AQR Capital Management LLC Sells 14,548 Shares of StoneX Group Inc. $SNEX

AQR Capital Management LLC trimmed its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 18.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,118 shares of the company’s stock after selling 14,548 shares during the quarter. AQR Capital Management LLC owned approximately 0.13% of StoneX Group worth $4,974,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in StoneX Group in the 1st quarter worth approximately $251,000. Wealth Enhancement Advisory Services LLC boosted its stake in StoneX Group by 51.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company’s stock worth $582,000 after purchasing an additional 2,598 shares during the period. Crossmark Global Holdings Inc. boosted its stake in StoneX Group by 49.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company’s stock worth $256,000 after purchasing an additional 1,112 shares during the period. Illinois Municipal Retirement Fund boosted its stake in StoneX Group by 55.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company’s stock worth $1,804,000 after purchasing an additional 8,390 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in StoneX Group by 47.2% in the 1st quarter. Bank of New York Mellon Corp now owns 287,633 shares of the company’s stock worth $21,969,000 after purchasing an additional 92,293 shares during the period. 75.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at StoneX Group

In related news, insider Abigail H. Perkins sold 10,470 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $86.22, for a total transaction of $902,723.40. Following the sale, the insider owned 43,913 shares in the company, valued at approximately $3,786,178.86. This represents a 19.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the sale, the director owned 115,749 shares in the company, valued at $11,111,904. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded StoneX Group to a “strong-buy” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

StoneX Group Stock Down 1.9%

NASDAQ SNEX opened at $96.60 on Friday. The stock has a 50 day moving average price of $95.70 and a 200-day moving average price of $87.30. StoneX Group Inc. has a one year low of $52.71 and a one year high of $106.98. The company has a market capitalization of $5.04 billion, a P/E ratio of 16.46 and a beta of 0.56. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $923.10 million. As a group, equities analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

StoneX Group Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The 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.