Dimensional Fund Advisors LP Raises Stock Holdings in StoneX Group Inc. $SNEX

Key Points

• Dimensional Fund Advisors LP increased its stake in StoneX Group Inc. by 41.8%, owning 4.00% of the company with a value of approximately $146.9 million as of the end of the 1st quarter.
• StoneX Group received a "strong-buy" rating from Zacks Research and has an average analyst rating of "Strong Buy," indicating positive market sentiment towards the stock.
• The company's latest earnings report revealed an EPS of $1.22, which missed analysts' estimates but showed a significant revenue of $1.02 billion, surpassing expectations.

Dimensional Fund Advisors LP boosted its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 41.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,923,494 shares of the company's stock after acquiring an additional 567,196 shares during the period. Dimensional Fund Advisors LP owned 4.00% of StoneX Group worth $146,915,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SNEX. Ridgewood Investments LLC boosted its holdings in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after buying an additional 150 shares in the last quarter. Focus Partners Wealth increased 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 during the last quarter. Hohimer Wealth Management LLC increased its holdings in StoneX Group by 4.5% in the 1st 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 increased its holdings in StoneX Group by 78.4% in the 1st 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 raised 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 last quarter. Institutional investors own 75.93% of the company's stock.

StoneX Group Stock Performance

NASDAQ SNEX traded up $1.21 during trading hours on Tuesday, reaching $99.23. The stock had a trading volume of 381,584 shares, compared to its average volume of 688,736. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. StoneX Group Inc. has a 52-week low of $50.31 and a 52-week high of $100.40. The stock has a fifty day moving average of $92.91 and a 200 day moving average of $85.55. The stock has a market cap of $5.18 billion, a P/E ratio of 16.90 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (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 analysts' expectations of $923.10 million. Sell-side analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Moore Fowler sold 1,125 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the transaction, the director directly owned 115,749 shares in the company, valued at approximately $11,111,904. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John Radziwill bought 1,400 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $85.00 per share, with a total value of $119,000.00. Following the completion of the acquisition, the chairman directly owned 100,240 shares in the company, valued at $8,520,400. This trade represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 45,305 shares of company stock valued at $3,859,233 over the last 90 days. Insiders own 11.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat.com, StoneX Group presently has a consensus 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.