Old North State Trust LLC purchased a new position in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,552 shares of the company’s stock, valued at approximately $2,250,000. Marex Group plc Ordinary Shares makes up approximately 1.2% of Old North State Trust LLC’s holdings, making the stock its 19th largest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRX. Fifth Third Bancorp lifted 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 worth $54,000 after purchasing an additional 571 shares in the last quarter. Vestor Capital LLC bought a new position in Marex Group plc Ordinary Shares in the 1st quarter valued at $45,000. Keybank National Association OH increased its stake in shares of Marex Group plc Ordinary Shares by 12.7% in the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock valued at $395,000 after buying an additional 1,001 shares during the period. Sei Investments Co. raised its position in shares of Marex Group plc Ordinary Shares by 0.8% during the first quarter. Sei Investments Co. now owns 354,325 shares of the company’s stock worth $15,796,000 after acquiring an additional 2,742 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of Marex Group plc Ordinary Shares by 5.5% during the second quarter. Moody National Bank Trust Division now owns 91,388 shares of the company’s stock worth $5,570,000 after acquiring an additional 4,758 shares during the last quarter.
Insider Activity at Marex Group plc Ordinary Shares
In related news, insider Thomas Texier sold 1,572 shares of Marex Group plc Ordinary Shares stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $53.35, for a total value of $83,866.20. Following the completion of the sale, the insider owned 207,019 shares of the company’s stock, valued at approximately $11,044,463.65. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.79% of the stock is owned by corporate insiders.
Analyst Ratings Changes
View Our Latest Stock Report on MRX
Marex Group plc Ordinary Shares Stock Down 1.0%
Shares of NASDAQ:MRX opened at $71.38 on Friday. The company has a market capitalization of $5.21 billion, a PE ratio of 12.82 and a beta of -0.10. The company has a current ratio of 1.09, a quick ratio of 1.07 and a debt-to-equity ratio of 1.53. The stock’s 50 day moving average price is $65.86. Marex Group plc Ordinary Shares has a 12-month low of $27.91 and a 12-month high of $75.40.
Marex Group plc Ordinary Shares (NASDAQ:MRX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.28. The business had revenue of $695.80 million for the quarter. Marex Group plc Ordinary Shares had a net margin of 17.43% and a return on equity of 27.94%. The business’s revenue was up 39.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. Equities research analysts expect that Marex Group plc Ordinary Shares will post 5.84 earnings per share for the current year.
Marex Group plc Ordinary Shares Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be paid a $0.16 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.64 annualized dividend and a yield of 0.9%. Marex Group plc Ordinary Shares’s dividend payout ratio (DPR) is 11.49%.
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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