Y Intercept Hong Kong Ltd Has $265,000 Stock Position in Marex Group plc Ordinary Shares $MRX

Y Intercept Hong Kong Ltd reduced its position in Marex Group plc Ordinary Shares (NASDAQ:MRX) by 86.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,950 shares of the company’s stock after selling 38,399 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Marex Group plc Ordinary Shares were worth $265,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of Marex Group plc Ordinary Shares by 1,217.4% in the 1st quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock valued at $8,226,000 after acquiring an additional 170,513 shares in the last quarter. Wasatch Advisors LP grew its position in 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 purchasing an additional 140,117 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Marex Group plc Ordinary Shares during the 1st quarter worth approximately $445,000. Finally, Keybank National Association OH raised its stake in Marex Group plc Ordinary Shares by 12.7% during the 1st 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 during the period.

Marex Group plc Ordinary Shares Trading Down 0.9%

MRX opened at $65.07 on Thursday. The company’s fifty day moving average price is $59.74. 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 has a 1 year low of $27.91 and a 1 year high of $71.18. The firm has a market capitalization of $4.75 billion, a PE ratio of 14.79 and a beta of -0.10.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last issued its earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%.The company had revenue of $692.30 million for the quarter. As a group, sell-side analysts forecast that Marex Group plc Ordinary Shares will post 5.35 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors 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 dividend on an annualized basis and a yield of 1.0%. Marex Group plc Ordinary Shares’s dividend payout ratio is currently 14.55%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MRX shares. Compass Point set a $80.00 target price on Marex Group plc Ordinary Shares in a report on Thursday, July 9th. Barclays lifted their price target on Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. TD Cowen upped their price target on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Keefe, Bruyette & Woods increased their price objective on Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Finally, Zacks Research upgraded Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $74.33.

Insider Transactions at Marex Group plc Ordinary Shares

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $53.35, for a total transaction of $83,866.20. Following the transaction, the insider directly owned 207,019 shares of the company’s stock, valued at $11,044,463.65. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.79% of the company’s stock.

Marex Group plc Ordinary Shares Company 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.