StoneX Group (NASDAQ:SNEX) Upgraded at Wall Street Zen

StoneX Group (NASDAQ:SNEX) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Other equities research analysts also recently issued research reports about the company. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. William Blair reiterated an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Finally, Jefferies Financial Group increased their target price 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. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, StoneX Group currently has a consensus rating of “Buy” and an average target price of $122.00.

StoneX Group Stock Performance

SNEX opened at $84.36 on Friday. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 18.89 and a beta of 0.42. StoneX Group has a 12-month low of $43.33 and a 12-month high of $88.38. The business has a 50 day moving average of $109.63 and a 200-day moving average of $100.98. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities research analysts expect that StoneX Group will post 8.7 earnings per share for the current year.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, insider Mark Lowry Maurer sold 40,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $124.88, for a total value of $4,995,200.00. Following the transaction, the insider owned 90,331 shares of the company’s stock, valued at approximately $11,280,535.28. The trade was a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Annabelle G. Bexiga sold 1,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $106.54, for a total value of $106,540.00. Following the completion of the transaction, the director owned 16,459 shares of the company’s stock, valued at $1,753,541.86. This trade represents a 5.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,125 shares of company stock valued at $14,983,688 in the last ninety days. 11.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in StoneX Group by 2,109.1% in the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of 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 purchasing an additional 248 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of StoneX Group by 1,100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after purchasing an additional 242 shares during the period. AlphaQuest LLC lifted its stake in StoneX Group by 28,000.0% in the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in StoneX Group during the third quarter valued at $37,000. Institutional investors own 75.93% of the company’s stock.

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.