StoneX Group Inc. $SNEX Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in StoneX Group by 38.2% in the first quarter, owning 11,372 shares worth $869,000.
• StoneX Group reported earnings per share of $1.22, missing analysts' estimates of $1.39, despite revenue exceeding expectations at $1.02 billion.
• Analysts gave StoneX Group a rating of "strong-buy," with one analyst recommending it as a buy, indicating positive outlook for the stock.

Voya Investment Management LLC lifted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 38.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,372 shares of the company's stock after purchasing an additional 3,144 shares during the quarter. Voya Investment Management LLC's holdings in StoneX Group were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNEX. Sequoia Financial Advisors LLC purchased a new position in StoneX Group in the first quarter valued at about $251,000. Wealth Enhancement Advisory Services LLC boosted its stake in StoneX Group by 51.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock valued at $582,000 after acquiring an additional 2,598 shares during the period. Crossmark Global Holdings Inc. boosted its stake in StoneX Group by 49.7% in the first quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock valued at $256,000 after acquiring an additional 1,112 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of StoneX Group by 8.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 843,524 shares of the company's stock worth $64,428,000 after buying an additional 67,747 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in shares of StoneX Group by 55.1% during the first quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock worth $1,804,000 after buying an additional 8,390 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

Insider Transactions at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the 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 completion of the transaction, the director owned 115,749 shares of the company's stock, valued at $11,111,904. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.70% of the stock is owned by company insiders.

StoneX Group Trading Down 1.2%

Shares of NASDAQ:SNEX opened at $95.01 on Thursday. The stock has a market capitalization of $4.96 billion, a PE ratio of 16.19 and a beta of 0.56. 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 $53.21 and a 1 year high of $106.98. The firm has a fifty day moving average price of $95.76 and a 200 day moving average price of $88.11.

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

Analysts Set New Price Targets

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock has an average rating of "Strong 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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