Marex GroupNASDAQ: MRX

Profile

Country:

United Kingdom

IPO:

28 March 1990

Next earnings report:

28 February 2025

Last dividends:

30 August 2024

Next dividends:

25 November 2024
$2.09 B
0%vs. 3y high
67%vs. sector
0%vs. 3y high
35%vs. sector
0%vs. 3y high
75%vs. sector
0%vs. 3y high
9%vs. sector

Price

regular market | 4 min ago
$29.73+$0.63(+2.16%)
$391.20 M$369.84 M
$391.20 M$58.40 M

Analysts recommendations

Institutional Ownership

MRX Latest News

Marex Group plc Announces Third Quarter 2024 Results
globenewswire.com07 November 2024 Sentiment: POSITIVE

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the 'Group'; Nasdaq: MRX), a diversified global financial services platform, announces strong results for the third quarter (Q3) and nine months (9M) ended 30 September 2024, and upgraded outlook for the full year. Financial Highlights Financial Highlights: ($m) 3 months ended 30 September 2024   3 months ended 30 September 2023   Change1   9 months ended 30 September 2024   9 months ended 30 September 2023   Change1 Reported                       Revenue 391.2   296.6           32%   1,179.1   919.0           28% Profit Before Tax 79.0   47.6           66%   218.0   157.1           39% Profit Before Tax Margin (%)         20%           16%   400 bps           18%           17%   100 bps Profit After Tax 58.4   32.4           80%   161.3   113.2           42% Profit After Tax Margin (%)         15%           11%   400 bps           14%           12%   200 bps Return on Equity (%)         25%           18%   700 bps           25%           21%   400 bps Basic Earnings per Share ($)2 0.78   0.44           77%   2.20   1.57           40% Diluted Earnings per Share ($)2 0.73   0.41           78%   2.05   1.47           39%                         Adjusted 3                       Operating Profit3 80.5   52.9           52%    239.7   177.4           35% Operating Profit Margin (%)3         21%           18%   300 bps           20%           19%   100 bps Operating Profit after Tax Attributable to Common Equity3 57.5   34.6           66%   173.2   124.7           39% Return on Operating Profit after Tax Attributable to Common Equity (%)3         28%           22%   600 bps           31%           27%   400 bps Adjusted Earnings per Share($)2,3 0.82   0.53           55%    2.51   1.90           32% Adjusted Diluted Earnings per Share ($)2,3 0.76   0.49           55%    2.35   1.78           32% % Change is calculated on numbers presented to the nearest tenth of a million.

Marex Group Plc to Announce Third Quarter 2024 Earnings on November 7, 2024
globenewswire.com22 October 2024 Sentiment: POSITIVE

NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (NASDAQ: MRX) today announced that it will release its fiscal 2024 third quarter results before market open on Thursday, November 7, 2024. The earnings release and supplementary materials will be available through the "Investors" section of the Marex website at https://ir.marex.com/.

Marex Group plc Announces Launch of a Public Offering
globenewswire.com21 October 2024 Sentiment: POSITIVE

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (Nasdaq: MRX) (“Marex”), the diversified global financial services platform, today announces the launch of a public offering of its ordinary shares (the “Offering”) by certain selling shareholders (the “Selling Shareholders”). The Selling Shareholders are offering a total of 7,000,000 ordinary shares.

IPO Stock Of The Week: Financial Firm Marex Nears Buy Point After 43% Rally
investors.com18 October 2024 Sentiment: POSITIVE

IPO Stock Of The Week and U.K.-based financial leader Marex is approaching a buy point after a 43% rally in recent months.

Marex Agrees Terms to Acquire UK FX Specialist Hamilton Court Group
globenewswire.com09 October 2024 Sentiment: POSITIVE

LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (‘Marex' or the ‘Group'; NASDAQ: MRX), the diversified global financial services platform, today announces that it has agreed terms to acquire Hamilton Court Group which will expand the foreign exchange (FX) services it offers clients, consistent with its strategy to bring new clients and new capabilities onto its platform and diversify its earnings. Headquartered in London, Hamilton Court Group offers a full suite of FX products, ranging from bespoke complex FX options and derivative structures to more ‘vanilla' products such as forwards, spots and swaps.

Marex Acquires Biofuels Company Dropet
globenewswire.com01 October 2024 Sentiment: POSITIVE

LONDON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Marex Group Plc (NASDAQ: MRX), the diversified global financial services platform, today announces the completion of its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex's strategy to diversify its business and increase earnings resilience.

Marex Group PLC (MRX) Upgraded to Strong Buy: What Does It Mean for the Stock?
zacks.com30 September 2024 Sentiment: POSITIVE

Marex Group PLC (MRX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

MRX Stock Earnings: Marex Group Beats EPS, Beats Revenue for Q2 2024
investorplace.com25 August 2024 Sentiment: POSITIVE

Marex Group (NASDAQ: MRX ) just reported results for the second quarter of 2024. Marex Group reported earnings per share of 90 cents.

Best Momentum Stocks to Buy for August 20th
zacks.com20 August 2024 Sentiment: POSITIVE

MRX, SN, and ZIM made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 20, 2024.

Why Marex Group Stock Was Skyrocketing This Week
fool.com16 August 2024 Sentiment: POSITIVE

The little-known brokerage services specialist might become more famous following its blowout second quarter. It trounced analyst estimates for both revenue and profitability.

What type of business is Marex Group?

Marex Group plc, a financial services platform, provides liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets. It operates through four segments: Market Making, Clearing, Agency and Execution, and Hedging and Investment Solutions. The company offers execution and clearing services in metals, agricultural products, and financial futures and options; liquidity and execution services for financial securities through trading desks that cover products, including foreign exchange, equities, fixed income, and others. It also acts as an agent to trades in OTC energy products using knowledge of the energy sector and relationships with clients; and provides market making services across commodities markets, such as metals, agricultural products, and energy and securities markets. In addition, the company offers OTC traded hedging and customized OTC derivatives solutions; and risk management solutions across commodity markets comprising agriculture, metals, energy, and currency markets. Further, it engages in the structured notes business, which allows investors to build their own structured notes across asset classes, including commodities, equities, foreign exchange, and fixed income products for private banks, independent asset managers, pension funds, and corporates. The company operates in the United Kingdom, the United States, and internationally. Marex Group plc was incorporated in 2005 and is headquartered in London, the United Kingdom.

What sector is Marex Group in?

Marex Group is in the Financial Services sector

What industry is Marex Group in?

Marex Group is in the Capital Markets industry

What country is Marex Group from?

Marex Group is headquartered in United Kingdom

When did Marex Group go public?

Marex Group initial public offering (IPO) was on 28 March 1990

What is Marex Group website?

https://www.marex.com

Is Marex Group in the S&P 500?

No, Marex Group is not included in the S&P 500 index

Is Marex Group in the NASDAQ 100?

No, Marex Group is not included in the NASDAQ 100 index

Is Marex Group in the Dow Jones?

No, Marex Group is not included in the Dow Jones index

When was Marex Group the previous earnings report?

No data

When does Marex Group earnings report?

The next expected earnings date for Marex Group is 28 February 2025