UBS Group AG Sells 62,561 Shares of StoneX Group Inc. $SNEX

UBS Group AG lessened its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 25.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,050 shares of the company’s stock after selling 62,561 shares during the period. UBS Group AG’s holdings in StoneX Group were worth $17,414,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Harbor Wealth Advisors Inc. bought a new position in StoneX Group during the 3rd quarter worth $5,944,000. Commonwealth Equity Services LLC increased its stake in StoneX Group by 1,708.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 72,823 shares of the company’s stock worth $7,349,000 after acquiring an additional 68,796 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in StoneX Group by 551.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,724 shares of the company’s stock worth $3,202,000 after acquiring an additional 26,855 shares during the period. Hiddenite Capital Partners LP increased its stake in StoneX Group by 81.4% during the 3rd quarter. Hiddenite Capital Partners LP now owns 88,926 shares of the company’s stock worth $8,974,000 after acquiring an additional 39,915 shares during the period. Finally, Axecap Investments LLC bought a new position in StoneX Group during the 3rd quarter worth $1,251,000. Institutional investors own 75.93% of the company’s stock.

StoneX Group Stock Down 4.1%

Shares of NASDAQ:SNEX opened at $116.81 on Wednesday. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 20.87 and a beta of 0.64. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.33. The business’s 50-day moving average is $101.11 and its 200-day moving average is $101.99. StoneX Group Inc. has a 1 year low of $53.52 and a 1 year high of $125.42.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.47. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%.The business had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. Equities research analysts predict that StoneX Group Inc. will post 6 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other StoneX Group news, Director Annabelle G. Bexiga sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $101.91, for a total transaction of $152,865.00. Following the completion of the sale, the director directly owned 23,188 shares of the company’s stock, valued at approximately $2,363,089.08. The trade was a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Moore Fowler sold 1,050 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $106.25, for a total value of $111,562.50. Following the sale, the director directly owned 171,246 shares of the company’s stock, valued at $18,194,887.50. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 44,050 shares of company stock worth $4,459,878. Company insiders own 11.79% of the company’s stock.

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.