StoneX Group Inc. $SNEX Shares Bought by Dimensional Fund Advisors LP

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC increased its holdings in 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 acquiring an additional 150 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of StoneX Group in the first quarter valued at approximately $47,000. GAMMA Investing LLC increased its stake in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares in the last quarter. IFP Advisors Inc raised its position in shares of StoneX Group by 74,100.0% during the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 741 shares during the last quarter. Finally, CWM LLC lifted its stake in StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after buying an additional 355 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

StoneX Group Stock Down 0.7%

Shares of NASDAQ:SNEX opened at $95.79 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 16.32 and a beta of 0.57. The stock's 50-day moving average price is $91.87 and its two-hundred day moving average price is $84.88. StoneX Group Inc. has a 12-month low of $50.31 and a 12-month high of $100.40.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. On average, research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Activity at StoneX Group

In other news, CEO Philip Andrew Smith sold 7,500 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was 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 in the company, valued at $27,426,454.72. This represents a 2.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Abigail H. Perkins sold 16,098 shares of StoneX Group stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the transaction, the insider owned 31,076 shares in the company, valued at $2,642,703.04. The trade was a 34.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,305 shares of company stock worth $3,859,233. 11.70% of the stock is currently owned by company insiders.

StoneX Group Company 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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