SG Americas Securities LLC Boosts Holdings in Marex Group plc Ordinary Shares $MRX

SG Americas Securities LLC boosted its stake in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) by 1,217.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 184,519 shares of the company’s stock after purchasing an additional 170,513 shares during the period. SG Americas Securities LLC owned approximately 0.25% of Marex Group plc Ordinary Shares worth $8,226,000 at the end of the most recent quarter.

Insider Activity at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $53.35, for a total transaction of $83,866.20. Following the completion of the transaction, the insider directly owned 207,019 shares of the company’s stock, valued at $11,044,463.65. This represents a 0.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on MRX. Barclays upped their target price on Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Zacks Research raised Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. UBS Group lifted their target price on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Marex Group plc Ordinary Shares in a research note on Wednesday, April 8th. They issued an “outperform” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $63.75.

Marex Group plc Ordinary Shares Stock Up 0.2%

NASDAQ:MRX opened at $64.23 on Friday. Marex Group plc Ordinary Shares has a 52 week low of $27.91 and a 52 week high of $67.35. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a market cap of $4.68 billion, a PE ratio of 14.60 and a beta of -0.01. The company’s 50-day simple moving average is $56.38.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. The firm 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%. Sell-side analysts expect that Marex Group plc Ordinary Shares will post 5.35 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, May 18th were given a $0.16 dividend. 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 payout ratio is 14.55%.

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.