Belpointe Asset Management LLC Acquires Shares of 3,052 StoneX Group Inc. $SNEX

Key Points

• Belpointe Asset Management LLC acquired 3,052 shares of StoneX Group Inc. (NASDAQ: SNEX) valued at approximately $278,000 during the 2nd quarter.
• StoneX Group reported a missed earnings estimate for the recent quarter, with an EPS of $1.22 compared to the consensus estimate of $1.39.
• The stock has seen a 3.5% drop recently, with a current price of $95.83 and a twelve-month range between $55.85 and $106.98.

Belpointe Asset Management LLC acquired a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,052 shares of the company's stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNEX. Ridgewood Investments LLC raised its stake in StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after buying an additional 150 shares in the last quarter. Simplex Trading LLC acquired a new stake in StoneX Group during the first quarter valued at approximately $47,000. GAMMA Investing LLC raised its stake in StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after buying an additional 357 shares in the last quarter. IFP Advisors Inc raised its stake in StoneX Group by 74,100.0% during the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock valued at $57,000 after buying an additional 741 shares in the last quarter. Finally, CWM LLC raised its position in shares of StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after purchasing an additional 355 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

Insider Buying and Selling

In related news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $96.00, for a total value of $108,000.00. Following the sale, the director directly owned 115,749 shares in the company, valued at $11,111,904. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.70% of the stock is currently owned by corporate insiders.

StoneX Group Stock Down 3.5%

SNEX opened at $95.83 on Friday. StoneX Group Inc. has a 12 month low of $55.85 and a 12 month high of $106.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The stock has a market cap of $5.00 billion, a P/E ratio of 16.33 and a beta of 0.51. The stock's 50 day moving average price is $96.81 and its 200 day moving average price is $90.13.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on SNEX shares. Weiss Ratings upgraded StoneX Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Zacks Research cut StoneX Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, StoneX Group currently has an average rating of "Moderate Buy".

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.

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