Marex Group plc Ordinary Shares (NASDAQ:MRX) to Issue $0.16 Quarterly Dividend

Marex Group plc Ordinary Shares (NASDAQ:MRX) declared a quarterly dividend on Friday, August 7th, NASDAQ Dividends reports. Shareholders of record on Monday, August 24th will be paid a dividend of 0.16 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, August 24th.

Marex Group plc Ordinary Shares Price Performance

NASDAQ:MRX opened at $72.99 on Friday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 13.10 and a beta of -0.10. The firm’s 50 day moving average is $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 has a 12-month low of $27.91 and a 12-month high of $75.40.

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

Insider Buying and Selling at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 207,019 shares of the company’s stock, valued at $11,044,463.65. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Marex Group plc Ordinary Shares

Several hedge funds have recently modified their holdings of MRX. Archer Investment Corp acquired a new position in shares of Marex Group plc Ordinary Shares in the 2nd quarter valued at $43,000. Vestor Capital LLC acquired a new stake in shares of Marex Group plc Ordinary Shares in the first quarter worth $45,000. Fifth Third Bancorp boosted 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 during the period. Great Lakes Advisors LLC purchased a new position in shares of Marex Group plc Ordinary Shares during the second quarter valued at $191,000. Finally, Abel Hall LLC purchased a new position in shares of Marex Group plc Ordinary Shares during the first quarter valued at $214,000.

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.