Exchange Traded Concepts LLC Raises Stake in StoneX Group Inc. $SNEX

Key Points

• Exchange Traded Concepts LLC increased its stake in StoneX Group Inc. by 176.9% during the second quarter, owning a total of 9,506 shares valued at approximately $866,000.
• The company's latest quarterly earnings showed an EPS of $1.22, which was below analysts' expectations of $1.39, despite reporting revenue of $1.02 billion against the consensus estimate of $923.1 million.
• StoneX Group has received a strong-buy rating from Zacks Research, with a consensus rating highlighting positive analyst sentiment towards the stock.

Exchange Traded Concepts LLC increased its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 176.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,506 shares of the company's stock after purchasing an additional 6,073 shares during the period. Exchange Traded Concepts LLC's holdings in StoneX Group were worth $866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ridgewood Investments LLC raised its holdings in shares of StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after acquiring an additional 150 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of StoneX Group by 25.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 821 shares of the company's stock worth $62,000 after buying an additional 165 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of StoneX Group by 2.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,816 shares of the company's stock worth $733,000 after buying an additional 194 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of StoneX Group by 50.0% in the 1st quarter. Acadian Asset Management LLC now owns 831 shares of the company's stock worth $63,000 after buying an additional 277 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its holdings in StoneX Group by 4.5% in the first quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company's stock worth $543,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Stock Performance

Shares of SNEX opened at $96.19 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. StoneX Group Inc. has a one year low of $53.21 and a one year high of $106.98. The firm has a market capitalization of $5.02 billion, a P/E ratio of 16.39 and a beta of 0.56. The business has a fifty day moving average of $95.69 and a 200 day moving average of $88.06.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 16.20% and a net margin of 0.23%.The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. As a group, sell-side analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Transactions at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $96.00, for a total transaction of $108,000.00. Following the transaction, the director owned 115,749 shares of the company's stock, valued at $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.70% of the company's stock.

Analyst Ratings Changes

Separately, Zacks Research upgraded StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

StoneX Group 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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