Public Employees Retirement System of Ohio Boosts Stake in StoneX Group Inc. $SNEX

Public Employees Retirement System of Ohio lifted its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 37.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722 shares of the company’s stock after buying an additional 198 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in StoneX Group were worth $66,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of StoneX Group in the first quarter valued at approximately $251,000. Wealth Enhancement Advisory Services LLC raised its holdings in StoneX Group by 51.7% during the first 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 last quarter. Crossmark Global Holdings Inc. raised its holdings in StoneX Group by 49.7% during the first 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 last quarter. Punch & Associates Investment Management Inc. raised its holdings in StoneX Group by 8.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 843,524 shares of the company’s stock worth $64,428,000 after purchasing an additional 67,747 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in StoneX Group by 55.1% during the first 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 last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNEX has been the subject of several research reports. Zacks Research raised StoneX Group to a “strong-buy” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, StoneX Group has an average rating of “Buy”.

Insider Buying and Selling

In related news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the transaction, the director directly owned 115,749 shares in the company, valued at approximately $11,111,904. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.70% of the company’s stock.

StoneX Group Stock Performance

StoneX Group stock opened at $97.97 on Wednesday. The firm has a market capitalization of $5.11 billion, a P/E ratio of 16.69 and a beta of 0.51. The stock has a fifty day moving average price of $96.73 and a 200 day moving average price of $89.75. StoneX Group Inc. has a 52 week low of $55.68 and a 52 week high of $106.98. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30.

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

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.