Marex Group plc Ordinary Shares $MRX Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of Marex Group plc Ordinary Shares (NASDAQ:MRX) by 63.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,520 shares of the company’s stock after selling 140,267 shares during the quarter. Renaissance Technologies LLC owned 0.11% of Marex Group plc Ordinary Shares worth $3,590,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in 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 purchasing an additional 170,513 shares in the last quarter. Walleye Capital LLC raised its position 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 valued at $7,125,000 after purchasing an additional 148,954 shares in the last quarter. Swedbank AB boosted its stake 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 buying an additional 141,000 shares during the last quarter. Wasatch Advisors LP boosted its stake 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 buying an additional 140,117 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake 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 buying an additional 131,436 shares during the last quarter.

Marex Group plc Ordinary Shares Price Performance

MRX stock opened at $60.81 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.76. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $71.18. The company’s fifty day simple moving average is $62.82. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 13.82 and a beta of -0.10.

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

Wall Street Analysts Forecast Growth

MRX has been the subject of a number of research analyst reports. Piper Sandler lifted their price target 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, July 15th. Compass Point set a $80.00 price objective on shares of Marex Group plc Ordinary Shares in a research note on Thursday, July 9th. Keefe, Bruyette & Woods raised their price objective on shares of Marex Group plc Ordinary Shares from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Weiss Ratings raised shares of Marex Group plc Ordinary Shares from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group upped their target price on shares of Marex Group plc Ordinary Shares from $57.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Marex Group plc Ordinary Shares has an average rating of “Buy” and a consensus target price of $75.14.

Insider Buying and Selling at Marex Group plc Ordinary Shares

In related news, insider Thomas Texier sold 1,572 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $53.35, for a total transaction of $83,866.20. Following the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.79% of the stock is currently owned by corporate insiders.

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.