Marex Group plc Ordinary Shares $MRX Shares Bought by Walleye Capital LLC

Walleye Capital LLC grew its holdings in Marex Group plc Ordinary Shares (NASDAQ:MRX) by 1,369.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,830 shares of the company’s stock after acquiring an additional 148,954 shares during the period. Walleye Capital LLC’s holdings in Marex Group plc Ordinary Shares were worth $7,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fifth Third Bancorp increased its holdings in Marex Group plc Ordinary Shares by 89.5% in the 1st quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock valued at $54,000 after purchasing an additional 571 shares in the last quarter. Abel Hall LLC purchased a new position in Marex Group plc Ordinary Shares in the first quarter valued at about $214,000. Keybank National Association OH lifted its stake in shares of Marex Group plc Ordinary Shares by 12.7% during the first quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock worth $395,000 after purchasing an additional 1,001 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Marex Group plc Ordinary Shares during the first quarter worth about $445,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Marex Group plc Ordinary Shares in the first quarter worth about $501,000.

Wall Street Analysts Forecast Growth

MRX has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Jefferies Financial Group upped 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. Compass Point set a $80.00 price objective on shares of Marex Group plc Ordinary Shares in a research report on Thursday, July 9th. Zacks Research upgraded shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. One investment 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. According to MarketBeat.com, Marex Group plc Ordinary Shares currently has a consensus rating of “Buy” and a consensus target price of $75.14.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In other news, insider Thomas Texier sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $53.35, for a total transaction of $83,866.20. Following the completion of the sale, the insider owned 207,019 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 3.79% of the company’s stock.

Marex Group plc Ordinary Shares Stock Performance

Shares of NASDAQ MRX opened at $65.85 on Thursday. 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 stock’s 50-day simple moving average is $60.51. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 14.97 and a beta of -0.10.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.48 EPS for the quarter. Marex Group plc Ordinary Shares had a return on equity of 28.43% and a net margin of 15.45%.The firm had revenue of $692.30 million during the quarter. As a group, research analysts predict that Marex Group plc Ordinary Shares will post 5.56 EPS for the current year.

Marex Group plc Ordinary Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, May 18th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, May 18th. Marex Group plc Ordinary Shares’s dividend payout ratio is 14.55%.

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.