Janus Henderson Group PLC Invests $1.76 Million in Marex Group plc Ordinary Shares $MRX

Key Points

• Janus Henderson Group acquired 39,441 Marex Group shares worth approximately $1.76 million, representing about 0.05% of the company. Several other institutional investors also significantly increased their positions during the first quarter.
• Analysts are broadly bullish on Marex, with a consensus “Buy” rating and an average price target of $75.14, compared with the stock’s reported opening price of $60.81.
• Marex shares have traded between $27.91 and $71.18 over the past year, with a market capitalization of about $4.44 billion and a P/E ratio of 13.82.

Janus Henderson Group PLC acquired a new stake in Marex Group plc Ordinary Shares (NASDAQ:MRX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,441 shares of the company's stock, valued at approximately $1,758,000. Janus Henderson Group PLC owned approximately 0.05% of Marex Group plc Ordinary Shares at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC raised its holdings in Marex Group plc Ordinary Shares by 1,217.4% during the first 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 in the last quarter. Walleye Capital LLC boosted its stake in Marex Group plc Ordinary Shares by 1,369.6% during the 1st quarter. Walleye Capital LLC now owns 159,830 shares of the company's stock valued at $7,125,000 after purchasing an additional 148,954 shares in the last quarter. Swedbank AB increased its position in shares of Marex Group plc Ordinary Shares by 66.1% during the 1st quarter. Swedbank AB now owns 354,413 shares of the company's stock valued at $15,800,000 after purchasing an additional 141,000 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 period. Finally, Jennison Associates LLC increased its position in shares of Marex Group plc Ordinary Shares by 8.9% during the 1st quarter. Jennison Associates LLC now owns 1,606,691 shares of the company's stock valued at $71,626,000 after purchasing an additional 131,436 shares during the period.

Marex Group plc Ordinary Shares Stock Performance

Shares of MRX stock opened at $60.81 on Monday. The stock has a market capitalization of $4.44 billion, a P/E ratio of 13.82 and a beta of -0.10. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $71.18. 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 company's fifty day simple moving average is $62.82.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Marex Group plc Ordinary Shares from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 27th. Jefferies Financial Group lifted their target price 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. Compass Point set a $80.00 price target on shares of Marex Group plc Ordinary Shares in a research report on Thursday, July 9th. Zacks Research raised shares of Marex Group plc Ordinary Shares from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $75.14.

Insider Buying and Selling

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of Marex Group plc Ordinary Shares stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $53.35, for a total transaction of $83,866.20. Following the transaction, the insider owned 207,019 shares of the company's stock, valued at $11,044,463.65. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source