HighTower Advisors LLC Purchases New Stake in StoneX Group Inc. $SNEX

Key Points

• HighTower Advisors LLC acquired 2,797 shares of StoneX Group Inc., valued at approximately $214,000, during the 1st quarter, highlighting significant institutional interest in the company.
• StoneX Group received a "strong-buy" rating from Zacks Research, with a consensus rating of "Strong Buy" from analysts.
• Insider transactions included CEO Philip Andrew Smith selling 7,500 shares for $627,600, while Chairman John Radziwill purchased 1,400 shares, indicating mixed sentiment among company leadership.

HighTower Advisors LLC purchased a new position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,797 shares of the company's stock, valued at approximately $214,000.

Other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new position in StoneX Group during the first quarter valued at $251,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of StoneX Group by 51.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock valued at $582,000 after purchasing an additional 2,598 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in StoneX Group by 49.7% in the first quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock valued at $256,000 after buying an additional 1,112 shares during the period. Illinois Municipal Retirement Fund increased its stake in StoneX Group by 55.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock worth $1,804,000 after acquiring an additional 8,390 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in StoneX Group by 47.2% during the 1st quarter. Bank of New York Mellon Corp now owns 287,633 shares of the company's stock worth $21,969,000 after buying an additional 92,293 shares during the period. 75.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research upgraded StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat, StoneX Group presently has an average rating of "Strong Buy".

StoneX Group Price Performance

Shares of NASDAQ SNEX traded down $6.39 during mid-day trading on Monday, reaching $96.53. The company had a trading volume of 380,481 shares, compared to its average volume of 422,933. The stock has a market cap of $5.04 billion, a PE ratio of 16.44 and a beta of 0.56. The company has a 50-day moving average price of $95.28 and a two-hundred day moving average price of $86.84. StoneX Group Inc. has a 1-year low of $50.31 and a 1-year high of $106.98. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). StoneX Group had a return on equity of 16.20% and a net margin of 0.23%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. On average, equities analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Moore Fowler sold 1,125 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $96.00, for a total value of $108,000.00. Following the sale, the director owned 115,749 shares in the company, valued at $11,111,904. This represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Abigail H. Perkins sold 10,470 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the transaction, the insider owned 43,913 shares in the company, valued at $3,786,178.86. The trade was a 19.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,305 shares of company stock worth $3,859,233. Insiders own 11.70% of the company's stock.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.