William Blair Investment Management LLC Sells 138,046 Shares of Marex Group plc Ordinary Shares $MRX

William Blair Investment Management LLC decreased its holdings in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) by 13.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 871,153 shares of the company’s stock after selling 138,046 shares during the period. William Blair Investment Management LLC’s holdings in Marex Group plc Ordinary Shares were worth $60,772,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MRX. Russell Investments Group Ltd. raised its holdings in shares of Marex Group plc Ordinary Shares by 0.5% in the third quarter. Russell Investments Group Ltd. now owns 348,719 shares of the company’s stock worth $24,327,000 after buying an additional 1,652 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Marex Group plc Ordinary Shares during the 3rd quarter valued at $51,686,000. Commonwealth Equity Services LLC boosted its holdings in Marex Group plc Ordinary Shares by 13.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,919 shares of the company’s stock valued at $413,000 after acquiring an additional 724 shares during the period. Covestor Ltd grew its position in Marex Group plc Ordinary Shares by 4,046.7% in the 3rd quarter. Covestor Ltd now owns 622 shares of the company’s stock valued at $43,000 after acquiring an additional 607 shares during the last quarter. Finally, Ascent Group LLC bought a new position in Marex Group plc Ordinary Shares in the 3rd quarter valued at $230,000.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In other Marex Group plc Ordinary Shares news, insider Paolo Tonucci sold 16,666 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $72.03, for a total value of $1,200,451.98. Following the completion of the sale, the insider directly owned 1,252,905 shares in the company, valued at approximately $90,246,747.15. This represents a 1.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings lowered Marex Group plc Ordinary Shares from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Jefferies Financial Group boosted their target price on shares of Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 20th. The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price target on shares of Marex Group plc Ordinary Shares in a report on Friday, August 14th. Keefe, Bruyette & Woods upped their price target on shares of Marex Group plc Ordinary Shares from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Finally, William Blair started coverage on shares of Marex Group plc Ordinary Shares in a research note on Wednesday, October 14th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $83.75.

Marex Group plc Ordinary Shares Trading Down 1.3%

Shares of Marex Group plc Ordinary Shares stock traded down $0.96 on Friday, hitting $70.72. 312,426 shares of the company traded hands, compared to its average volume of 750,942. The stock’s 50 day moving average price is $71.06 and its 200-day moving average price is $64.26. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.35. Marex Group plc Ordinary Shares has a 52 week low of $31.19 and a 52 week high of $79.11. The company has a market cap of $5.16 billion, a PE ratio of 11.59 and a beta of 0.07.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.15. Marex Group plc Ordinary Shares had a return on equity of 27.93% and a net margin of 17.88%. The firm had revenue of $743.20 million during the quarter. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. Equities research analysts predict that Marex Group plc Ordinary Shares will post 6.16 EPS for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. Marex Group plc Ordinary Shares’s payout ratio is 10.49%.

Marex Group plc Ordinary Shares Profile

Marex Group plc is a global financial services company that provides market access, liquidity and related services to businesses and institutions. Its clients include producers and consumers of commodities, financial institutions and other market participants. The company’s services include clearing and execution for exchange-traded and over-the-counter markets, agency execution, and market making. Marex also offers hedging solutions and investment products, with activity across markets such as energy, metals, agriculture, foreign exchange and fixed income.