Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires New Shares in Marex Group plc Ordinary Shares $MRX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Marex Group plc Ordinary Shares (NASDAQ:MRX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 96,439 shares of the company’s stock, valued at approximately $4,299,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Fifth Third Bancorp boosted 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 during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Marex Group plc Ordinary Shares during the first quarter valued at approximately $501,000. Swedbank AB raised its holdings in shares of Marex Group plc Ordinary Shares by 66.1% during the first quarter. Swedbank AB now owns 354,413 shares of the company’s stock valued at $15,800,000 after purchasing an additional 141,000 shares during the last quarter. Abel Hall LLC bought a new position in Marex Group plc Ordinary Shares during the first quarter valued at approximately $214,000. Finally, Keybank National Association OH lifted its position in Marex Group plc Ordinary Shares by 12.7% during the first 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 has a quick ratio of 1.07, a current ratio of 1.08 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 company has a market capitalization of $4.75 billion, a P/E ratio of 14.79 and a beta of -0.10. The stock has a 50 day simple moving average of $59.74.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. The firm had revenue of $692.30 million during the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. Equities 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 business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, May 18th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend 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 company’s 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. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MRX. Piper Sandler lifted their target price on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price target 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. TD Cowen lifted their price objective on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Compass Point set a $80.00 price objective on Marex Group plc Ordinary Shares in a research report on Thursday, July 9th. Finally, UBS Group increased their target price on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $74.33.

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.