Marex Group plc Ordinary Shares (NASDAQ:MRX) Given Average Recommendation of “Moderate Buy” by Brokerages

Marex Group plc Ordinary Shares (NASDAQ:MRX) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $61.75.

A number of brokerages have weighed in on MRX. UBS Group raised their price objective on 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. Zacks Research lowered Marex Group plc Ordinary Shares from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings upgraded Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 27th. Barclays raised their price objective on Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, TD Cowen raised their price objective on Marex Group plc Ordinary Shares from $66.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, May 7th.

Insider Activity at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of Marex Group plc Ordinary Shares stock in a transaction 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 transaction, the insider owned 207,019 shares in the company, valued at $11,044,463.65. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MRX. SG Americas Securities LLC raised its holdings in shares of Marex Group plc Ordinary Shares by 1,217.4% during the 1st quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock worth $8,226,000 after acquiring an additional 170,513 shares during the period. Wasatch Advisors LP raised its holdings in shares of Marex Group plc Ordinary Shares by 452.1% during the 1st quarter. Wasatch Advisors LP now owns 171,109 shares of the company’s stock worth $7,628,000 after acquiring an additional 140,117 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth $445,000. Keybank National Association OH raised its holdings in shares of Marex Group plc Ordinary Shares by 12.7% during the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock worth $395,000 after acquiring an additional 1,001 shares during the period. Finally, Abel Hall LLC purchased a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth $214,000.

Marex Group plc Ordinary Shares Stock Performance

Shares of MRX stock opened at $54.48 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.07 and a current ratio of 1.08. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 12.38 and a beta of -0.01. Marex Group plc Ordinary Shares has a fifty-two week low of $27.91 and a fifty-two week high of $58.62.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. The company 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, equities analysts predict that Marex Group plc Ordinary Shares will post 5.32 earnings per share for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, May 18th were issued a $0.16 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.64 dividend on an annualized basis and a yield of 1.2%. Marex Group plc Ordinary Shares’s dividend payout ratio (DPR) is presently 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.