Algert Global LLC Invests $3.30 Million in StoneX Group Inc. $SNEX

Algert Global LLC purchased a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,830 shares of the company's stock, valued at approximately $3,298,000.

A number of other hedge funds have also recently bought and sold shares of SNEX. Rakuten Securities Inc. bought a new stake in shares of StoneX Group in the 2nd quarter worth about $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of StoneX Group in the 1st quarter valued at about $34,000. Sterling Capital Management LLC lifted its position in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock worth $38,000 after purchasing an additional 156 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company's stock worth $41,000 after purchasing an additional 280 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC grew its stake in StoneX Group by 49.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company's stock worth $41,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research raised StoneX Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Wall Street Zen downgraded StoneX Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings lowered StoneX Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group downgraded StoneX Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $123.00 to $112.00 in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $112.00.

StoneX Group Trading Up 0.4%

Shares of NASDAQ SNEX opened at $68.64 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 16.39 and a beta of 0.66. The business has a fifty day simple moving average of $74.90 and a 200-day simple moving average of $74.15.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.14. The firm had revenue of $39.71 billion during the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Sell-side analysts predict that StoneX Group Inc. will post 4.35 EPS for the current year.

Insiders Place Their Bets

In related news, insider Mark Lowry Maurer sold 52,648 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $66.25, for a total value of $3,487,930.00. Following the completion of the sale, the insider directly owned 236,964 shares of the company's stock, valued at approximately $15,698,865. This represents a 18.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean Michael Oconnor sold 112,500 shares of StoneX Group stock in a transaction on Monday, June 15th. The shares were sold at an average price of $90.28, for a total transaction of $10,156,500.00. Following the sale, the chairman directly owned 1,630,381 shares of the company's stock, valued at $147,190,796.68. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,002,340 shares of company stock valued at $79,453,640 over the last ninety days. Corporate insiders own 11.79% of the company's stock.

StoneX Group 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.

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