Walleye Capital LLC Buys 17,321 Shares of StoneX Group Inc. $SNEX

Key Points

• Walleye Capital LLC increased its stake in StoneX Group Inc. by 31.1%, acquiring an additional 17,321 shares for a total ownership of approximately $5.57 million as of the latest reporting period.
• StoneX Group has received an upgrade to a "strong-buy" rating from Zacks Research, contributing to an average rating of "Strong Buy" across analysts.
• In insider trading news, Director John Moore Fowler sold 1,125 shares at $96 each, while Chairman John Radziwill bought 1,400 shares at $85 each, indicating varied insider sentiment on the stock.

Walleye Capital LLC grew its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 31.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,966 shares of the company's stock after purchasing an additional 17,321 shares during the period. Walleye Capital LLC owned approximately 0.15% of StoneX Group worth $5,573,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SNEX. Ridgewood Investments LLC lifted its stake in shares of StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after purchasing an additional 150 shares during the last quarter. Simplex Trading LLC purchased a new stake in shares of StoneX Group in the first quarter worth approximately $47,000. GAMMA Investing LLC raised its holdings in shares of StoneX Group by 92.7% in the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares during the period. IFP Advisors Inc raised its holdings in shares of StoneX Group by 74,100.0% in the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after buying an additional 741 shares during the period. Finally, CWM LLC raised its holdings in shares of StoneX Group by 78.4% in the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after buying an additional 355 shares during the period. 75.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 issued a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Strong Buy".

Insider Transactions at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction 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 transaction, the director directly owned 115,749 shares in the company, valued at $11,111,904. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John Radziwill acquired 1,400 shares of StoneX Group stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the acquisition, the chairman directly owned 100,240 shares in the company, valued at $8,520,400. This trade represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 45,305 shares of company stock valued at $3,859,233. Company insiders own 11.70% of the company's stock.

StoneX Group Trading Down 0.8%

Shares of NASDAQ SNEX opened at $98.02 on Tuesday. The business's 50 day moving average price is $92.63 and its 200-day moving average price is $85.46. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 16.70 and a beta of 0.57. StoneX Group Inc. has a fifty-two week low of $50.31 and a fifty-two week high of $100.40. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.17). The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. On average, sell-side analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

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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