Marex Group plc Ordinary Shares (NASDAQ:MRX - Get Free Report) declared a quarterly dividend on Friday, August 7th, NASDAQ Dividends reports. Shareholders of record on Monday, August 24th will be paid a dividend of 0.16 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 24th.
Marex Group plc Ordinary Shares Price Performance
Shares of NASDAQ MRX opened at $72.99 on Friday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.09 and a quick ratio of 1.07. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $75.40. The stock has a market capitalization of $5.32 billion, a P/E ratio of 13.10 and a beta of -0.10. The stock has a 50-day moving average of $65.17.
Marex Group plc Ordinary Shares (NASDAQ:MRX - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.36 by $0.28. The business had revenue of $695.80 million for the quarter. Marex Group plc Ordinary Shares had a return on equity of 27.94% and a net margin of 17.43%.The business's quarterly revenue was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. Research analysts expect that Marex Group plc Ordinary Shares will post 5.84 EPS for the current fiscal year.
Insider Activity at Marex Group plc Ordinary Shares
In other news, insider Thomas Texier sold 1,572 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 207,019 shares in the company, valued at approximately $11,044,463.65. This represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.79% of the company's stock.
Institutional Trading of Marex Group plc Ordinary Shares
Institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its holdings in Marex Group plc Ordinary Shares by 883.6% during the 2nd quarter. Wasatch Advisors LP now owns 1,683,061 shares of the company's stock worth $102,583,000 after acquiring an additional 1,511,952 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Marex Group plc Ordinary Shares by 8.9% in 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Marex Group plc Ordinary Shares by 11.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 908,596 shares of the company's stock worth $39,115,000 after purchasing an additional 93,863 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Marex Group plc Ordinary Shares by 11.2% during the first quarter. Bank of New York Mellon Corp now owns 484,524 shares of the company's stock worth $21,600,000 after purchasing an additional 48,752 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Marex Group plc Ordinary Shares by 34.3% in the first quarter. Bank of America Corp DE now owns 385,026 shares of the company's stock worth $17,164,000 after purchasing an additional 98,334 shares in the last quarter.
About Marex Group plc Ordinary Shares
(
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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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