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

Wasatch Advisors LP lifted its holdings in Marex Group plc Ordinary Shares (NASDAQ:MRX) by 452.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,109 shares of the company’s stock after purchasing an additional 140,117 shares during the period. Wasatch Advisors LP’s holdings in Marex Group plc Ordinary Shares were worth $7,628,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, SG Americas Securities LLC boosted its position in Marex Group plc Ordinary Shares by 1,217.4% during 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.

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 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 transaction, the insider owned 207,019 shares in the company, valued at approximately $11,044,463.65. This trade represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MRX. Zacks Research raised Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Barclays increased their target price on Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Weiss Ratings raised 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 stock a “buy” rating in a report on Monday, June 8th. Finally, UBS Group upped their price objective on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Marex Group plc Ordinary Shares currently has an average rating of “Buy” and a consensus price target of $63.75.

Marex Group plc Ordinary Shares Trading Up 0.2%

MRX stock opened at $64.23 on Friday. Marex Group plc Ordinary Shares has a 12-month low of $27.91 and a 12-month high of $67.35. The business has a 50-day moving average price of $56.38. 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 market cap of $4.68 billion, a PE ratio of 14.60 and a beta of -0.01.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its earnings results on Tuesday, March 31st. The company reported $1.48 EPS for the quarter. The business had revenue of $692.30 million during the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%. As a group, equities analysts forecast that Marex Group plc Ordinary Shares will post 5.35 EPS for the current fiscal year.

Marex Group plc Ordinary Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, May 18th were paid 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 currently 14.55%.

Marex Group plc Ordinary Shares Company 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.