StoneX Group Inc. (NASDAQ:SNEX) - Research analysts at Jefferies Financial Group decreased their FY2021 earnings per share (EPS) estimates for StoneX Group in a research report issued on Monday, October 11th. Jefferies Financial Group analyst D. Fannon now forecasts that the company will post earnings per share of $6.83 for the year, down from their previous forecast of $6.90. Jefferies Financial Group also issued estimates for StoneX Group's Q4 2021 earnings at $1.44 EPS, Q1 2022 earnings at $1.56 EPS and Q2 2022 earnings at $2.00 EPS.
Separately, Zacks Investment Research upgraded StoneX Group from a "hold" rating to a "buy" rating and set a $76.00 target price for the company in a research report on Thursday.
SNEX stock opened at $68.12 on Thursday. The business's 50 day simple moving average is $66.63 and its 200 day simple moving average is $65.44. The firm has a market capitalization of $1.35 billion, a PE ratio of 7.34 and a beta of 1.21. StoneX Group has a 1-year low of $50.02 and a 1-year high of $70.47. The company has a current ratio of 1.65, a quick ratio of 1.25 and a debt-to-equity ratio of 2.45. StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Monday, August 9th. The company reported $1.67 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $1.67. The business had revenue of $431.50 million for the quarter, compared to analysts' expectations of $399.80 million. StoneX Group had a return on equity of 12.57% and a net margin of 0.41%.
Several institutional investors and hedge funds have recently modified their holdings of SNEX. Cohanzick Management LLC purchased a new stake in shares of StoneX Group during the second quarter valued at approximately $30,000. Rockefeller Capital Management L.P. purchased a new stake in StoneX Group in the first quarter worth $32,000. Mutual of America Capital Management LLC increased its position in StoneX Group by 8.9% in the first quarter. Mutual of America Capital Management LLC now owns 2,204 shares of the company's stock worth $144,000 after buying an additional 180 shares during the last quarter. Man Group plc purchased a new stake in StoneX Group in the second quarter worth $200,000. Finally, Jane Street Group LLC purchased a new stake in StoneX Group in the first quarter worth $201,000. 74.03% of the stock is owned by institutional investors.
In other news, CAO Aaron Schroeder sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 31st. The stock was sold at an average price of $70.00, for a total value of $70,000.00. Following the transaction, the chief accounting officer now owns 15,310 shares in the company, valued at $1,071,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sean Michael Oconnor sold 3,729 shares of the firm's stock in a transaction that occurred on Friday, October 1st. The shares were sold at an average price of $66.42, for a total value of $247,680.18. The disclosure for this sale can be found here. In the last three months, insiders sold 26,450 shares of company stock valued at $1,775,600. Insiders own 16.79% of the company's stock.
About StoneX Group
StoneX Group, Inc engages in the provision of brokerage and financial services. It operates through the following segments: Commercial Hedging, Global Payments, Securities, Physical Commodities, and Clearing and Execution Services. The Commercial Hedging segment offers risk management consulting services.
Read More: What is the definition of market timing?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider StoneX Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneX Group wasn't on the list.
While StoneX Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here