95,200 Shares in StoneX Group Inc. $SNEX Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc acquired 95,200 shares of StoneX Group Inc. for approximately $8.7 million in the second quarter, representing a 0.19% ownership stake following their SEC filing.
• StoneX Group's quarterly earnings report showed an EPS of $1.22, falling short of the $1.39 consensus estimate, while revenue exceeded expectations at $1.02 billion.
• Analysts have mixed views on the stock, with Weiss Ratings upgrading it to a "buy" while Zacks downgraded it to a "hold", giving it a consensus rating of "Moderate Buy."

TD Asset Management Inc bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 95,200 shares of the company's stock, valued at approximately $8,677,000. TD Asset Management Inc owned approximately 0.19% of StoneX Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Ridgewood Investments LLC increased its stake in StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in StoneX Group by 25.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 821 shares of the company's stock worth $62,000 after acquiring an additional 165 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in StoneX Group by 1.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 15,624 shares of the company's stock worth $1,424,000 after acquiring an additional 177 shares during the last quarter. Sheets Smith Wealth Management boosted its position in StoneX Group by 2.1% during the 2nd quarter. Sheets Smith Wealth Management now owns 8,802 shares of the company's stock worth $802,000 after acquiring an additional 180 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in StoneX Group by 1.5% during the 2nd quarter. Maryland State Retirement & Pension System now owns 12,795 shares of the company's stock worth $1,166,000 after acquiring an additional 187 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Activity at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of the 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 completion of the sale, the director owned 115,749 shares of the company's stock, valued at approximately $11,111,904. This represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.70% of the company's stock.

StoneX Group Trading Up 0.1%

NASDAQ SNEX opened at $100.27 on Monday. The company has a market cap of $5.23 billion, a PE ratio of 17.08 and a beta of 0.51. 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 Inc. has a 12 month low of $55.85 and a 12 month high of $106.98. The stock has a 50 day moving average of $97.73 and a 200-day moving average of $91.03.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Zacks Research downgraded StoneX Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

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.

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