:MRX) Insider Sells $83,866.20 in Stock

Marex Group plc Ordinary Shares (NASDAQ:MRX) insider Thomas Texier sold 1,572 shares of the stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Marex Group plc Ordinary Shares Price Performance

Shares of Marex Group plc Ordinary Shares stock opened at $55.11 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.76. Marex Group plc Ordinary Shares has a fifty-two week low of $27.91 and a fifty-two week high of $58.62. The firm has a fifty day moving average of $53.16. The company has a market cap of $4.02 billion, a P/E ratio of 12.53 and a beta of -0.01.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. The firm had revenue of $692.30 million during the quarter. Analysts expect that Marex Group plc Ordinary Shares will post 5.32 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, May 18th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.64 dividend on an annualized basis and a yield of 1.2%. Marex Group plc Ordinary Shares’s dividend payout ratio is 14.55%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MRX. Zacks Research downgraded shares of Marex Group plc Ordinary Shares from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Barclays increased their price target on shares of Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 11th. UBS Group raised their price objective on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Keefe, Bruyette & Woods began coverage on shares of Marex Group plc Ordinary Shares in a report on Wednesday, April 8th. They set an “outperform” rating and a $60.00 price objective for the company. Finally, Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.75.

Hedge Funds Weigh In On Marex Group plc Ordinary Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in MRX. SG Americas Securities LLC lifted its holdings in shares of Marex Group plc Ordinary Shares by 1,217.4% during the 1st quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock worth $8,226,000 after acquiring an additional 170,513 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Marex Group plc Ordinary Shares by 452.1% during the 1st quarter. Wasatch Advisors LP now owns 171,109 shares of the company’s stock worth $7,628,000 after acquiring an additional 140,117 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth about $445,000. Keybank National Association OH lifted its holdings in shares of Marex Group plc Ordinary Shares by 12.7% during 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 period. Finally, Abel Hall LLC bought a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth about $214,000.

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.