86,412 StoneX Group Inc. $SNEX Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its stake in StoneX Group Inc. (NASDAQ:SNEX) by 43.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287,316 shares of the company’s stock after acquiring an additional 86,412 shares during the quarter. StoneX Group makes up approximately 0.7% of Motley Fool Asset Management LLC’s investment portfolio, making the stock its 25th largest position. Motley Fool Asset Management LLC’s holdings in StoneX Group were worth $18,572,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SNEX. Rakuten Securities Inc. bought a new stake in shares of StoneX Group during the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in StoneX Group during the 3rd quarter worth approximately $31,000. Fortitude Family Office LLC lifted its stake in StoneX Group by 1,175.0% in the 3rd quarter. Fortitude Family Office LLC now owns 510 shares of the company’s stock valued at $33,000 after purchasing an additional 470 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in StoneX Group in the 1st quarter valued at approximately $34,000. Finally, Sterling Capital Management LLC boosted its position in 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 buying an additional 156 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at StoneX Group

In other news, insider Diego Rotsztain sold 30,327 shares of StoneX Group stock in a transaction on Monday, September 14th. The shares were sold at an average price of $68.83, for a total transaction of $2,087,407.41. Following the transaction, the insider owned 55,168 shares in the company, valued at approximately $3,797,213.44. The trade was a 35.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Smith sold 56,250 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $65.69, for a total transaction of $3,695,062.50. Following the completion of the sale, the chief executive officer directly owned 738,216 shares in the company, valued at approximately $48,493,409.04. This represents a 7.08% 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. Insiders have sold 548,205 shares of company stock valued at $35,532,883 in the last quarter. Insiders own 11.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SNEX shares. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Finally, Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $123.00 to $112.00 in a report on Monday, July 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, StoneX Group has an average rating of “Hold” and a consensus target price of $112.00.

StoneX Group Stock Down 0.2%

NASDAQ:SNEX opened at $56.04 on Thursday. The firm’s 50 day simple moving average is $64.71 and its 200 day simple moving average is $71.82. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. StoneX Group Inc. has a one year low of $36.45 and a one year high of $94.66. The company has a market cap of $6.76 billion, a PE ratio of 13.38 and a beta of 0.62.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.32 billion. On average, research analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current 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.