Marex Group plc Ordinary Shares (MRX) to Issue Dividend of $0.16 on June 3rd

Marex Group plc Ordinary Shares (NASDAQ:MRXGet Free Report) declared a dividend on Friday, May 1st, NASDAQ Dividends reports. Shareholders of record on Monday, May 18th will be given a dividend of 0.16 per share on Wednesday, June 3rd. The ex-dividend date is Monday, May 18th.

Marex Group plc Ordinary Shares Stock Performance

MRX stock opened at $56.22 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76. Marex Group plc Ordinary Shares has a 52 week low of $27.91 and a 52 week high of $58.62. The company has a market cap of $4.10 billion, a P/E ratio of 12.78 and a beta of 0.05.

Marex Group plc Ordinary Shares (NASDAQ:MRXGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 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 company had revenue of $692.30 million during the quarter. On average, sell-side analysts forecast that Marex Group plc Ordinary Shares will post 5.32 earnings per share for the current year.

Hedge Funds Weigh In On Marex Group plc Ordinary Shares

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in Marex Group plc Ordinary Shares by 1,217.4% in the first quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock worth $8,226,000 after purchasing an additional 170,513 shares during the period. Wasatch Advisors LP boosted its stake in shares of Marex Group plc Ordinary Shares by 452.1% in the 1st quarter. Wasatch Advisors LP now owns 171,109 shares of the company’s stock valued at $7,628,000 after purchasing an additional 140,117 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Marex Group plc Ordinary Shares during the 1st quarter worth approximately $445,000. Keybank National Association OH grew its position 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 buying an additional 1,001 shares during the period. Finally, Abel Hall LLC bought a new stake in shares of Marex Group plc Ordinary Shares during the first quarter worth approximately $214,000.

About Marex Group plc Ordinary Shares

(Get Free Report)

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.

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