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 stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 149.2% in the 1st quarter, according to the company in its most recent disclosure 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 about 0.08% of StoneX Group worth $2,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SNEX. Vanguard Group Inc. grew its position in StoneX Group by 51.3% during the first quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock worth $220,068,000 after buying an additional 976,587 shares in the last quarter. American Century Companies Inc. grew its position in StoneX Group by 93.6% during the first quarter. American Century Companies Inc. now owns 1,963,717 shares of the company's stock worth $149,989,000 after buying an additional 949,486 shares in the last quarter. Perpetual Ltd purchased a new position in StoneX Group during the first quarter worth about $64,679,000. Dimensional Fund Advisors LP grew its position in StoneX Group by 41.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company's stock worth $146,915,000 after buying an additional 567,196 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in StoneX Group by 82.8% during the first quarter. Ameriprise Financial Inc. now owns 914,212 shares of the company's stock worth $69,828,000 after buying an additional 414,204 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

StoneX Group Trading Up 1.8%

StoneX Group stock traded up $1.68 during trading hours on Thursday, reaching $95.93. The company had a trading volume of 671,000 shares, compared to its average volume of 458,962. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The company has a 50-day moving average price of $95.60 and a 200 day moving average price of $87.68. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 16.34 and a beta of 0.56. StoneX Group Inc. has a 12-month low of $53.21 and a 12-month high of $106.98.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. Equities analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $96.00, for a total value of $108,000.00. Following the transaction, the director directly owned 115,749 shares of the company's stock, valued at $11,111,904. The trade was a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is owned by company insiders.

About StoneX Group

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.