Oakmont Investment Advisors Inc. purchased a new stake in Marex Group plc Ordinary Shares (NASDAQ:MRX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,160 shares of the company’s stock, valued at approximately $497,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MRX. Vestor Capital LLC purchased a new position in Marex Group plc Ordinary Shares in the first quarter worth $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 worth $54,000 after purchasing an additional 571 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of Marex Group plc Ordinary Shares during the 1st quarter worth $214,000. Pale Fire Capital SE acquired a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth $239,000. Finally, Regal Partners Ltd acquired a new position in shares of Marex Group plc Ordinary Shares during the 1st quarter worth $342,000.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on MRX. Zacks Research upgraded shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 10th. TD Cowen boosted their price objective on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Piper Sandler upped their target price on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Compass Point set a $80.00 target price on shares of Marex Group plc Ordinary Shares in a report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Marex Group plc Ordinary Shares from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Marex Group plc Ordinary Shares has an average rating of “Buy” and a consensus price target of $82.00.
Marex Group plc Ordinary Shares Price Performance
Shares of Marex Group plc Ordinary Shares stock opened at $78.27 on Friday. Marex Group plc Ordinary Shares has a 1 year low of $27.91 and a 1 year high of $78.38. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.09 and a quick ratio of 1.07. The stock’s 50 day moving average is $66.94. The firm has a market cap of $5.71 billion, a P/E ratio of 14.05 and a beta of -0.08.
Marex Group plc Ordinary Shares (NASDAQ:MRX – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.28. Marex Group plc Ordinary Shares had a return on equity of 27.94% and a net margin of 17.43%.The company had revenue of $695.80 million during the quarter. During the same period in the previous year, the business posted $0.98 EPS. The business’s quarterly revenue was up 39.1% on a year-over-year basis. As a group, research analysts expect that Marex Group plc Ordinary Shares will post 5.84 EPS for the current fiscal year.
Marex Group plc Ordinary Shares Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.8%. Marex Group plc Ordinary Shares’s dividend payout ratio (DPR) is presently 11.49%.
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.
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