Healthcare of Ontario Pension Plan Trust Fund Has $32.50 Million Stock Position in Marex Group plc Ordinary Shares $MRX

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Marex Group plc Ordinary Shares (NASDAQ:MRX) by 34.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 729,000 shares of the company’s stock after selling 385,349 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Marex Group plc Ordinary Shares were worth $32,499,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its holdings in shares of Marex Group plc Ordinary Shares by 89.5% during the first quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock worth $54,000 after buying an additional 571 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of Marex Group plc Ordinary Shares in the first quarter worth $214,000. Pale Fire Capital SE acquired a new stake in shares of Marex Group plc Ordinary Shares in the first quarter worth $239,000. Keybank National Association OH increased 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 worth $395,000 after acquiring an additional 1,001 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in Marex Group plc Ordinary Shares during the 1st quarter valued at $445,000.

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 dated 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 transaction, the insider owned 207,019 shares in the company, valued at $11,044,463.65. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Marex Group plc Ordinary Shares Stock Performance

Shares of MRX stock opened at $65.56 on Monday. Marex Group plc Ordinary Shares has a 52-week low of $27.91 and a 52-week high of $71.18. The firm has a market cap of $4.78 billion, a PE ratio of 14.90 and a beta of -0.10. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.76. The firm has a fifty day simple moving average of $60.84.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last released 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. On average, sell-side analysts predict that Marex Group plc Ordinary Shares will post 5.56 earnings per share for the current year.

Marex Group plc Ordinary Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, May 18th were given a $0.16 dividend. 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 dividend payout ratio is 14.55%.

Analyst Ratings Changes

MRX has been the topic of several research reports. Zacks Research upgraded shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. UBS Group increased their target price on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Weiss Ratings raised Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Compass Point set a $80.00 price target on Marex Group plc Ordinary Shares in a research note on Thursday, July 9th. Finally, Barclays upped 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $75.14.

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.