California State Teachers Retirement System Has $9.74 Million Holdings in StoneX Group Inc. $SNEX

California State Teachers Retirement System increased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,192 shares of the company's stock after acquiring an additional 4,781 shares during the period. California State Teachers Retirement System owned about 0.07% of StoneX Group worth $9,739,752 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in shares of StoneX Group in the second quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of StoneX Group in the second quarter worth $42,000. Silvant Capital Management LLC bought a new position in StoneX Group in the 2nd quarter worth approximately $43,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group in the first quarter valued at $34,000. Finally, Sterling Capital Management LLC lifted its position in shares of StoneX Group by 48.7% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company's stock worth $38,000 after purchasing an additional 156 shares during the period. Institutional investors own 75.93% of the company's stock.

Insider Transactions at StoneX Group

In other news, Director Dhamu Thamodaran bought 2,500 shares of the stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $64.48 per share, with a total value of $161,200.00. Following the purchase, the director owned 75,760 shares of the company's stock, valued at approximately $4,885,004.80. The trade was a 3.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO William Dunaway sold 96,490 shares of StoneX Group stock in a transaction on Friday, August 14th. The stock was sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the completion of the transaction, the chief financial officer directly owned 502,203 shares of the company's stock, valued at approximately $33,321,169.05. This represents a 16.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 590,347 shares of company stock valued at $42,981,730. 11.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of StoneX Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings lowered shares of StoneX Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 28th. Zacks Research raised StoneX Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Finally, Wall Street Zen lowered shares of 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, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $112.00.

StoneX Group Trading Down 2.3%

NASDAQ:SNEX traded down $1.59 during midday trading on Tuesday, reaching $66.94. 300,607 shares of the stock traded hands, compared to its average volume of 1,081,211. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The company has a fifty day moving average of $71.31 and a 200 day moving average of $72.89. The stock has a market capitalization of $8.07 billion, a P/E ratio of 16.00 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The company had revenue of $39.71 billion for the quarter, compared to analysts' expectations of $1.32 billion. On average, research analysts predict that StoneX Group Inc. will post 4.35 EPS for the current year.

StoneX Group Profile

StoneX Group Inc NASDAQ: SNEX is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company's offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.

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