Engle Capital Management L.P. Has $8.96 Million Stock Position in Marex Group plc Ordinary Shares $MRX

Engle Capital Management L.P. grew its position in Marex Group plc Ordinary Shares (NASDAQ:MRX) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,996 shares of the company’s stock after acquiring an additional 10,096 shares during the quarter. Marex Group plc Ordinary Shares accounts for about 3.1% of Engle Capital Management L.P.’s holdings, making the stock its 14th largest position. Engle Capital Management L.P. owned 0.28% of Marex Group plc Ordinary Shares worth $8,960,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of Marex Group plc Ordinary Shares by 89.5% during the first quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock valued at $54,000 after purchasing an additional 571 shares during the period. Abel Hall LLC bought a new position in Marex Group plc Ordinary Shares in the first quarter worth $214,000. Pale Fire Capital SE acquired a new stake in Marex Group plc Ordinary Shares during the first quarter worth $239,000. Entropy Technologies LP acquired a new stake in Marex Group plc Ordinary Shares during the first quarter worth $379,000. Finally, Keybank National Association OH boosted its stake 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.

Insider Transactions at Marex Group plc Ordinary Shares

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the business’s 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 transaction, the insider owned 207,019 shares of the company’s stock, valued at approximately $11,044,463.65. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MRX. Jefferies Financial Group increased their price objective 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. Piper Sandler lifted their target price 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. Barclays upped their target price on shares of Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Compass Point set a $80.00 price target on shares of Marex Group plc Ordinary Shares in a research report on Thursday, July 9th. Finally, Zacks Research upgraded shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $75.14.

Marex Group plc Ordinary Shares Trading Down 1.5%

NASDAQ MRX opened at $64.60 on Tuesday. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 14.68 and a beta of -0.10. The business’s 50 day moving average price is $61.00. 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 1-year low of $27.91 and a 1-year high of $71.18.

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. The business had revenue of $692.30 million for the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%. On average, analysts forecast that Marex Group plc Ordinary Shares will post 5.56 earnings per share for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders 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 annualized dividend and a yield of 1.0%. Marex Group plc Ordinary Shares’s payout ratio is presently 14.55%.

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.