CX Institutional Grows Stock Position in StoneX Group Inc. $SNEX

Key Points

• CX Institutional increased its StoneX Group stake by 44,134.2% in the third quarter, adding 69,732 shares to own 69,890 shares valued at approximately $4.5 million. Institutional investors collectively own 75.93% of SNEX.
• StoneX reported quarterly earnings of $1.00 per share, beating the $0.86 consensus estimate, while revenue reached $39.71 billion. The stock opened at $65.81, with a market capitalization of approximately $7.94 billion.
• Analyst sentiment remains moderately positive, with an average price target of $112, although several firms downgraded the stock to “hold.” Insiders sold 731,928 shares worth $51.6 million over the past 90 days, including sales by two insiders under pre-arranged trading plans.

CX Institutional raised its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 44,134.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,890 shares of the company's stock after buying an additional 69,732 shares during the quarter. CX Institutional owned about 0.06% of StoneX Group worth $4,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in StoneX Group by 51.1% during the 3rd quarter. Versant Capital Management Inc now owns 630 shares of the company's stock worth $41,000 after acquiring an additional 213 shares during the period. WINTON GROUP Ltd boosted its position in shares of StoneX Group by 9.5% during the 2nd quarter. WINTON GROUP Ltd now owns 81,529 shares of the company's stock valued at $9,661,000 after acquiring an additional 7,078 shares during the last quarter. Engineers Gate Manager LP purchased a new position in StoneX Group in the 2nd quarter worth approximately $488,000. Integrated Wealth Concepts LLC bought a new position in StoneX Group in the second quarter valued at $111,000. Finally, BayBridge Capital Group LLC raised its holdings in shares of StoneX Group by 5.3% during the 2nd quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company's stock valued at $494,000 after buying an additional 208 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Price Performance

Shares of SNEX stock opened at $65.81 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66. The firm has a market cap of $7.94 billion, a P/E ratio of 15.71 and a beta of 0.62. The business's 50 day moving average price is $68.85 and its 200-day moving average price is $71.81.

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

Analyst Upgrades and Downgrades

SNEX has been the topic of several research reports. Wall Street Zen downgraded shares of StoneX Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Jefferies Financial Group lowered shares of StoneX Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings cut shares of StoneX Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Finally, Zacks Research raised shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $112.00.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, insider Mark Maurer sold 50,528 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $67.02, for a total transaction of $3,386,386.56. Following the transaction, the insider owned 203,244 shares in the company, valued at approximately $13,621,412.88. This represents a 19.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Diego Rotsztain sold 20,298 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $67.13, for a total value of $1,362,604.74. Following the completion of the transaction, the insider directly owned 34,870 shares of the company's stock, valued at $2,340,823.10. This represents a 36.79% 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. In the last 90 days, insiders sold 731,928 shares of company stock worth $51,626,582. Insiders own 11.79% of the company's stock.

StoneX Group Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.