Shell Asset Management Co. Cuts Stock Position in StoneX Group Inc. $SNEX

Key Points

• Shell Asset Management Co. reduced its stake in StoneX Group Inc. by 12.2%, owning 154,596 shares after selling 21,429 shares in the 2nd quarter.
• Despite Shell's decrease, other institutional investors like Ridgewood Investments LLC and IFP Advisors Inc. made notable increases in their holdings, indicating ongoing interest in the stock.
• StoneX Group's recent earnings report showed earnings per share (EPS) of $1.22, missing estimates, but it recorded revenue of $1.02 billion, surpassing consensus expectations.

Shell Asset Management Co. trimmed its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 12.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,596 shares of the company's stock after selling 21,429 shares during the period. StoneX Group comprises about 0.5% of Shell Asset Management Co.'s investment portfolio, making the stock its 29th biggest position. Shell Asset Management Co. owned about 0.32% of StoneX Group worth $14,090,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Ridgewood Investments LLC boosted its stake in StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after purchasing an additional 150 shares during the period. Simplex Trading LLC bought a new position in shares of StoneX Group during the first quarter worth $47,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 357 shares during the last quarter. IFP Advisors Inc lifted 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 worth $57,000 after purchasing an additional 741 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after purchasing an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Stock Performance

Shares of NASDAQ:SNEX opened at $99.00 on Tuesday. 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 12 month low of $54.60 and a 12 month high of $106.98. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 16.87 and a beta of 0.51. The firm's 50-day moving average is $96.68 and its 200 day moving average is $89.69.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its 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). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. Research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Activity at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the transaction, the director owned 115,749 shares of the company's stock, valued at $11,111,904. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SNEX. Weiss Ratings reissued a "hold (c+)" rating on shares of StoneX Group in a research note on Saturday, September 27th. Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, StoneX Group has a consensus rating of "Buy".

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.

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