Calamos Advisors LLC Has $4.91 Million Stock Position in Marex Group plc Ordinary Shares $MRX

Calamos Advisors LLC lifted its stake in Marex Group plc Ordinary Shares (NASDAQ:MRX) by 32.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,114 shares of the company’s stock after purchasing an additional 26,908 shares during the quarter. Calamos Advisors LLC’s holdings in Marex Group plc Ordinary Shares were worth $4,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MRX. Fifth Third Bancorp boosted its stake in shares of Marex Group plc Ordinary Shares by 89.5% during the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock valued at $54,000 after buying an additional 571 shares during the period. Abel Hall LLC acquired a new position in Marex Group plc Ordinary Shares in the first quarter worth approximately $214,000. Keybank National Association OH increased its holdings in Marex Group plc Ordinary Shares by 12.7% in the first quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock worth $395,000 after buying an additional 1,001 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Marex Group plc Ordinary Shares during the first quarter valued at approximately $445,000. Finally, Hsbc Holdings PLC bought a new position in Marex Group plc Ordinary Shares during the first quarter valued at approximately $501,000.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In related news, insider Thomas Texier sold 1,572 shares of the firm’s stock in a transaction that occurred 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 sale, the insider 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 SEC, which is available at the SEC website. Corporate insiders own 3.79% of the company’s stock.

Marex Group plc Ordinary Shares Stock Performance

Shares of MRX stock opened at $65.07 on Thursday. 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 $4.75 billion, a PE ratio of 14.79 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 $59.74.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly 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 business had revenue of $692.30 million for the quarter. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders 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 was Monday, May 18th. Marex Group plc Ordinary Shares’s dividend payout ratio (DPR) is presently 14.55%.

Wall Street Analysts Forecast Growth

MRX has been the topic of several analyst reports. Piper Sandler increased their target price on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday. Compass Point set a $80.00 price target on Marex Group plc Ordinary Shares in a research report on Thursday, July 9th. Barclays upped their price target on Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Weiss Ratings raised Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Finally, Zacks Research raised Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $74.33.

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.