Hsbc Holdings PLC Makes New Investment in Marex Group plc Ordinary Shares $MRX

Hsbc Holdings PLC acquired a new stake in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,110 shares of the company’s stock, valued at approximately $501,000.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC boosted 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 worth $8,226,000 after purchasing an additional 170,513 shares during the period. Wasatch Advisors LP increased its position in shares of Marex Group plc Ordinary Shares by 452.1% during the 1st quarter. Wasatch Advisors LP now owns 171,109 shares of the company’s stock valued at $7,628,000 after purchasing an additional 140,117 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Marex Group plc Ordinary Shares during the 1st quarter valued at $445,000. Keybank National Association OH raised its holdings in Marex Group plc Ordinary Shares by 12.7% during the 1st quarter. Keybank National Association OH now owns 8,862 shares of the company’s stock valued at $395,000 after buying an additional 1,001 shares during the period. Finally, Abel Hall LLC bought a new stake in Marex Group plc Ordinary Shares in the first quarter worth $214,000.

Wall Street Analyst Weigh In

Several research firms have commented on MRX. Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. TD Cowen increased their target price on shares of Marex Group plc Ordinary Shares from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Piper Sandler raised 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 report on Wednesday, July 15th. Jefferies Financial Group lifted their price target on shares of Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, Barclays upped their price target on shares of Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average 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 Marex Group plc Ordinary Shares 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 completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.79% of the company’s stock.

Marex Group plc Ordinary Shares Stock Performance

Shares of MRX stock opened at $64.92 on Friday. Marex Group plc Ordinary Shares has a 52-week low of $27.91 and a 52-week high of $71.18. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.08 and a quick ratio of 1.07. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 14.75 and a beta of -0.10. The business’s 50 day simple moving average is $61.83.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.48 earnings per share (EPS) for the quarter. The company 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 forecast that Marex Group plc Ordinary Shares will post 5.56 EPS for the current year.

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.