Brokerages Set Marex Group plc Ordinary Shares (NASDAQ:MRX) PT at $75.14

Marex Group plc Ordinary Shares (NASDAQ:MRX) has earned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $75.1429.

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. 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. Keefe, Bruyette & Woods lifted their target price on shares of Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Piper Sandler boosted their price target on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Finally, Barclays increased their price target on shares of 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.

Marex Group plc Ordinary Shares Stock Performance

Shares of MRX stock opened at $64.60 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.76. Marex Group plc Ordinary Shares has a fifty-two week low of $27.91 and a fifty-two week high of $71.18. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 14.68 and a beta of -0.10. The stock has a 50 day simple moving average of $61.00.

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. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%.The company had revenue of $692.30 million during the quarter. As a group, equities analysts predict that Marex Group plc Ordinary Shares will post 5.56 EPS for the current year.

Marex Group plc Ordinary Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, May 18th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, May 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. Marex Group plc Ordinary Shares’s dividend payout ratio is 14.55%.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 207,019 shares of the company’s stock, valued at approximately $11,044,463.65. This represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Marex Group plc Ordinary Shares

Several hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP grew its stake in Marex Group plc Ordinary Shares by 883.6% in the second quarter. Wasatch Advisors LP now owns 1,683,061 shares of the company’s stock worth $102,583,000 after purchasing an additional 1,511,952 shares during the period. SG Americas Securities LLC lifted 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 valued at $8,226,000 after buying an additional 170,513 shares during the period. Walleye Capital LLC boosted its holdings in shares of Marex Group plc Ordinary Shares by 1,369.6% during the 1st quarter. Walleye Capital LLC now owns 159,830 shares of the company’s stock valued at $7,125,000 after buying an additional 148,954 shares in the last quarter. Swedbank AB boosted its holdings in shares of Marex Group plc Ordinary Shares by 66.1% during the 1st quarter. Swedbank AB now owns 354,413 shares of the company’s stock valued at $15,800,000 after buying an additional 141,000 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Marex Group plc Ordinary Shares by 8.9% in the 1st quarter. Jennison Associates LLC now owns 1,606,691 shares of the company’s stock worth $71,626,000 after buying an additional 131,436 shares during the period.

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.