13,950 Shares in StoneX Group Inc. $SNEX Acquired by Strs Ohio

Key Points

• Strs Ohio acquired a new stake in StoneX Group Inc., buying 13,950 shares valued at approximately $1,066,000.
• StoneX Group's recent earnings report showed $1.22 earnings per share, which fell short of analysts' expectations of $1.39.
• Analysts have upgraded StoneX Group to a "strong-buy" rating, indicating positive growth potential for the stock.

Strs Ohio acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,950 shares of the company's stock, valued at approximately $1,066,000.

Other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC raised its stake in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after buying an additional 150 shares during the last quarter. Simplex Trading LLC purchased a new position in shares of StoneX Group during the 1st quarter worth approximately $47,000. GAMMA Investing LLC raised its position 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 during the last quarter. IFP Advisors Inc lifted its stake in StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock valued at $57,000 after buying an additional 741 shares in the last quarter. Finally, CWM LLC grew its holdings in StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after buying an additional 355 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy".

StoneX Group Trading Down 0.3%

SNEX traded down $0.24 during midday trading on Monday, hitting $92.51. The company's stock had a trading volume of 753,977 shares, compared to its average volume of 514,536. StoneX Group Inc. has a 52-week low of $53.21 and a 52-week high of $106.98. The firm has a 50-day moving average price of $95.60 and a two-hundred day moving average price of $88.01. 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 $4.83 billion, a P/E ratio of 15.76 and a beta of 0.56.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $923.10 million. On average, research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Activity at StoneX Group

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 transaction, the director directly owned 115,749 shares of the company's stock, valued at approximately $11,111,904. This trade represents a 0.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.70% of the stock is currently owned by insiders.

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.