Marex Group plc Ordinary Shares $MRX Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP increased its position in Marex Group plc Ordinary Shares (NASDAQ:MRX) by 452.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,109 shares of the company’s stock after acquiring an additional 140,117 shares during the period. Wasatch Advisors LP owned approximately 0.23% of Marex Group plc Ordinary Shares worth $7,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, SG Americas Securities LLC increased its holdings in shares of 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 valued at $8,226,000 after purchasing an additional 170,513 shares during the period.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In related news, insider Thomas Texier sold 1,572 shares of the business’s stock in a transaction 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.79% of the stock is currently owned by company insiders.

Marex Group plc Ordinary Shares Stock Up 0.2%

Shares of MRX 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 company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $4.68 billion, a P/E ratio of 14.60 and a beta of -0.01. The business has a 50-day moving average of $56.38.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last posted its earnings results on Tuesday, March 31st. The company reported $1.48 EPS for the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%.The firm had revenue of $692.30 million for the quarter. As a group, equities 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 company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, May 18th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Marex Group plc Ordinary Shares’s payout ratio is 14.55%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MRX shares. UBS Group raised 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. Weiss Ratings upgraded shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Keefe, Bruyette & Woods initiated coverage on shares of 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. TD Cowen lifted their price objective on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Barclays upped their price objective on shares of Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 11th. One equities research 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. Based on data from MarketBeat, Marex Group plc Ordinary Shares currently has a consensus rating of “Buy” and an average target price of $63.75.

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.