Marex Group plc Ordinary Shares $MRX Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) by 11.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,089 shares of the company’s stock after selling 8,408 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.09% of Marex Group plc Ordinary Shares worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Marex Group plc Ordinary Shares in the first quarter valued at about $4,299,000. Fifth Third Bancorp grew 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 valued at $54,000 after purchasing an additional 571 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth approximately $501,000. Swedbank AB increased 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 purchasing an additional 141,000 shares in the last quarter. Finally, Abel Hall LLC acquired a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth approximately $214,000.

Marex Group plc Ordinary Shares Stock Up 1.2%

Shares of Marex Group plc Ordinary Shares stock opened at $65.68 on Wednesday. Marex Group plc Ordinary Shares has a fifty-two week low of $27.91 and a fifty-two week high of $71.18. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 14.93 and a beta of -0.10. The business’s fifty day simple moving average is $59.44. 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 (NASDAQ:MRX) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 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%. Equities research analysts anticipate that Marex Group plc Ordinary Shares will post 5.35 EPS for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The firm 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 was Monday, May 18th. This represents a $0.64 annualized dividend and a yield of 1.0%. Marex Group plc Ordinary Shares’s payout ratio is 14.55%.

Insider Buying and Selling

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of Marex Group plc Ordinary Shares 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 completion of the sale, the insider owned 207,019 shares in the company, valued at $11,044,463.65. The trade was a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. TD Cowen upped their target price on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, June 8th. UBS Group raised 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. Barclays boosted their price target on Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods upped their price objective on Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Finally, Compass Point set a $80.00 price objective on Marex Group plc Ordinary Shares in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Marex Group plc Ordinary Shares currently has an average rating of “Buy” and a consensus target price of $74.20.

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.