StoneX Group (NASDAQ:SNEX) Stock Rating Upgraded by Wall Street Zen

StoneX Group (NASDAQ:SNEX) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. Jefferies Financial Group upped their price target on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, StoneX Group has an average rating of “Moderate Buy” and an average target price of $122.00.

StoneX Group Stock Up 6.2%

StoneX Group stock opened at $120.54 on Friday. StoneX Group has a 52 week low of $65.00 and a 52 week high of $126.24. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 17.99 and a beta of 0.45. The company’s 50-day moving average price is $101.96 and its two-hundred day moving average price is $97.41. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 1.34.

Shares of StoneX Group are set to split before the market opens on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The firm had revenue of $724.00 million during the quarter, compared to analyst estimates of $1.24 billion. On average, analysts expect that StoneX Group will post 8.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman John Radziwill acquired 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 purchase, the chairman owned 101,596 shares of the company’s stock, valued at $9,880,211. This represents a 0.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Diego Rotsztain sold 2,029 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $94.50, for a total transaction of $191,740.50. Following the completion of the transaction, the insider owned 15,498 shares of the company’s stock, valued at approximately $1,464,561. The trade was a 11.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,979 shares of company stock worth $683,257. Company insiders own 11.79% of the company’s stock.

Institutional Trading of StoneX Group

Large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in shares of StoneX Group by 2,109.1% in the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock worth $25,000 after buying an additional 232 shares during the period. Cornerstone Planning Group LLC lifted its stake in StoneX Group by 4,133.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after acquiring an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after acquiring an additional 242 shares during the period. AlphaQuest LLC grew its stake in StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after acquiring an additional 280 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of StoneX Group in the 3rd quarter valued at about $37,000. 75.93% of the stock is owned by institutional investors and hedge funds.

About StoneX Group

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.