StoneX Group Inc. $SNEX Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,816 shares of the company’s stock after buying an additional 194 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in StoneX Group were worth $733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNEX. GAMMA Investing LLC grew its position in shares of StoneX Group by 14,620.5% in the first quarter. GAMMA Investing LLC now owns 56,674 shares of the company’s stock valued at $4,329,000 after purchasing an additional 56,289 shares during the period. Rhumbline Advisers grew its position in shares of StoneX Group by 45.9% in the first quarter. Rhumbline Advisers now owns 129,081 shares of the company’s stock valued at $9,860,000 after purchasing an additional 40,603 shares during the period. Millington Financial Advisors LLC grew its position in shares of StoneX Group by 50.4% in the first quarter. Millington Financial Advisors LLC now owns 34,323 shares of the company’s stock valued at $2,593,000 after purchasing an additional 11,500 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of StoneX Group by 24.1% in the first quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company’s stock valued at $30,163,000 after purchasing an additional 76,778 shares during the period. Finally, Yousif Capital Management LLC grew its position in shares of StoneX Group by 49.8% in the first quarter. Yousif Capital Management LLC now owns 16,045 shares of the company’s stock valued at $1,226,000 after purchasing an additional 5,335 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Price Performance

Shares of SNEX stock opened at $101.05 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The firm’s 50-day moving average is $96.59 and its two-hundred day moving average is $89.40. StoneX Group Inc. has a 12 month low of $54.60 and a 12 month high of $106.98. The company has a market capitalization of $5.27 billion, a PE ratio of 17.21 and a beta of 0.51.

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

Insider Activity

In related news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred 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 completion of the transaction, the director owned 115,749 shares in the company, valued at approximately $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a research report on Saturday, September 27th. Zacks Research upgraded shares of StoneX Group to a “strong-buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

StoneX Group Company 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.