Janney Montgomery Scott LLC Makes New Investment in Marex Group plc Ordinary Shares $MRX

Janney Montgomery Scott LLC purchased a new position in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,983 shares of the company’s stock, valued at approximately $445,000.

Separately, SG Americas Securities LLC raised its holdings in shares of Marex Group plc Ordinary Shares by 1,217.4% in the 1st quarter. SG Americas Securities LLC now owns 184,519 shares of the company’s stock valued at $8,226,000 after buying an additional 170,513 shares during the period.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings raised Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Marex Group plc Ordinary Shares from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 10th. TD Cowen lifted 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. Piper Sandler upped their target price on shares of Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, UBS Group raised their price target on shares of Marex Group plc Ordinary Shares from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $74.33.

Insider Buying and Selling

In related news, insider Thomas Texier sold 1,572 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $53.35, for a total value of $83,866.20. Following the transaction, the insider owned 207,019 shares of the company’s stock, valued at $11,044,463.65. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.79% of the stock is owned by company insiders.

Marex Group plc Ordinary Shares Stock Down 2.3%

Shares of Marex Group plc Ordinary Shares stock opened at $63.55 on Friday. Marex Group plc Ordinary Shares has a 52-week low of $27.91 and a 52-week high of $71.18. The business has a 50 day moving average price of $59.98. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $4.64 billion, a P/E ratio of 14.44 and a beta of -0.10.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 EPS for the quarter. Marex Group plc Ordinary Shares had a net margin of 15.45% and a return on equity of 28.43%. The company had revenue of $692.30 million for the quarter. As a group, research analysts anticipate that Marex Group plc Ordinary Shares will post 5.35 earnings per share for the current fiscal year.

Marex Group plc Ordinary Shares Announces Dividend

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

Marex Group plc Ordinary Shares 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.