StoneX Group Inc. $SNEX Shares Sold by Perpetual Ltd

Key Points

• Perpetual Ltd reduced its stake in StoneX Group Inc. by 23.8% during the second quarter, now holding 1.32% of the company worth approximately $58.8 million.
• Analysts have raised StoneX Group to a "strong-buy" rating, reflecting positive sentiment about the stock's performance.
• StoneX Group's recent quarterly earnings showed an EPS of $1.22, falling short of analysts' expectations of $1.39.

Perpetual Ltd lessened its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 23.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 645,250 shares of the company's stock after selling 201,554 shares during the quarter. Perpetual Ltd owned about 1.32% of StoneX Group worth $58,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SNEX. Ridgewood Investments LLC lifted its position in StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after buying an additional 150 shares in the last quarter. Simplex Trading LLC purchased a new position in StoneX Group during the first quarter worth approximately $47,000. GAMMA Investing LLC lifted its position in StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares in the last quarter. IFP Advisors Inc lifted its position in 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 buying an additional 741 shares in the last quarter. Finally, CWM LLC lifted its position in StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after buying an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Insider Buying and Selling at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of StoneX Group 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 completion of the sale, the director directly owned 115,749 shares of the company's stock, valued at approximately $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.70% of the company's stock.

StoneX Group Trading Up 1.8%

NASDAQ:SNEX traded up $1.67 on Tuesday, reaching $94.18. The company's stock had a trading volume of 166,640 shares, compared to its average volume of 434,109. StoneX Group Inc. has a 12-month low of $53.21 and a 12-month high of $106.98. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 15.98 and a beta of 0.56. The stock has a 50 day moving average price of $95.60 and a 200 day moving average price of $88.01.

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

Analysts Set New Price Targets

Separately, Zacks Research upgraded StoneX Group to a "strong-buy" rating in a research 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 company's stock. According to MarketBeat.com, the stock presently has an average 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.