Janus Henderson Group PLC bought a new position in Marex Group plc Ordinary Shares (NASDAQ:MRX – Free Report) in the first quarter, HoldingsChannel reports. The fund bought 39,441 shares of the company’s stock, valued at approximately $1,758,000.
A number of other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC grew 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 valued at $8,226,000 after acquiring an additional 170,513 shares in the last quarter. Walleye Capital LLC raised its holdings in shares of Marex Group plc Ordinary Shares by 1,369.6% during the first quarter. Walleye Capital LLC now owns 159,830 shares of the company’s stock worth $7,125,000 after acquiring an additional 148,954 shares in the last quarter. Swedbank AB raised its holdings in shares of Marex Group plc Ordinary Shares by 66.1% during the first quarter. Swedbank AB now owns 354,413 shares of the company’s stock worth $15,800,000 after acquiring an additional 141,000 shares in the last quarter. Wasatch Advisors LP boosted its position in Marex Group plc Ordinary Shares by 452.1% during the first 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. Finally, Jennison Associates LLC boosted its position in Marex Group plc Ordinary Shares by 8.9% during the first quarter. Jennison Associates LLC now owns 1,606,691 shares of the company’s stock valued at $71,626,000 after purchasing an additional 131,436 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of research analysts have commented on MRX shares. TD Cowen boosted their target price on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Jefferies Financial Group raised their price target on Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Keefe, Bruyette & Woods lifted their price target on Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Compass Point set a $80.00 price target on Marex Group plc Ordinary Shares in a research note on Thursday, July 9th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $75.14.
Insider Buying and Selling
In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the firm’s 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 transaction, the insider directly owned 207,019 shares in the company, valued at $11,044,463.65. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Marex Group plc Ordinary Shares Stock Performance
MRX stock opened at $60.81 on Monday. 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 1 year low of $27.91 and a 1 year high of $71.18. The firm has a fifty day simple moving average of $62.82. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 13.82 and a beta of -0.10.
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.
Featured Stories
- Five stocks we like better than Marex Group plc Ordinary Shares
- Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
- Can DICK’S Turn Foot Locker Into a Winner?
- Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue
- Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War
Want to see what other hedge funds are holding MRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marex Group plc Ordinary Shares (NASDAQ:MRX – Free Report).
Receive News & Ratings for Marex Group plc Ordinary Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marex Group plc Ordinary Shares and related companies with MarketBeat.com's FREE daily email newsletter.
