MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 23,476 Shares of StoneX Group Inc. $SNEX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in StoneX Group Inc. (SNEX) by 149.2%, acquiring an additional 23,476 shares in the first quarter, reaching a total of 39,209 shares valued at approximately $2.995 million.
• Zacks Research upgraded StoneX Group's stock rating to a "strong-buy," contributing to an average analyst rating of "strong buy" for the company.
• Shares of StoneX Group have shown significant price movement, with a twelve-month low of $52.71 and a high of $106.98, signaling volatility and investment interest.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 149.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,209 shares of the company's stock after purchasing an additional 23,476 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of StoneX Group worth $2,995,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Hancock Whitney Corp increased its stake in StoneX Group by 71.7% during the 1st quarter. Hancock Whitney Corp now owns 5,233 shares of the company's stock worth $400,000 after purchasing an additional 2,186 shares in the last quarter. Cove Street Capital LLC increased its stake in StoneX Group by 33.9% during the 1st quarter. Cove Street Capital LLC now owns 26,673 shares of the company's stock worth $2,037,000 after purchasing an additional 6,752 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in StoneX Group by 50.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 75,292 shares of the company's stock worth $5,751,000 after purchasing an additional 25,097 shares in the last quarter. Amundi increased its stake in StoneX Group by 25.5% during the 1st quarter. Amundi now owns 17,951 shares of the company's stock worth $1,332,000 after purchasing an additional 3,653 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in StoneX Group by 10.7% during the 1st quarter. Ancora Advisors LLC now owns 14,549 shares of the company's stock worth $1,111,000 after purchasing an additional 1,404 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Strong Buy".

StoneX Group Price Performance

Shares of SNEX opened at $96.60 on Friday. The stock has a market capitalization of $5.04 billion, a P/E ratio of 16.46 and a beta of 0.56. StoneX Group Inc. has a twelve month low of $52.71 and a twelve month high of $106.98. The company has a 50 day moving average of $95.70 and a 200-day moving average of $87.30. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released 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). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. As a group, equities research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity at StoneX Group

In other news, insider Abigail H. Perkins sold 10,470 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the sale, the insider owned 43,913 shares of the company's stock, valued at approximately $3,786,178.86. This represents a 19.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $108,000.00. Following the completion of the sale, the director directly owned 115,749 shares of the company's stock, valued at approximately $11,111,904. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.