Marex Group plc Ordinary Shares (NASDAQ:MRX) Given Average Recommendation of “Moderate Buy” by Analysts

Marex Group plc Ordinary Shares (NASDAQ:MRX) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $63.75.

A number of research firms have recently commented on MRX. Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. UBS Group boosted their price target on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Keefe, Bruyette & Woods began coverage on Marex Group plc Ordinary Shares in a research report on Wednesday, April 8th. They set an “outperform” rating and a $60.00 price target for the company. Barclays boosted their price target on Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Zacks Research downgraded Marex Group plc Ordinary Shares from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th.

Marex Group plc Ordinary Shares Price Performance

NASDAQ MRX opened at $63.35 on Friday. Marex Group plc Ordinary Shares has a 12 month low of $27.91 and a 12 month high of $63.71. The company’s 50-day moving average is $53.85. 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 firm has a market cap of $4.62 billion, a P/E ratio of 14.40 and a beta of -0.01.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 EPS for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. The company had revenue of $692.30 million during the quarter. As a group, equities research analysts anticipate that Marex Group plc Ordinary Shares will post 5.35 EPS for the current year.

Marex Group plc Ordinary Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, May 18th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, May 18th. Marex Group plc Ordinary Shares’s payout ratio is currently 14.55%.

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 business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 207,019 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 3.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marex Group plc Ordinary Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp lifted 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 valued at $54,000 after acquiring an additional 571 shares in the last quarter. Vestor Capital LLC acquired a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at $45,000. Keybank National Association OH lifted its holdings in shares of 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 acquiring an additional 1,001 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Marex Group plc Ordinary Shares by 0.8% during the 1st quarter. Sei Investments Co. now owns 354,325 shares of the company’s stock valued at $15,796,000 after acquiring an additional 2,742 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Marex Group plc Ordinary Shares by 12.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 42,970 shares of the company’s stock valued at $1,916,000 after acquiring an additional 4,766 shares in the last quarter.

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.