Rhumbline Advisers Raises Position in StoneX Group Inc. $SNEX

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 lifted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 45.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,081 shares of the company's stock after acquiring an additional 40,603 shares during the quarter. Rhumbline Advisers owned 0.26% of StoneX Group worth $9,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of StoneX Group during the first quarter valued at approximately $251,000. Wealth Enhancement Advisory Services LLC grew its holdings in StoneX Group by 51.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock valued at $582,000 after purchasing an additional 2,598 shares during the period. Crossmark Global Holdings Inc. grew its holdings in StoneX Group by 49.7% during the first quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock valued at $256,000 after purchasing an additional 1,112 shares during the period. Illinois Municipal Retirement Fund grew its holdings in StoneX Group by 55.1% during the first quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock valued at $1,804,000 after purchasing an additional 8,390 shares during the period. Finally, Punch & Associates Investment Management Inc. grew its holdings in StoneX Group by 8.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 843,524 shares of the company's stock valued at $64,428,000 after purchasing an additional 67,747 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Performance

Shares of StoneX Group stock traded down $1.39 during trading hours on Tuesday, reaching $93.20. The company had a trading volume of 204,352 shares, compared to its average volume of 423,892. StoneX Group Inc. has a one year low of $53.21 and a one year high of $106.98. The business has a fifty day simple moving average of $95.71 and a 200 day simple moving average of $87.49. 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 cap of $4.86 billion, a PE ratio of 15.86 and a beta of 0.56.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results 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 return on equity of 16.20% and a net margin of 0.23%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. On average, analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Activity

In related 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 value of $108,000.00. Following the sale, the director owned 115,749 shares in the company, valued at approximately $11,111,904. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 11.70% of the company's stock.

Analysts Set New Price Targets

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a report 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Strong Buy".

About StoneX Group

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.