Barclays Issues Positive Forecast for Marex Group plc Ordinary Shares (NASDAQ:MRX) Stock Price

Marex Group plc Ordinary Shares (NASDAQ:MRX) had its price objective increased by Barclays from $60.00 to $76.00 in a report issued on Thursday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on MRX. Keefe, Bruyette & Woods started coverage on shares of Marex Group plc Ordinary Shares in a research report on Wednesday, April 8th. They set an “outperform” rating and a $60.00 price target for the company. Zacks Research upgraded shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. 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. Weiss Ratings upgraded shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Finally, UBS Group boosted their target price on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $70.20.

Marex Group plc Ordinary Shares Trading Up 4.6%

NASDAQ MRX opened at $70.29 on Thursday. The business’s fifty day simple moving average is $58.72. 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 stock has a market cap of $5.13 billion, a PE ratio of 15.97 and a beta of -0.10. Marex Group plc Ordinary Shares has a twelve month low of $27.91 and a twelve month high of $71.18.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. The firm had revenue of $692.30 million for the quarter. Research analysts predict that Marex Group plc Ordinary Shares will post 5.35 EPS for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, May 18th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. Marex Group plc Ordinary Shares’s dividend payout ratio is currently 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 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 sale, the insider directly owned 207,019 shares in the company, valued at approximately $11,044,463.65. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.79% of the company’s stock.

Institutional Investors Weigh In On Marex Group plc Ordinary Shares

Large investors have recently bought and sold shares of the stock. Vestor Capital LLC acquired a new stake in Marex Group plc Ordinary Shares in the first quarter valued at approximately $45,000. Fifth Third Bancorp lifted its position 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 worth $54,000 after purchasing an additional 571 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of Marex Group plc Ordinary Shares during the 1st quarter worth $214,000. Pale Fire Capital SE acquired a new position in shares of Marex Group plc Ordinary Shares during the first quarter worth $239,000. Finally, Regal Partners Ltd acquired a new position in shares of Marex Group plc Ordinary Shares during the first quarter worth $342,000.

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.