StoneX Group Inc. $SNEX Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its stake in StoneX Group Inc. by 18.3%, selling 14,548 shares during the first quarter, leaving it with approximately 65,118 shares valued at $4.97 million.
• In addition to AQR's sale, other institutions like Wealth Enhancement Advisory Services LLC and Bank of New York Mellon Corp increased their holdings in StoneX Group, indicating significant institutional interest.
• Despite a positive upgrade to a "strong-buy" rating from Zacks Research, StoneX's stock has recently seen a decline of 1.9%, trading at $96.60 amidst mixed earnings results.

AQR Capital Management LLC cut its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 18.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,118 shares of the company's stock after selling 14,548 shares during the period. AQR Capital Management LLC owned approximately 0.13% of StoneX Group worth $4,974,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SNEX. Ridgewood Investments LLC lifted its stake in StoneX Group by 50.0% in 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. Focus Partners Wealth lifted its stake in StoneX Group by 2.1% in the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after purchasing an additional 164 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in StoneX Group by 25.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 821 shares of the company's stock worth $62,000 after purchasing an additional 165 shares in the last quarter. Hohimer Wealth Management LLC lifted its stake in StoneX Group by 4.5% in the 1st quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company's stock worth $543,000 after purchasing an additional 306 shares in the last quarter. Finally, CWM LLC lifted its stake in StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after purchasing an additional 355 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Trading Up 1.8%

NASDAQ SNEX traded up $1.68 on Thursday, reaching $95.93. The stock had a trading volume of 671,000 shares, compared to its average volume of 458,962. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 16.34 and a beta of 0.56. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. StoneX Group Inc. has a 12-month low of $53.21 and a 12-month high of $106.98. The stock has a fifty day moving average price of $95.60 and a two-hundred day moving average price of $87.68.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. As a group, sell-side analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, StoneX Group currently has an average rating of "Strong Buy".

Insider Activity at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the transaction, the director owned 115,749 shares in the company, valued at approximately $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.70% of the company's stock.

StoneX Group Company Profile

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.