8,497 Shares in Marex Group plc Ordinary Shares $MRX Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,497 shares of the company’s stock, valued at approximately $379,000.

Several other institutional investors have also added to or reduced their stakes in MRX. Fifth Third Bancorp grew its holdings 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 acquiring an additional 571 shares during the period. Abel Hall LLC purchased a new position in shares of Marex Group plc Ordinary Shares in the 1st quarter valued at approximately $214,000. Pale Fire Capital SE bought a new stake in shares of Marex Group plc Ordinary Shares during the first quarter valued at approximately $239,000. Keybank National Association OH boosted its position in shares of Marex Group plc Ordinary Shares by 12.7% during the first quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock valued at $395,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Marex Group plc Ordinary Shares in the first quarter worth $445,000.

Insiders Place Their Bets

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $11,044,463.65. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.79% of the company’s stock.

Marex Group plc Ordinary Shares Trading Up 4.4%

NASDAQ MRX opened at $65.92 on Friday. Marex Group plc Ordinary Shares has a 12 month low of $27.91 and a 12 month high of $71.18. 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 business has a fifty day moving average of $61.59. The stock has a market capitalization of $4.81 billion, a PE ratio of 14.98 and a beta of -0.10.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. The firm had revenue of $692.30 million during the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%. As a group, analysts forecast that Marex Group plc Ordinary Shares will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MRX has been the subject of several recent research reports. Zacks Research raised Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. UBS Group increased their price target on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods upped their price objective on shares of Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Piper Sandler upped their price objective on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.