StoneX Group (NASDAQ:SNEX) Price Target Raised to $122.00 at Jefferies Financial Group

StoneX Group (NASDAQ:SNEX) had its price objective upped by Jefferies Financial Group from $99.00 to $122.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, StoneX Group currently has an average rating of “Moderate Buy” and an average price target of $122.00.

StoneX Group Stock Up 1.4%

StoneX Group stock opened at $113.80 on Monday. The company has a 50 day moving average of $99.90 and a 200-day moving average of $96.83. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 1.56. StoneX Group has a twelve month low of $65.00 and a twelve month high of $115.18. The stock has a market capitalization of $5.96 billion, a PE ratio of 19.31 and a beta of 0.46.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Monday, November 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.01). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $2.32 earnings per share. On average, equities research analysts anticipate that StoneX Group will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman John Radziwill purchased 1,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were purchased at an average price of $97.25 per share, with a total value of $97,250.00. Following the transaction, the chairman directly owned 101,596 shares of the company’s stock, valued at $9,880,211. This trade represents a 0.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Diego Rotsztain sold 2,477 shares of the company’s stock in a transaction 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 directly owned 17,527 shares in the company, valued at $1,663,487.57. This trade represents a 12.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 5,854 shares of company stock valued at $556,470. Corporate insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNEX. Vanguard Group Inc. increased its holdings in shares of StoneX Group by 34.3% during the third quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company’s stock worth $405,729,000 after purchasing an additional 1,027,489 shares during the period. Hennessy Advisors Inc. raised its holdings in StoneX Group by 383.8% in the 3rd quarter. Hennessy Advisors Inc. now owns 542,800 shares of the company’s stock valued at $54,779,000 after acquiring an additional 430,600 shares in the last quarter. American Century Companies Inc. raised its holdings in StoneX Group by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 2,352,849 shares of the company’s stock valued at $214,439,000 after acquiring an additional 389,132 shares in the last quarter. Goldentree Asset Management LP bought a new stake in shares of StoneX Group during the 2nd quarter valued at $32,482,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of StoneX Group by 71.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,325 shares of the company’s stock worth $55,807,000 after purchasing an additional 256,081 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

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.