Marex Group plc Ordinary Shares (NASDAQ:MRX) Receives Average Rating of “Buy” from Brokerages

Marex Group plc Ordinary Shares (NASDAQ:MRX) has received a consensus rating of “Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $82.00.

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Compass Point set a $80.00 price objective on shares of Marex Group plc Ordinary Shares in a research report on Thursday, July 9th. Barclays raised their price target on shares of Marex Group plc Ordinary Shares from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. 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, July 15th. Finally, TD Cowen increased their price objective on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, June 8th.

Marex Group plc Ordinary Shares Stock Performance

Shares of Marex Group plc Ordinary Shares stock opened at $71.88 on Wednesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.07 and a current ratio of 1.09. The company has a 50-day simple moving average of $64.66. Marex Group plc Ordinary Shares has a 52-week low of $27.91 and a 52-week high of $75.40. The company has a market capitalization of $5.24 billion, a PE ratio of 12.90 and a beta of -0.10.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last released its quarterly earnings results on Wednesday, August 12th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.28. Marex Group plc Ordinary Shares had a net margin of 17.43% and a return on equity of 27.94%. The business had revenue of $695.80 million for the quarter. During the same period in the prior year, the business posted $0.98 earnings per share. Marex Group plc Ordinary Shares’s revenue was up 39.1% compared to the same quarter last year. Equities research analysts predict that Marex Group plc Ordinary Shares will post 5.84 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, August 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. Marex Group plc Ordinary Shares’s payout ratio is currently 11.49%.

Insider Buying and Selling

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $53.35, for a total transaction of $83,866.20. Following the transaction, the insider owned 207,019 shares in the company, valued at approximately $11,044,463.65. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in 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 worth $54,000 after acquiring an additional 571 shares during the period. Vestor Capital LLC bought a new position in Marex Group plc Ordinary Shares in the 1st quarter valued at $45,000. Keybank National Association OH grew its position in Marex Group plc Ordinary Shares by 12.7% during 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 in the last quarter. Sei Investments Co. grew its holdings in shares of Marex Group plc Ordinary Shares by 0.8% during the first quarter. Sei Investments Co. now owns 354,325 shares of the company’s stock worth $15,796,000 after purchasing an additional 2,742 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of Marex Group plc Ordinary Shares by 5.5% during the 2nd quarter. Moody National Bank Trust Division now owns 91,388 shares of the company’s stock worth $5,570,000 after acquiring an additional 4,758 shares during the last quarter.

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.