Hsbc Holdings PLC Makes New $501,000 Investment in Marex Group plc Ordinary Shares $MRX

Hsbc Holdings PLC bought a new position in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,110 shares of the company’s stock, valued at approximately $501,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in Marex Group plc Ordinary Shares by 1,217.4% in the first quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock worth $8,226,000 after purchasing an additional 170,513 shares in the last quarter. Swedbank AB increased its holdings in Marex Group plc Ordinary Shares by 66.1% during the 1st quarter. Swedbank AB now owns 354,413 shares of the company’s stock worth $15,800,000 after purchasing an additional 141,000 shares during the period. Wasatch Advisors LP raised 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 valued at $7,628,000 after purchasing an additional 140,117 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Marex Group plc Ordinary Shares during the 1st quarter valued at $445,000. Finally, Abel Hall LLC purchased a new stake in shares of Marex Group plc Ordinary Shares in the 1st quarter worth $214,000.

Insider Activity at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 207,019 shares of the company’s stock, valued at approximately $11,044,463.65. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.79% of the company’s stock.

Marex Group plc Ordinary Shares Stock Down 1.5%

Shares of NASDAQ:MRX opened at $64.92 on Friday. The company has a market capitalization of $4.74 billion, a P/E ratio of 14.75 and a beta of -0.10. Marex Group plc Ordinary Shares has a 52 week low of $27.91 and a 52 week high of $71.18. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76. The business has a 50 day simple moving average of $61.83.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. The business had revenue of $692.30 million for the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%. On average, sell-side analysts expect that Marex Group plc Ordinary Shares will post 5.56 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MRX. Compass Point set a $80.00 price target on Marex Group plc Ordinary Shares in a research report on Thursday, July 9th. Barclays lifted their price objective 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. Jefferies Financial Group upped their price objective on shares of Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Keefe, Bruyette & Woods increased their target price on shares of Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Finally, Piper Sandler raised their target price on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Marex Group plc Ordinary Shares currently has a consensus rating of “Buy” and a consensus price target 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.