B. Metzler seel. Sohn & Co. AG Purchases New Position in StoneX Group Inc. $SNEX

Key Points

• B. Metzler seel. Sohn & Co. acquired 25,984 StoneX shares worth approximately $3.08 million during the second quarter. Institutional investors now own 75.93% of SNEX, with BlackRock and Wasatch Advisors also establishing significant new positions.
• StoneX shares opened at $67.75, down 1.1%, well below their 12-month high of $94.66. The company nevertheless beat quarterly earnings expectations, reporting $1.00 in EPS versus the $0.86 analyst consensus.
• Analyst sentiment remains positive overall, with an average rating of “Buy” and a $112 price target, although Jefferies and Wall Street Zen downgraded the stock to “Hold.” Insider activity was mixed: an executive sold 52,648 shares while a director purchased 2,500 shares.

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNEX. BlackRock Inc. acquired a new stake in StoneX Group in the second quarter valued at approximately $1,343,877,000. Wasatch Advisors LP bought a new stake in StoneX Group in the second quarter worth approximately $139,730,000. Dimensional Fund Advisors LP increased its stake in shares of StoneX Group by 50.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock worth $169,976,000 after purchasing an additional 704,493 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of StoneX Group by 18.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company's stock worth $271,261,000 after purchasing an additional 439,771 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of StoneX Group during the 2nd quarter worth $51,254,000. Institutional investors own 75.93% of the company's stock.

StoneX Group Stock Down 1.1%

Shares of StoneX Group stock opened at $67.75 on Tuesday. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The stock has a 50 day moving average price of $76.62 and a two-hundred day moving average price of $74.38. The stock has a market capitalization of $8.17 billion, a P/E ratio of 16.17 and a beta of 0.66.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating 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 $718.00 million for the quarter, compared to analyst estimates of $1.32 billion. Equities analysts expect that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

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. Jefferies Financial Group downgraded shares of StoneX Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Weiss Ratings downgraded shares of StoneX Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Finally, Wall Street Zen lowered StoneX Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $112.00.

Insider Buying and Selling at StoneX Group

In related news, insider Mark Lowry Maurer sold 52,648 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $66.25, for a total value of $3,487,930.00. Following the transaction, the insider directly owned 236,964 shares in the company, valued at approximately $15,698,865. This trade represents a 18.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dhamu R. Thamodaran bought 2,500 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $64.48 per share, for a total transaction of $161,200.00. Following the acquisition, the director directly owned 75,760 shares in the company, valued at approximately $4,885,004.80. This trade represents a 3.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 1,002,340 shares of company stock worth $79,453,640 in the last quarter. 11.79% of the stock is owned by corporate insiders.

About StoneX Group

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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