Quantinno Capital Management LP Boosts Holdings in Marex Group plc Ordinary Shares $MRX

Key Points

• Quantinno Capital Management increased its Marex Group stake by 293.4% in the first quarter, reaching 49,346 shares valued at approximately $2.2 million. Several other institutional investors also significantly expanded their positions.
• Analysts remain optimistic, with Marex holding a consensus “Buy” rating and an average price target of $75.14. Recent targets from Piper Sandler, Barclays, and Jefferies range from $75 to $80.
• Marex shares opened at $60.55, with a 52-week range of $27.91 to $71.18 and a market capitalization of about $4.42 billion. Insider Thomas Texier sold 1,572 shares but retained more than 207,000 shares.

Quantinno Capital Management LP boosted its stake in Marex Group plc Ordinary Shares (NASDAQ:MRX - Free Report) by 293.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,346 shares of the company's stock after acquiring an additional 36,802 shares during the period. Quantinno Capital Management LP owned 0.07% of Marex Group plc Ordinary Shares worth $2,200,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRX. SG Americas Securities LLC grew its position in shares of Marex Group plc Ordinary Shares by 1,217.4% during the 1st quarter. SG Americas Securities LLC now owns 184,519 shares of the company's stock valued at $8,226,000 after acquiring an additional 170,513 shares during the period. Walleye Capital LLC raised its holdings in shares of Marex Group plc Ordinary Shares by 1,369.6% in the 1st quarter. Walleye Capital LLC now owns 159,830 shares of the company's stock worth $7,125,000 after purchasing an additional 148,954 shares during the period. Swedbank AB lifted its stake in Marex Group plc Ordinary Shares by 66.1% in the first 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 last quarter. Wasatch Advisors LP lifted its stake in Marex Group plc Ordinary Shares by 452.1% in the first 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. Finally, Jennison Associates LLC grew its holdings in Marex Group plc Ordinary Shares by 8.9% during the first 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports 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. Piper Sandler increased their price target on Marex Group plc Ordinary Shares from $55.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Compass Point set a $80.00 price objective on Marex Group plc Ordinary Shares in a report on Thursday, July 9th. Barclays lifted their price objective on Marex Group plc Ordinary Shares from $60.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Finally, Jefferies Financial Group upped their price objective on shares of Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the company a "buy" rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Marex Group plc Ordinary Shares presently has a consensus rating of "Buy" and an average target price of $75.14.

Insiders Place Their Bets

In other news, insider Thomas Texier sold 1,572 shares of the company's 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 sale, the insider directly owned 207,019 shares in the company, valued at $11,044,463.65. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link.

Marex Group plc Ordinary Shares Stock Performance

Shares of MRX opened at $60.55 on Tuesday. The business's 50-day moving average is $62.96. The stock has a market cap of $4.42 billion, a PE ratio of 13.76 and a beta of -0.10. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.08 and a quick ratio of 1.07. Marex Group plc Ordinary Shares has a 52-week low of $27.91 and a 52-week high of $71.18.

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.

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