Key Points
- Insider sale: Marex Group insider Thomas Texier sold 1,572 shares on June 1 at an average price of $53.35, totaling about $83,866. After the transaction, he still held 207,019 shares.
- Company performance and dividends: Marex recently reported quarterly EPS of $1.48 on revenue of $692.3 million and paid a quarterly dividend of $0.16 per share, which annualizes to a 1.2% yield.
- Wall Street sentiment: Analysts remain generally positive, with an average rating of Moderate Buy and a consensus price target of $61.75, though one recent downgrade from Zacks Research added a more cautious view.
Marex Group plc Ordinary Shares (NASDAQ:MRX - Get Free Report) insider Thomas Texier sold 1,572 shares of the business's stock in a transaction on Monday, June 1st. The shares were 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 $11,044,463.65. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Marex Group plc Ordinary Shares Stock Performance
MRX opened at $53.90 on Thursday. The firm has a market capitalization of $3.93 billion, a P/E ratio of 12.25 and a beta of -0.01. Marex Group plc Ordinary Shares has a 1 year low of $27.91 and a 1 year high of $58.62. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76.
Marex Group plc Ordinary Shares (NASDAQ:MRX - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. The business had revenue of $692.30 million during the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%. As a group, sell-side analysts anticipate that Marex Group plc Ordinary Shares will post 5.32 EPS for the current year.
Marex Group plc Ordinary Shares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, May 18th were paid a $0.16 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.64 annualized dividend and a yield of 1.2%. Marex Group plc Ordinary Shares's payout ratio is 14.55%.
Institutional Trading of Marex Group plc Ordinary Shares
A number of institutional investors have recently modified their holdings of the stock. Vestor Capital LLC bought a new stake in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at $45,000. Bank of America Corp DE lifted its position in shares of Marex Group plc Ordinary Shares by 34.3% during the 1st quarter. Bank of America Corp DE now owns 385,026 shares of the company's stock valued at $17,164,000 after acquiring an additional 98,334 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at $1,758,000. Regal Partners Ltd bought a new stake in shares of Marex Group plc Ordinary Shares during the 1st quarter valued at $342,000. Finally, Engle Capital Management L.P. raised its holdings in shares of Marex Group plc Ordinary Shares by 5.3% during the 1st quarter. Engle Capital Management L.P. now owns 200,996 shares of the company's stock worth $8,960,000 after buying an additional 10,096 shares in the last quarter.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. UBS Group boosted their price target on Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, April 2nd. Keefe, Bruyette & Woods assumed coverage on Marex Group plc Ordinary Shares in a research note on Wednesday, April 8th. They issued an "outperform" rating and a $60.00 price target for the company. Zacks Research downgraded Marex Group plc Ordinary Shares from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Barclays boosted their price target on Marex Group plc Ordinary Shares from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded Marex Group plc Ordinary Shares from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.75.
Read Our Latest Stock Report on MRX
Marex Group plc Ordinary Shares Company Profile
(
Get Free Report)
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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