StoneX Group Inc. $SNEX Shares Acquired by Motley Fool Asset Management LLC

Key Points

• Motley Fool Asset Management increased its StoneX Group stake by 43% in the third quarter, purchasing 86,412 additional shares for a total of 287,316 shares valued at approximately $18.6 million. Institutional investors collectively own 75.93% of SNEX.
• StoneX shares opened at $56.04, well below their 50-day and 200-day moving averages of $64.71 and $71.82, respectively. The stock has traded between $36.45 and $94.66 over the past year.
• Analyst sentiment is cautious: three firms downgraded SNEX to “Hold,” resulting in a consensus “Hold” rating and a $112 price target. Meanwhile, insiders sold 548,205 shares worth approximately $35.5 million over the last quarter.

Motley Fool Asset Management LLC boosted its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 43.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,316 shares of the company's stock after purchasing an additional 86,412 shares during the quarter. StoneX Group accounts for about 0.7% of Motley Fool Asset Management LLC's portfolio, making the stock its 25th largest holding. Motley Fool Asset Management LLC's holdings in StoneX Group were worth $18,572,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. raised its position in shares of StoneX Group by 49.1% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,598 shares of the company's stock valued at $168,000 after buying an additional 855 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of StoneX Group by 92.1% in the third quarter. Park Avenue Securities LLC now owns 5,657 shares of the company's stock valued at $366,000 after buying an additional 2,712 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of StoneX Group by 9.4% in the third quarter. Apollon Wealth Management LLC now owns 116,283 shares of the company's stock valued at $7,517,000 after buying an additional 10,024 shares during the period. Sigma Planning Corp acquired a new stake in StoneX Group during the third quarter worth approximately $851,000. Finally, Simplicity Wealth LLC grew its position in StoneX Group by 48.3% during the third quarter. Simplicity Wealth LLC now owns 11,197 shares of the company's stock worth $724,000 after buying an additional 3,649 shares in the last quarter. Institutional investors own 75.93% of the company's stock.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $56.04 on Thursday. The firm has a 50 day moving average of $64.71 and a 200-day moving average of $71.82. The stock has a market capitalization of $6.76 billion, a PE ratio of 13.38 and a beta of 0.62. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66.

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

Insider Buying and Selling at StoneX Group

In other StoneX Group news, insider Mark Maurer sold 52,953 shares of the firm's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $60.35, for a total value of $3,195,713.55. Following the sale, the insider owned 219,663 shares of the company's stock, valued at approximately $13,256,662.05. This trade represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Diego Rotsztain sold 30,327 shares of the firm's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $68.83, for a total value of $2,087,407.41. Following the completion of the sale, the insider directly owned 55,168 shares in the company, valued at approximately $3,797,213.44. This represents a 35.47% 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. Over the last quarter, insiders sold 548,205 shares of company stock valued at $35,532,883. 11.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SNEX has been the subject of several analyst reports. Wall Street Zen cut StoneX Group from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings downgraded StoneX Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, October 14th. Zacks Research lowered StoneX Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, Jefferies Financial Group cut StoneX Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $112.00.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX's services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.

Want to see what other hedge funds are holding SNEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StoneX Group Inc. (NASDAQ:SNEX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.