Jacobs Levy Equity Management Inc. Sells 28,694 Shares of StoneX Group Inc. $SNEX

Jacobs Levy Equity Management Inc. trimmed its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 77.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,455 shares of the company’s stock after selling 28,694 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in StoneX Group were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Hancock Whitney Corp increased its stake in shares of StoneX Group by 71.7% in the 1st quarter. Hancock Whitney Corp now owns 5,233 shares of the company’s stock worth $400,000 after acquiring an additional 2,186 shares in the last quarter. Cove Street Capital LLC increased its stake in shares of StoneX Group by 33.9% in the 1st quarter. Cove Street Capital LLC now owns 26,673 shares of the company’s stock worth $2,037,000 after acquiring an additional 6,752 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of StoneX Group by 50.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 75,292 shares of the company’s stock worth $5,751,000 after acquiring an additional 25,097 shares in the last quarter. Amundi increased its stake in shares of StoneX Group by 25.5% in the 1st quarter. Amundi now owns 17,951 shares of the company’s stock worth $1,332,000 after acquiring an additional 3,653 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in StoneX Group by 10.7% during the 1st quarter. Ancora Advisors LLC now owns 14,549 shares of the company’s stock valued at $1,111,000 after purchasing an additional 1,404 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.

Insider Transactions at StoneX Group

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

StoneX Group Stock Performance

Shares of SNEX stock opened at $96.60 on Friday. StoneX Group Inc. has a one year low of $52.71 and a one year high of $106.98. The company’s 50-day moving average is $95.70 and its 200 day moving average is $87.30. The company has a market capitalization of $5.04 billion, a price-to-earnings 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.17). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. Sell-side analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of 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 issued a Buy rating to the company. According to data from MarketBeat, StoneX Group currently has a consensus rating of “Strong Buy”.

About StoneX Group

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.