Marex Group plc Ordinary Shares (NASDAQ:MRX – Get Free Report) insider Thomas Texier sold 1,572 shares of the stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Marex Group plc Ordinary Shares Stock Up 1.1%
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. Marex Group plc Ordinary Shares has a fifty-two week low of $27.91 and a fifty-two week high of $58.62. The stock has a market capitalization of $3.97 billion, a P/E ratio of 12.38 and a beta of -0.01.
Marex Group plc Ordinary Shares (NASDAQ:MRX – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 earnings per share for the quarter. The business had revenue of $692.30 million for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. As a group, analysts forecast that Marex Group plc Ordinary Shares will post 5.32 EPS for the current fiscal year.
Marex Group plc Ordinary Shares Dividend Announcement
Hedge Funds Weigh In On Marex Group plc Ordinary Shares
Large investors have recently made changes to their positions in the business. Vestor Capital LLC bought a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at about $45,000. Fifth Third Bancorp boosted 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 valued at $54,000 after purchasing an additional 571 shares in the last quarter. Abel Hall LLC bought a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at about $214,000. Pale Fire Capital SE bought a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at about $239,000. Finally, Regal Partners Ltd bought a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at about $342,000.
Wall Street Analyst Weigh In
Several equities analysts have commented on MRX shares. Zacks Research cut shares of Marex Group plc Ordinary Shares from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Barclays raised their target price on shares of Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. TD Cowen raised their target price on shares of Marex Group plc Ordinary Shares from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Keefe, Bruyette & Woods started coverage on shares of Marex Group plc Ordinary Shares in a research note on Wednesday, April 8th. They set an “outperform” rating and a $60.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Marex Group plc Ordinary Shares has a consensus rating of “Moderate Buy” and an average target price of $61.75.
Check Out Our Latest Analysis on MRX
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.
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