SG Americas Securities LLC Boosts Holdings in Marex Group plc Ordinary Shares $MRX

SG Americas Securities LLC grew its stake in Marex Group plc Ordinary Shares (NASDAQ:MRX) by 1,217.4% during the 1st quarter, Holdings Channel reports. The firm owned 184,519 shares of the company’s stock after purchasing an additional 170,513 shares during the quarter. SG Americas Securities LLC’s holdings in Marex Group plc Ordinary Shares were worth $8,226,000 at the end of the most recent reporting period.

Insider Buying and Selling

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the firm’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 value 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 trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.79% of the company’s stock.

Marex Group plc Ordinary Shares Stock Up 0.2%

Marex Group plc Ordinary Shares stock opened at $64.23 on Friday. Marex Group plc Ordinary Shares has a 52-week low of $27.91 and a 52-week high of $67.35. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 14.60 and a beta of -0.01. The business’s fifty day simple moving average is $56.38. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.08 and a quick ratio of 1.07.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. The firm had revenue of $692.30 million for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. On average, research analysts anticipate that Marex Group plc Ordinary Shares will post 5.35 EPS 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. 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 dividend on an annualized basis and a yield of 1.0%. Marex Group plc Ordinary Shares’s dividend payout ratio is presently 14.55%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Zacks Research upgraded Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. UBS Group boosted their price objective on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. TD Cowen increased their target price on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Keefe, Bruyette & Woods initiated coverage on Marex Group plc Ordinary Shares in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $60.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $63.75.

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.