Nine Ten Capital Management LLC Has $10.03 Million Stock Holdings in StoneX Group Inc. $SNEX

Key Points

• Nine Ten Capital Management cut its StoneX Group stake by 85.4% in the second quarter, selling 495,300 shares and retaining 84,679 shares valued at approximately $10.03 million.
• Institutional ownership remains substantial at 75.93%, with major investors including BlackRock and California State Teachers Retirement System significantly increasing or initiating positions.
• StoneX exceeded quarterly earnings expectations with EPS of $1.00 versus the $0.86 consensus estimate, while analyst sentiment remains a “Moderate Buy” with a $112 consensus price target despite several recent rating downgrades.

Nine Ten Capital Management LLC lessened its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 85.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,679 shares of the company's stock after selling 495,300 shares during the period. StoneX Group makes up 3.1% of Nine Ten Capital Management LLC's portfolio, making the stock its 8th biggest position. Nine Ten Capital Management LLC owned approximately 0.07% of StoneX Group worth $10,034,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of StoneX Group during the second quarter worth about $1,343,877,000. California State Teachers Retirement System raised its position in StoneX Group by 12,481.9% in the 2nd quarter. California State Teachers Retirement System now owns 9,739,752 shares of the company's stock valued at $1,154,161,000 after buying an additional 9,662,341 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in StoneX Group by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company's stock valued at $271,261,000 after buying an additional 439,771 shares during the last quarter. Dimensional Fund Advisors LP raised its position in StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company's stock valued at $169,976,000 after buying an additional 704,493 shares during the last quarter. Finally, State Street Corp lifted its stake in StoneX Group by 0.3% in the 4th quarter. State Street Corp now owns 1,829,897 shares of the company's stock valued at $174,078,000 after acquiring an additional 6,220 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Activity at StoneX Group

In other StoneX Group news, CFO William J. Dunaway sold 96,490 shares of StoneX Group stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $66.35, for a total value 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. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Abigail H. Perkins sold 4,500 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $64.81, for a total transaction of $291,645.00. Following the sale, the insider directly owned 96,663 shares in the company, valued at approximately $6,264,729.03. The trade was a 4.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 995,872 shares of company stock worth $78,942,625 in the last 90 days. Corporate insiders own 11.79% of the company's stock.

StoneX Group Stock Down 0.6%

Shares of SNEX opened at $69.07 on Wednesday. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66. The firm has a market cap of $8.33 billion, a P/E ratio of 16.49 and a beta of 0.63. The firm's 50-day simple moving average is $72.25 and its 200 day simple moving average is $73.31. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The firm had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SNEX. Jefferies Financial Group cut shares of StoneX Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings lowered shares of StoneX Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 28th. Wall Street Zen cut shares of StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of StoneX Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, StoneX Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.00.

About StoneX Group

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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