StoneX Group Inc. $SNEX Stock: Bridge City Capital LLC Increases Holdings

Key Points

• Bridge City Capital increased its StoneX Group stake by 140.8% in the third quarter, adding 25,131 shares to hold 42,979 shares worth approximately $2.78 million. Institutional investors own 75.93% of the company.
• StoneX reported quarterly EPS of $1.00, beating expectations of $0.86, while revenue reached $39.71 billion. The stock opened at $52.83, well below its 52-week high of $94.66.
• Insiders sold 548,205 shares worth $35.5 million over the past three months, while analysts largely maintained a “Hold” consensus and an average price target of $112.

Bridge City Capital LLC raised its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 140.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 42,979 shares of the company's stock after buying an additional 25,131 shares during the period. Bridge City Capital LLC's holdings in StoneX Group were worth $2,778,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG bought a new position in shares of StoneX Group during the 2nd quarter worth about $3,079,000. Bank of America Corp DE bought a new stake in StoneX Group during the 2nd quarter worth approximately $51,370,000. Coppell Advisory Solutions LLC purchased a new position in StoneX Group in the second quarter worth about $3,738,000. Deutsche Bank AG bought a new position in StoneX Group in the second quarter worth about $13,328,000. Finally, Man Group plc purchased a new position in StoneX Group during the second quarter worth approximately $3,495,000. 75.93% of the stock is owned by institutional investors.

StoneX Group Price Performance

SNEX stock opened at $52.83 on Monday. StoneX Group Inc. has a one year low of $36.45 and a one year high of $94.66. The company has a 50 day moving average price of $64.22 and a two-hundred day moving average price of $71.67. The stock has a market capitalization of $6.37 billion, a P/E ratio of 12.61 and a beta of 0.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The business had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, sell-side analysts expect that StoneX Group Inc. will post 4.35 EPS for the current year.

Insider Activity

In other news, insider Diego Rotsztain sold 20,298 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $67.13, for a total transaction of $1,362,604.74. Following the transaction, the insider directly owned 34,870 shares of the company's stock, valued at approximately $2,340,823.10. This trade represents a 36.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean O'Connor sold 76,148 shares of the company's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $60.35, for a total value of $4,595,531.80. Following the completion of the transaction, the chairman directly owned 1,831,799 shares of the company's stock, valued at approximately $110,549,069.65. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 548,205 shares of company stock valued at $35,532,883. 11.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on SNEX. Wall Street Zen downgraded shares of StoneX Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Jefferies Financial Group downgraded StoneX Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Weiss Ratings cut StoneX Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, October 14th. Finally, Zacks Research cut StoneX Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $112.00.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX's services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.

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