Marex Group plc Ordinary Shares (NASDAQ:MRX) Given Consensus Recommendation of “Buy” by Brokerages

Marex Group plc Ordinary Shares (NASDAQ:MRX) has been assigned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $82.00.

Several brokerages have commented on MRX. Barclays increased their target price on Marex Group plc Ordinary Shares from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Jefferies Financial Group raised their target price on Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 20th. UBS Group upped their price target on shares of Marex Group plc Ordinary Shares from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. TD Cowen increased their price objective on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Piper Sandler boosted their target price on Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th.

Marex Group plc Ordinary Shares Trading Up 0.6%

Shares of NASDAQ MRX opened at $71.88 on Wednesday. Marex Group plc Ordinary Shares has a 12 month low of $27.91 and a 12 month high of $75.40. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.53. The stock has a fifty day moving average of $64.66. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 12.90 and a beta of -0.10.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.36 by $0.28. Marex Group plc Ordinary Shares had a net margin of 17.43% and a return on equity of 27.94%. The business had revenue of $695.80 million during the quarter. During the same quarter last year, the business earned $0.98 earnings per share. The business’s quarterly revenue was up 39.1% on a year-over-year basis. On average, sell-side analysts predict that Marex Group plc Ordinary Shares will post 5.84 earnings per share for the current year.

Marex Group plc Ordinary Shares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be given 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 yield of 0.9%. Marex Group plc Ordinary Shares’s payout ratio is 11.49%.

Insider Activity at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the firm’s stock in a transaction on 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 owned 207,019 shares in the company, valued at approximately $11,044,463.65. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Marex Group plc Ordinary Shares

Several institutional investors have recently bought and sold shares of MRX. Vestor Capital LLC acquired a new stake in Marex Group plc Ordinary Shares during the 1st quarter valued at approximately $45,000. Fifth Third Bancorp grew its stake 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 during the period. Great Lakes Advisors LLC purchased a new position in Marex Group plc Ordinary Shares in the 2nd quarter valued at about $191,000. Abel Hall LLC acquired a new stake in Marex Group plc Ordinary Shares in the 1st quarter worth about $214,000. Finally, Pale Fire Capital SE purchased a new stake in shares of Marex Group plc Ordinary Shares during the first quarter worth approximately $239,000.

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.