StoneX Group Inc. $SNEX Shares Purchased by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in StoneX Group Inc. by 45.9% in the first quarter, owning 129,081 shares worth approximately $9.86 million.
• StoneX Group reported $1.22 earnings per share in its latest quarterly earnings, falling short of the consensus estimate of $1.39.
• Zacks Research upgraded StoneX Group to a "strong-buy" rating, with a consensus rating of "Strong Buy" from analysts.

Rhumbline Advisers grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 45.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,081 shares of the company's stock after acquiring an additional 40,603 shares during the period. Rhumbline Advisers owned about 0.26% of StoneX Group worth $9,860,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC raised its stake in StoneX Group by 50.0% during the first 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. Simplex Trading LLC acquired a new position in StoneX Group in the first quarter worth $47,000. GAMMA Investing LLC increased its stake in 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 purchasing an additional 357 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of StoneX Group by 74,100.0% during the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 741 shares during the period. Finally, CWM LLC lifted its position in shares of StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after buying an additional 355 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Stock Performance

Shares of SNEX stock opened at $96.20 on Thursday. StoneX Group Inc. has a 12-month low of $50.31 and a 12-month high of $106.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 16.39 and a beta of 0.56. The business has a 50 day simple moving average of $95.55 and a 200 day simple moving average of $87.06.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.17). The company had revenue of $1.02 billion during 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%. On average, equities research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a research note 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy".

Insider Activity

In other news, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the transaction, the insider owned 43,913 shares of the company's stock, valued at $3,786,178.86. The trade was a 19.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction that occurred 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 sale, the director owned 115,749 shares in the company, valued at $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,707 shares of company stock valued at $1,862,659. Insiders own 11.70% of the company's stock.

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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