9,983 Shares in Marex Group plc Ordinary Shares $MRX Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new stake in Marex Group plc Ordinary Shares (NASDAQ:MRX) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,983 shares of the company’s stock, valued at approximately $445,000.

Separately, Wasatch Advisors LP raised its holdings in Marex Group plc Ordinary Shares by 452.1% during the first quarter. Wasatch Advisors LP now owns 171,109 shares of the company’s stock worth $7,628,000 after purchasing an additional 140,117 shares in the last quarter.

Marex Group plc Ordinary Shares Stock Down 2.3%

NASDAQ MRX opened at $63.55 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.07 and a current ratio of 1.08. Marex Group plc Ordinary Shares has a 52-week low of $27.91 and a 52-week high of $71.18. The business’s 50-day moving average is $59.98. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 14.44 and a beta of -0.10.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last posted its quarterly earnings data 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 during the quarter. As a group, analysts anticipate that Marex Group plc Ordinary Shares will post 5.35 earnings per share for the current year.

Marex Group plc Ordinary Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, May 18th were paid 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 was Monday, May 18th. Marex Group plc Ordinary Shares’s dividend payout ratio is 14.55%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MRX shares. Zacks Research upgraded shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. UBS Group lifted their price target on shares of 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 research note on Wednesday, May 27th. TD Cowen boosted their price target on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Piper Sandler upped their price objective on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $74.33.

Insider Activity at Marex Group plc Ordinary Shares

In related news, insider Thomas Texier sold 1,572 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $53.35, for a total transaction of $83,866.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.79% of the stock is owned by company insiders.

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.