Cookson Peirce & Co. Inc. Purchases Shares of 13,008 StoneX Group Inc. $SNEX

Cookson Peirce & Co. Inc. purchased a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the second quarter, HoldingsChannel.com reports. The firm purchased 13,008 shares of the company’s stock, valued at approximately $1,541,000.

Other large investors have also bought and sold shares of the company. Lido Advisors LLC increased its stake in StoneX Group by 3.2% during the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock valued at $403,000 after purchasing an additional 125 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in StoneX Group by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock worth $649,000 after acquiring an additional 144 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of StoneX Group by 5.8% during the fourth quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock valued at $285,000 after purchasing an additional 163 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of StoneX Group by 0.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 24,727 shares of the company’s stock valued at $2,352,000 after purchasing an additional 167 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Performance

NASDAQ:SNEX opened at $68.64 on Monday. The stock has a 50-day simple moving average of $74.90 and a two-hundred day simple moving average of $74.09. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The firm has a market capitalization of $8.28 billion, a PE ratio of 16.39 and a beta of 0.66. StoneX Group Inc. has a 52-week low of $36.45 and a 52-week high of $94.66.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The firm had revenue of $39.71 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Analysts forecast that StoneX Group Inc. will post 4.35 EPS for the current year.

Insider Transactions at StoneX Group

In other news, insider Mark Lowry Maurer sold 52,648 shares of StoneX Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $66.25, for a total transaction of $3,487,930.00. Following the completion of the sale, the insider owned 236,964 shares of the company’s stock, valued at approximately $15,698,865. The trade was a 18.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Abigail H. Perkins sold 4,500 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $64.81, for a total value of $291,645.00. Following the sale, the insider directly owned 96,663 shares in the company, valued at $6,264,729.03. This trade represents a 4.45% 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 sold 1,002,340 shares of company stock worth $79,453,640. 11.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, StoneX Group has a consensus rating of “Buy” and an average price target of $112.00.

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.