StoneX Group (NASDAQ:SNEX) Upgraded to Hold by Zacks Investment Research

StoneX Group (NASDAQ:SNEXGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, reports.

According to Zacks, “StoneX Group Inc. provides financial services. The company through its subsidiaries, offer execution, post-trade settlement, clearing and custody services. StoneX Group Inc., formerly known as INTL FCStone headquartered in New York City. “

StoneX Group stock opened at $71.61 on Thursday. The stock has a market cap of $1.45 billion, a P/E ratio of 9.97 and a beta of 1.07. StoneX Group has a fifty-two week low of $52.31 and a fifty-two week high of $77.50. The company has a debt-to-equity ratio of 6.38, a quick ratio of 1.35 and a current ratio of 1.52. The firm’s fifty day moving average price is $72.76 and its 200-day moving average price is $68.96.

StoneX Group (NASDAQ:SNEXGet Rating) last issued its earnings results on Monday, February 7th. The company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.91. The business had revenue of $450.50 million during the quarter, compared to analysts’ expectations of $425.80 million. StoneX Group had a net margin of 0.28% and a return on equity of 16.30%. During the same period in the previous year, the company earned $0.98 earnings per share. On average, analysts predict that StoneX Group will post 6.58 earnings per share for the current year.

In other StoneX Group news, CEO Philip Andrew Smith sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 14th. The shares were sold at an average price of $73.48, for a total transaction of $440,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Diego Rotsztain purchased 750 shares of the company’s stock in a transaction that occurred on Tuesday, March 8th. The stock was bought at an average cost of $66.24 per share, for a total transaction of $49,680.00. The disclosure for this purchase can be found here. 15.98% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. AltraVue Capital LLC raised its position in StoneX Group by 22.9% in the fourth quarter. AltraVue Capital LLC now owns 911,096 shares of the company’s stock worth $55,805,000 after acquiring an additional 169,645 shares in the last quarter. BlackRock Inc. raised its holdings in shares of StoneX Group by 5.7% during the 4th quarter. BlackRock Inc. now owns 2,799,930 shares of the company’s stock valued at $171,497,000 after buying an additional 149,894 shares during the period. State Street Corp grew its stake in StoneX Group by 14.2% during the 4th quarter. State Street Corp now owns 612,076 shares of the company’s stock valued at $37,490,000 after purchasing an additional 76,138 shares in the last quarter. Invenomic Capital Management LP purchased a new position in shares of StoneX Group during the 4th quarter valued at approximately $2,500,000. Finally, Manatuck Hill Partners LLC raised its position in shares of StoneX Group by 115.8% during the 3rd quarter. Manatuck Hill Partners LLC now owns 65,600 shares of the company’s stock valued at $4,323,000 after acquiring an additional 35,200 shares in the last quarter. Institutional investors and hedge funds own 73.37% of the company’s stock.

About StoneX Group (Get Rating)

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.

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