Ancora Advisors LLC Invests $2.34 Million in StoneX Group Inc. $SNEX

Key Points

• Ancora Advisors acquired 19,765 StoneX shares during the second quarter, valued at approximately $2.34 million. Institutional investors collectively own 75.93% of SNEX.
• StoneX insiders have been significant sellers, with executives selling 1.002 million shares worth about $79.5 million over the past three months, including sizable sales by the CFO and chairman.
• StoneX reported quarterly EPS of $1.00, beating estimates of $0.86, while shares opened at $69.24. Analysts maintain a consensus “Buy” rating with an average price target of $112.

Ancora Advisors LLC acquired a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,765 shares of the company's stock, valued at approximately $2,342,000.

A number of other institutional investors have also modified their holdings of SNEX. Lido Advisors LLC lifted its stake in shares of StoneX Group by 3.2% during the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company's stock worth $403,000 after purchasing an additional 125 shares in the last quarter. Maryland State Retirement & Pension System grew its position in shares of StoneX Group by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company's stock worth $649,000 after acquiring an additional 144 shares in the last quarter. Sterling Capital Management LLC increased its stake in StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of StoneX Group by 5.8% during the 4th quarter. Corient Private Wealth LLC now owns 2,993 shares of the company's stock valued at $285,000 after buying an additional 163 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of StoneX Group by 0.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 24,727 shares of the company's stock valued at $2,352,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Insiders Place Their Bets

In other StoneX Group news, CFO William J. Dunaway sold 96,490 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $66.35, for a total value of $6,402,111.50. Following the transaction, the chief financial officer owned 502,203 shares in the company, valued at approximately $33,321,169.05. This represents a 16.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean Michael Oconnor sold 112,500 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $90.28, for a total transaction of $10,156,500.00. Following the completion of the transaction, the chairman directly owned 1,630,381 shares in the company, valued at $147,190,796.68. This trade represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,002,340 shares of company stock worth $79,453,640. 11.79% of the stock is owned by corporate insiders.

StoneX Group Trading Down 0.6%

StoneX Group stock opened at $69.24 on Thursday. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The stock has a market capitalization of $8.35 billion, a PE ratio of 16.53 and a beta of 0.66. The firm has a 50 day simple moving average of $75.87 and a 200-day simple moving average of $74.28. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The firm had revenue of $718.00 million during the quarter, compared to analysts' expectations of $1.32 billion. As a group, equities research analysts expect that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNEX has been the topic of several analyst reports. Zacks Research raised StoneX Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of StoneX Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of StoneX Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group cut shares of StoneX Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock 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 assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $112.00.

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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