Vanguard Group Inc. Buys 11,240 Shares of StoneX Group Inc. $SNEX

Vanguard Group Inc. boosted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 4,031,545 shares of the company’s stock after acquiring an additional 11,240 shares during the period. Vanguard Group Inc. owned approximately 0.08% of StoneX Group worth $383,521,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Choreo LLC grew its position in shares of StoneX Group by 4.5% during the 4th quarter. Choreo LLC now owns 2,764 shares of the company’s stock valued at $270,000 after acquiring an additional 118 shares during the period. Xponance Inc. grew its position in shares of StoneX Group by 3.6% during the 3rd quarter. Xponance Inc. now owns 3,624 shares of the company’s stock valued at $366,000 after acquiring an additional 125 shares during the period. Lido Advisors LLC grew its position in shares of StoneX Group by 3.5% during the 3rd quarter. Lido Advisors LLC now owns 3,925 shares of the company’s stock valued at $396,000 after acquiring an additional 132 shares during the period. Nisa Investment Advisors LLC grew its position in shares of StoneX Group by 35.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 612 shares of the company’s stock valued at $62,000 after acquiring an additional 159 shares during the period. Finally, Millington Financial Advisors LLC grew its position in shares of StoneX Group by 0.6% during the 3rd quarter. Millington Financial Advisors LLC now owns 29,570 shares of the company’s stock valued at $2,879,000 after acquiring an additional 165 shares during the period. Institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. William Blair restated an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Finally, Jefferies Financial Group lifted their target price on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, StoneX Group presently has an average rating of “Buy” and a consensus price target of $122.00.

Insiders Place Their Bets

In other StoneX Group news, insider Mark Lowry Maurer sold 40,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $124.88, for a total value of $4,995,200.00. Following the sale, the insider owned 90,331 shares in the company, valued at $11,280,535.28. The trade was a 30.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Moore Fowler sold 1,050 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $106.25, for a total transaction of $111,562.50. Following the completion of the sale, the director owned 171,246 shares in the company, valued at approximately $18,194,887.50. The trade was a 0.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 151,550 shares of company stock worth $17,888,228. 11.79% of the stock is owned by corporate insiders.

StoneX Group Stock Down 1.5%

SNEX opened at $106.39 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80. StoneX Group Inc. has a fifty-two week low of $53.52 and a fifty-two week high of $109.50. The firm’s fifty day moving average is $101.76 and its 200 day moving average is $101.43. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 23.82 and a beta of 0.64.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 EPS for the quarter, topping the consensus estimate of $1.60 by $0.47. The business had revenue of $826.40 million for the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. On average, sell-side analysts forecast that StoneX Group Inc. will post 5.8 earnings per share for the current fiscal year.

StoneX Group Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.