Marex Group plc Ordinary Shares (MRX) to Issue Quarterly Dividend of $0.16 on September 9th

Marex Group plc Ordinary Shares (NASDAQ:MRX) declared a quarterly dividend on Friday, August 7th, NASDAQ Dividends reports. Stockholders of record on Monday, August 24th will be paid a dividend of 0.16 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 24th.

Marex Group plc Ordinary Shares Stock Up 4.9%

Shares of NASDAQ MRX opened at $72.99 on Friday. 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 simple moving average is $65.17. The firm has a market capitalization of $5.32 billion, a P/E ratio of 13.10 and a beta of -0.10. Marex Group plc Ordinary Shares has a twelve month low of $27.91 and a twelve month high of $75.40.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter. During the same quarter last year, the company posted $0.98 EPS. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. As a group, research analysts anticipate that Marex Group plc Ordinary Shares will post 5.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MRX shares. TD Cowen upped their target price on Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Weiss Ratings upgraded Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Jefferies Financial Group boosted their price target 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. The Goldman Sachs Group restated a “buy” rating and set a $80.00 price objective on shares of Marex Group plc Ordinary Shares in a research report on Friday, August 14th. Finally, UBS Group lifted their target price on Marex Group plc Ordinary Shares from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $82.00.

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.