LM Advisors LLC Purchases New Position in Marex Group plc Ordinary Shares $MRX

LM Advisors LLC acquired a new position in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,913 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Marex Group plc Ordinary Shares by 1,217.4% in the first quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock valued at $8,226,000 after purchasing an additional 170,513 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Marex Group plc Ordinary Shares by 452.1% in the 1st quarter. Wasatch Advisors LP now owns 171,109 shares of the company’s stock valued at $7,628,000 after buying an additional 140,117 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Marex Group plc Ordinary Shares in the 1st quarter valued at $445,000. Keybank National Association OH increased its position in shares of 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 valued at $395,000 after buying an additional 1,001 shares in the last quarter. Finally, Abel Hall LLC bought a new stake in shares of Marex Group plc Ordinary Shares in the 1st quarter valued at $214,000.

Marex Group plc Ordinary Shares Trading Up 4.9%

MRX opened at $72.99 on Friday. The company has a market cap of $5.32 billion, a PE ratio of 13.10 and a beta of -0.10. Marex Group plc Ordinary Shares has a 12 month low of $27.91 and a 12 month high of $75.40. The company has a fifty day moving average of $65.17. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.53.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last released its earnings results on Wednesday, August 12th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.28. Marex Group plc Ordinary Shares had a return on equity of 27.94% and a net margin of 17.43%.The firm had revenue of $695.80 million during the quarter. During the same quarter last year, the company posted $0.98 EPS. Marex Group plc Ordinary Shares’s revenue for the quarter was up 39.1% on a year-over-year basis. On average, equities research analysts predict that Marex Group plc Ordinary Shares will post 5.84 EPS for the current fiscal year.

Marex Group plc Ordinary Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 24th. Marex Group plc Ordinary Shares’s dividend payout ratio is currently 11.49%.

Insider Activity

In related news, insider Thomas Texier sold 1,572 shares of the 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 completion of the transaction, the insider directly owned 207,019 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MRX shares. Compass Point set a $80.00 price objective on Marex Group plc Ordinary Shares in a research note on Thursday, July 9th. The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price target on shares of Marex Group plc Ordinary Shares in a report on Friday, August 14th. Barclays raised their price target on Marex Group plc Ordinary Shares from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Piper Sandler lifted their price objective on Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on Marex Group plc Ordinary Shares from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $82.00.

About Marex Group plc Ordinary Shares

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.