StoneX Group Inc. $SNEX Stock Position Raised by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in StoneX Group Inc. (NASDAQ:SNEX) by 1,708.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,823 shares of the company’s stock after buying an additional 68,796 shares during the quarter. Commonwealth Equity Services LLC owned about 0.14% of StoneX Group worth $7,349,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its stake in StoneX Group by 18,940.0% in the third quarter. Global Retirement Partners LLC now owns 6,664 shares of the company’s stock valued at $673,000 after acquiring an additional 6,629 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of StoneX Group in the 3rd quarter valued at $37,000. Dupont Capital Management Corp bought a new stake in StoneX Group in the third quarter worth $773,000. Hennessy Advisors Inc. boosted its holdings in StoneX Group by 383.8% in the third quarter. Hennessy Advisors Inc. now owns 542,800 shares of the company’s stock worth $54,779,000 after purchasing an additional 430,600 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in StoneX Group by 11.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 157,033 shares of the company’s stock worth $15,885,000 after buying an additional 16,400 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

StoneX Group Price Performance

NASDAQ SNEX opened at $103.14 on Wednesday. StoneX Group Inc. has a twelve month low of $65.00 and a twelve month high of $106.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.35 and a current ratio of 1.72. The stock has a market capitalization of $5.39 billion, a PE ratio of 17.50 and a beta of 0.46. The stock has a 50-day simple moving average of $93.89 and a 200 day simple moving average of $95.33.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). The business had revenue of $1.32 billion 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 15.27%. During the same period last year, the business earned $2.32 EPS. Research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SNEX shares. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Insider Transactions at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $91.20, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John Radziwill purchased 1,000 shares of StoneX Group stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of $97.25 per share, with a total value of $97,250.00. Following the completion of the acquisition, the chairman owned 101,596 shares in the company, valued at approximately $9,880,211. This trade represents a 0.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 6,979 shares of company stock worth $659,070. Insiders own 11.70% of the company’s stock.

StoneX Group 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.