StoneX Group Inc. $SNEX Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,450 shares of the company’s stock after buying an additional 600 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in StoneX Group were worth $861,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ridgewood Investments LLC lifted its holdings in shares of StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock valued at $34,000 after buying an additional 150 shares during the period. Simplex Trading LLC acquired a new stake in shares of StoneX Group in the 1st quarter valued at approximately $47,000. Public Employees Retirement System of Ohio lifted its holdings in shares of StoneX Group by 37.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 722 shares of the company’s stock valued at $66,000 after buying an additional 198 shares during the period. GAMMA Investing LLC lifted its holdings in shares of StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after buying an additional 357 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company’s stock valued at $57,000 after buying an additional 741 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNEX has been the subject of several recent analyst reports. Weiss Ratings raised StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

StoneX Group Stock Performance

NASDAQ SNEX opened at $103.54 on Thursday. StoneX Group Inc. has a 1-year low of $55.85 and a 1-year high of $106.98. The company has a market capitalization of $5.40 billion, a P/E ratio of 17.64 and a beta of 0.51. The business has a 50 day moving average price of $97.25 and a 200 day moving average price of $90.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data 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 firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $923.10 million. Sell-side analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity

In related news, Director John Moore Fowler sold 1,125 shares of the stock in a transaction on Friday, August 1st. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is owned by corporate insiders.

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.