B. Metzler seel. Sohn & Co. AG Buys Shares of 25,984 StoneX Group Inc. $SNEX

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,984 shares of the company's stock, valued at approximately $3,079,000.

Several other large investors have also bought and sold shares of SNEX. Rakuten Securities Inc. bought a new stake in shares of StoneX Group during the 2nd quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of StoneX Group in the 2nd quarter valued at $42,000. Silvant Capital Management LLC acquired a new stake in shares of StoneX Group during the 2nd quarter valued at $43,000. Cassaday & Co Wealth Management LLC bought a new stake in StoneX Group during the 1st quarter worth $34,000. Finally, Transamerica Financial Advisors LLC grew its position in StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company's stock worth $41,000 after acquiring an additional 280 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SNEX has been the subject of several analyst reports. Zacks Research raised shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research note 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 "hold (c+)" rating in a research report on Friday, August 28th. Finally, Jefferies Financial Group lowered StoneX Group from a "buy" rating to a "hold" rating and cut their target price for the company from $123.00 to $112.00 in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

Insider Buying and Selling

In related news, insider Abigail Perkins sold 4,500 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $64.81, for a total value of $291,645.00. Following the sale, the insider directly owned 96,663 shares in the company, valued at approximately $6,264,729.03. The trade was a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Fowler sold 1,575 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $75.41, for a total transaction of $118,770.75. Following the completion of the sale, the director directly owned 255,271 shares in the company, valued at approximately $19,249,986.11. This trade represents a 0.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,002,340 shares of company stock worth $79,453,640 in the last quarter. 11.79% of the stock is currently owned by company insiders.

StoneX Group Stock Down 0.1%

Shares of NASDAQ:SNEX opened at $69.46 on Friday. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66. The company has a market capitalization of $8.38 billion, a PE ratio of 16.58 and a beta of 0.63. The business has a fifty day moving average price of $72.60 and a two-hundred day moving average price of $73.61. 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 quarterly 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 company had revenue of $39.71 billion for the quarter, compared to the consensus estimate of $1.32 billion. Analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

StoneX Group Company 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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