Marex Group plc Ordinary Shares (NASDAQ:MRX) Announces Quarterly Dividend of $0.16

Marex Group plc Ordinary Shares (NASDAQ:MRX) declared a quarterly dividend on Friday, August 7th, NASDAQ Dividends reports. Stockholders of record on Monday, August 24th will be given a dividend of 0.16 per share on Wednesday, September 9th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 24th.

Marex Group plc Ordinary Shares Price Performance

Shares of MRX stock opened at $72.99 on Friday. Marex Group plc Ordinary Shares has a 1-year low of $27.91 and a 1-year high of $75.40. The company’s 50-day moving average is $65.17. The company has a market capitalization of $5.32 billion, a P/E ratio of 13.10 and a beta of -0.10. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.07 and a current ratio of 1.09.

Marex Group plc Ordinary Shares (NASDAQ:MRX) last announced its earnings results on Wednesday, August 12th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.28. The business had revenue of $695.80 million during the quarter. Marex Group plc Ordinary Shares had a net margin of 17.43% and a return on equity of 27.94%. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, analysts anticipate that Marex Group plc Ordinary Shares will post 5.84 EPS for the current year.

Insiders Place Their Bets

In other Marex Group plc Ordinary Shares news, insider Thomas Texier sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 in the company, valued at approximately $11,044,463.65. This represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.79% of the company’s stock.

Institutional Investors Weigh In On Marex Group plc Ordinary Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Archer Investment Corp purchased a new stake in shares of Marex Group plc Ordinary Shares in the second quarter worth about $43,000. Vestor Capital LLC purchased a new position in Marex Group plc Ordinary Shares during the first quarter valued at approximately $45,000. Fifth Third Bancorp raised its position in Marex Group plc Ordinary Shares by 89.5% during the first quarter. Fifth Third Bancorp now owns 1,209 shares of the company’s stock valued at $54,000 after acquiring an additional 571 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in Marex Group plc Ordinary Shares during the second quarter valued at approximately $191,000. Finally, Abel Hall LLC acquired a new position in Marex Group plc Ordinary Shares in the first quarter valued at approximately $214,000.

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.