Deutsche Bank AG Invests $13.33 Million in StoneX Group Inc. $SNEX

Key Points

• Deutsche Bank acquired 112,471 StoneX shares worth approximately $13.33 million in the second quarter, while institutional investors and hedge funds collectively own 75.93% of the company.
• StoneX reported quarterly EPS of $1.00, beating estimates of $0.86, though the stock was trading down 1.1% at $67.75. Analysts maintain a consensus “Buy” rating with an average price target of $112.
• Insider activity was mixed: CFO William Dunaway sold 96,490 shares under a Rule 10b5-1 plan, while director Dhamu Thamodaran bought 2,500 shares; insiders sold more than 1 million shares over the past 90 days.

Deutsche Bank AG bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 112,471 shares of the company's stock, valued at approximately $13,328,000. Deutsche Bank AG owned about 0.09% of StoneX Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC acquired a new stake in StoneX Group during the 1st quarter worth about $34,000. Sterling Capital Management LLC lifted its holdings 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 valued at $38,000 after buying an additional 156 shares during the period. Basecamp Wealth Advisors LLC lifted its holdings in shares of StoneX Group by 49.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company's stock valued at $41,000 after buying an additional 170 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in shares of StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company's stock valued at $41,000 after buying an additional 280 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of StoneX Group in the second quarter worth about $42,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Trading Down 1.1%

SNEX stock opened at $67.75 on Tuesday. StoneX Group Inc. has a 52-week low of $36.45 and a 52-week 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 firm has a market cap of $8.17 billion, a P/E ratio of 16.17 and a beta of 0.66. The company's 50-day simple moving average is $76.62 and its 200-day simple moving average is $74.38.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced 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 firm had revenue of $718.00 million during the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. As a group, equities analysts forecast that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SNEX. Wall Street Zen lowered StoneX Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings downgraded StoneX Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Jefferies Financial Group lowered StoneX Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. 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 research 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. Based on data from MarketBeat, StoneX Group currently has a consensus rating of "Buy" and an average target price of $112.00.

Insider Buying and Selling

In other news, CFO William J. Dunaway sold 96,490 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 502,203 shares in the company, valued at $33,321,169.05. This trade represents a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dhamu R. Thamodaran bought 2,500 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $64.48 per share, for a total transaction of $161,200.00. Following the transaction, the director directly owned 75,760 shares in the company, valued at approximately $4,885,004.80. This 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 valued at $79,453,640 in the last 90 days. Corporate insiders own 11.79% of the company's stock.

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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