Intech Investment Management LLC Acquires 21,932 Shares of StoneX Group Inc. $SNEX

Key Points

• Intech Investment Management LLC increased its holdings in StoneX Group Inc. by 75.1% in Q1, acquiring an additional 21,932 shares to own a total of 51,146 shares, valued at $3,907,000.
• Other institutional investors such as Vanguard Group and American Century Companies also significantly increased their stakes, indicating strong institutional interest in StoneX Group.
• Following the latest earnings report, Zacks Research upgraded StoneX Group to a "strong-buy" rating, enhancing its market outlook amidst a moderate decline in share price.

Intech Investment Management LLC increased its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 75.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,146 shares of the company's stock after acquiring an additional 21,932 shares during the period. Intech Investment Management LLC owned about 0.10% of StoneX Group worth $3,907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC increased its stake in 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 buying an additional 150 shares during the last quarter. Simplex Trading LLC purchased a new stake in StoneX Group in the 1st quarter valued at about $47,000. GAMMA Investing LLC increased its stake in StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after buying an additional 357 shares during the last quarter. IFP Advisors Inc increased its stake in StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock valued at $57,000 after buying an additional 741 shares during the last quarter. Finally, CWM LLC increased its stake in StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after buying an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Strong Buy".

Insider Buying and Selling at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of the 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 completion of the transaction, the director directly owned 115,749 shares of the company's stock, valued at $11,111,904. This represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is owned by corporate insiders.

StoneX Group Stock Performance

Shares of StoneX Group stock traded up $2.32 on Thursday, reaching $96.57. 157,498 shares of the company traded hands, compared to its average volume of 425,040. StoneX Group Inc. has a 52 week low of $53.21 and a 52 week high of $106.98. The company has a 50 day moving average of $95.61 and a 200 day moving average of $87.58. The firm has a market capitalization of $5.04 billion, a PE ratio of 16.45 and a beta of 0.56. 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 (NASDAQ:SNEX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. Equities analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

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.