Csenge Advisory Group Invests $1.74 Million in StoneX Group Inc. $SNEX

Csenge Advisory Group purchased a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,263 shares of the company’s stock, valued at approximately $1,742,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC increased its stake in StoneX Group by 73.6% during the third quarter. Concurrent Investment Advisors LLC now owns 9,497 shares of the company’s stock worth $958,000 after acquiring an additional 4,026 shares during the last quarter. Vicus Capital acquired a new stake in shares of StoneX Group during the 3rd quarter worth about $296,000. Oregon Public Employees Retirement Fund increased its position in shares of StoneX Group by 4.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 10,457 shares of the company’s stock worth $1,055,000 after purchasing an additional 453 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in StoneX Group by 35.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 612 shares of the company’s stock valued at $62,000 after buying an additional 159 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in StoneX Group in the third quarter valued at about $220,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the completion of the transaction, the director owned 114,769 shares in the company, valued at approximately $10,466,932.80. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Diego Rotsztain sold 2,477 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $94.91, for a total transaction of $235,092.07. Following the sale, the insider owned 17,527 shares in the company, valued at $1,663,487.57. The trade was a 12.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,979 shares of company stock valued at $659,070 in the last three months. 11.70% of the stock is owned by corporate insiders.

StoneX Group Price Performance

Shares of SNEX opened at $108.30 on Friday. The company has a market cap of $5.66 billion, a P/E ratio of 18.38 and a beta of 0.46. StoneX Group Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $110.54. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 1.56. The firm’s 50 day moving average price is $94.99 and its 200 day moving average price is $95.59.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.57 EPS 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 analyst estimates of $1.04 billion. During the same quarter last year, the firm earned $2.32 EPS. On average, research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNEX has been the topic of a number of research analyst reports. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.