Creative Planning Purchases 5,838 Shares of StoneX Group Inc. $SNEX

Creative Planning grew its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 35.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,335 shares of the company’s stock after purchasing an additional 5,838 shares during the quarter. Creative Planning’s holdings in StoneX Group were worth $2,036,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. CWM LLC grew its holdings in StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company’s stock valued at $62,000 after buying an additional 355 shares during the last quarter. IFP Advisors Inc grew its stake in shares of StoneX Group by 74,100.0% in the first quarter. IFP Advisors Inc now owns 742 shares of the company’s stock worth $57,000 after acquiring an additional 741 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in StoneX Group during the first quarter worth $928,000. KLP Kapitalforvaltning AS raised its stake in StoneX Group by 50.0% during the 1st quarter. KLP Kapitalforvaltning AS now owns 8,850 shares of the company’s stock valued at $676,000 after purchasing an additional 2,950 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in StoneX Group by 179.8% during the 1st quarter. Cetera Investment Advisers now owns 15,940 shares of the company’s stock valued at $1,217,000 after purchasing an additional 10,244 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Stock Up 6.1%

SNEX opened at $89.12 on Wednesday. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 15.18 and a beta of 0.51. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. The firm’s 50-day simple moving average is $94.30 and its 200-day simple moving average is $92.74. StoneX Group Inc. has a twelve month low of $60.58 and a twelve month high of $106.98.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Monday, November 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). The firm had revenue of $782.70 million during the quarter, compared to analyst estimates of $1.04 billion. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. During the same quarter last year, the firm earned $2.32 earnings per share. Equities research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $91.20, for a total transaction of $102,600.00. Following the sale, the director directly owned 114,769 shares in the company, valued at $10,466,932.80. This represents a 0.97% decrease in their position. 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 insiders.

Analysts Set New Price Targets

SNEX has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of StoneX Group in a research report on Wednesday, November 19th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, StoneX Group presently has an average rating of “Moderate Buy”.

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.