10,623 StoneX Group Inc. $SNEX Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 53.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,548 shares of the company’s stock after purchasing an additional 10,623 shares during the period. Yousif Capital Management LLC’s holdings in StoneX Group were worth $1,975,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of StoneX Group in the 2nd quarter worth approximately $1,343,877,000. Wasatch Advisors LP bought a new position in StoneX Group during the 2nd quarter valued at approximately $139,730,000. Dimensional Fund Advisors LP increased its position in StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after buying an additional 704,493 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new position in StoneX Group during the second quarter valued at $82,250,000. Finally, Bank of America Corp DE purchased a new position in StoneX Group during the second quarter valued at $51,370,000. 75.93% of the stock is owned by institutional investors.

Insider Activity at StoneX Group

In other StoneX Group news, insider Diego Rotsztain sold 20,298 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $67.13, for a total value of $1,362,604.74. Following the completion of the transaction, the insider owned 34,870 shares of the company’s stock, valued at approximately $2,340,823.10. The trade was a 36.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean O’Connor sold 76,148 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $60.35, for a total transaction of $4,595,531.80. Following the transaction, the chairman owned 1,831,799 shares in the company, valued at $110,549,069.65. This represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 548,205 shares of company stock valued at $35,532,883 over the last three months. 11.79% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings lowered StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, StoneX Group has a consensus rating of “Hold” and an average price target of $112.00.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $56.04 on Thursday. The firm has a market cap of $6.76 billion, a P/E ratio of 13.38 and a beta of 0.62. StoneX Group Inc. has a twelve month low of $36.45 and a twelve month high of $94.66. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $64.71 and a 200 day moving average of $71.82.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. The business had revenue of $39.71 billion for the quarter, compared to the consensus estimate of $1.32 billion. As a group, research analysts expect that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

StoneX Group Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX’s services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.