Orion Porfolio Solutions LLC Invests $1.97 Million in StoneX Group Inc. $SNEX

Orion Porfolio Solutions LLC bought a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,633 shares of the company’s stock, valued at approximately $1,972,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SNEX. Bank of Montreal Can raised its position in StoneX Group by 1.5% in the second quarter. Bank of Montreal Can now owns 8,640 shares of the company’s stock worth $787,000 after acquiring an additional 128 shares during the period. PNC Financial Services Group Inc. raised its holdings in StoneX Group by 1.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,047 shares of the company’s stock worth $1,007,000 after purchasing an additional 137 shares during the period. Amalgamated Bank lifted its position in StoneX Group by 1.2% during the second quarter. Amalgamated Bank now owns 12,329 shares of the company’s stock valued at $1,124,000 after purchasing an additional 150 shares in the last quarter. MRP Capital Investments LLC lifted its position in StoneX Group by 0.6% during the second quarter. MRP Capital Investments LLC now owns 25,530 shares of the company’s stock valued at $2,327,000 after purchasing an additional 155 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in StoneX Group by 25.2% during the first quarter. Smartleaf Asset Management LLC now owns 821 shares of the company’s stock valued at $62,000 after purchasing an additional 165 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on SNEX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 15th. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

StoneX Group Stock Performance

NASDAQ:SNEX opened at $95.71 on Friday. The stock has a 50-day moving average price of $92.88 and a 200 day moving average price of $93.63. The stock has a market capitalization of $5.00 billion, a P/E ratio of 16.24 and a beta of 0.44. StoneX Group Inc. has a 12-month low of $61.32 and a 12-month high of $106.98. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 1.56.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company earned $2.32 earnings per share. Equities research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman John Radziwill acquired 1,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of $97.25 per share, with a total value of $97,250.00. Following the acquisition, the chairman directly owned 101,596 shares of the company’s stock, valued at approximately $9,880,211. This trade represents a 0.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $91.20, for a total value of $102,600.00. Following the transaction, the director owned 114,769 shares of the company’s stock, valued at approximately $10,466,932.80. The trade was a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,950 shares of company stock worth $467,329. 11.70% of the stock is owned by insiders.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.