Marex Group plc Ordinary Shares (NASDAQ:MRX) Insider Thomas Texier Sells 1,572 Shares of Stock

Marex Group plc Ordinary Shares (NASDAQ:MRX) 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 value of $83,866.20. Following the transaction, the insider owned 207,019 shares of the company’s stock, valued at approximately $11,044,463.65. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Marex Group plc Ordinary Shares Trading Up 5.7%

NASDAQ:MRX opened at $53.90 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76. The stock has a market cap of $3.93 billion, a P/E ratio of 12.25 and a beta of -0.01. Marex Group plc Ordinary Shares has a 52-week low of $27.91 and a 52-week high of $58.62.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. The business 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 5.32 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, May 18th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, May 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.2%. Marex Group plc Ordinary Shares’s dividend payout ratio (DPR) is presently 14.55%.

Hedge Funds Weigh In On Marex Group plc Ordinary Shares

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake 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. Walleye Capital LLC boosted its stake in shares of Marex Group plc Ordinary Shares by 1,369.6% during the 1st quarter. Walleye Capital LLC now owns 159,830 shares of the company’s stock worth $7,125,000 after acquiring an additional 148,954 shares during the period. Swedbank AB boosted its stake in shares of Marex Group plc Ordinary Shares by 66.1% during the 1st quarter. Swedbank AB now owns 354,413 shares of the company’s stock worth $15,800,000 after acquiring an additional 141,000 shares during the period. Wasatch Advisors LP boosted its stake 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. Finally, Jennison Associates LLC boosted its stake in shares of Marex Group plc Ordinary Shares by 8.9% during the 1st quarter. Jennison Associates LLC now owns 1,606,691 shares of the company’s stock worth $71,626,000 after acquiring an additional 131,436 shares during the period.

Analyst Upgrades and Downgrades

MRX has been the subject of a number of research reports. TD Cowen increased their price objective on Marex Group plc Ordinary Shares from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research lowered Marex Group plc Ordinary Shares from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Barclays boosted their price target on Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Weiss Ratings raised Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, UBS Group boosted their price target on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

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.