Nuveen LLC Takes Position in StoneX Group Inc. $SNEX

Key Points

• Nuveen LLC has made a new investment of $15.86 million in StoneX Group Inc., acquiring 207,587 shares valued at approximately $15,855,000.
• StoneX Group received a "strong-buy" rating upgrade from Zacks Research, with analysts indicating a positive outlook for the stock based on its performance.
• Despite posting earnings below expectations, StoneX Group reported a revenue of $1.02 billion for the last quarter, surpassing analysts' forecasts of $923.10 million.

Nuveen LLC purchased a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 207,587 shares of the company's stock, valued at approximately $15,855,000. Nuveen LLC owned 0.43% of StoneX Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ridgewood Investments LLC boosted its holdings in StoneX Group by 50.0% in the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after acquiring an additional 150 shares in the last quarter. Focus Partners Wealth grew its position in shares of StoneX Group by 2.1% during the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock valued at $794,000 after purchasing an additional 164 shares in the last quarter. Hohimer Wealth Management LLC grew its position 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 acquiring an additional 306 shares in the last quarter. CWM LLC grew its position in StoneX Group by 78.4% in the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after acquiring an additional 355 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of StoneX Group by 92.7% during the first 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 period. 75.93% of the stock is owned by institutional investors.

Insider Buying and Selling 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 shares were 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 $3,786,178.86. This represents a 19.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the sale, the chief executive officer directly owned 327,754 shares of the company's stock, valued at approximately $27,426,454.72. This trade represents a 2.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,305 shares of company stock worth $3,859,233 in the last quarter. Insiders own 11.70% of the company's stock.

StoneX Group Stock Performance

SNEX traded down $0.8250 during midday trading on Monday, hitting $98.0150. 122,225 shares of the company were exchanged, compared to its average volume of 419,117. The company's 50 day simple moving average is $92.38 and its 200 day simple moving average is $85.33. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. StoneX Group Inc. has a 1-year low of $50.31 and a 1-year high of $100.40. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 16.70 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.17). The firm had revenue of $1.02 billion for 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%. As a group, sell-side analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a 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 company. According to data from MarketBeat, StoneX Group presently has an average rating of "Strong Buy".

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.