StoneX Group (NASDAQ:SNEX) Upgraded by Weiss Ratings to Buy (B-) Rating

Key Points

• StoneX Group has been upgraded by Weiss Ratings to a "buy (B-)" rating, marking an improvement from its previous "hold (C+)" rating.
• In contrast, Zacks Research has downgraded StoneX Group from a "strong-buy" to a "hold" rating, resulting in mixed analyst opinions with two buy ratings and one hold rating on the stock.
• The company's recent earnings report showed a reported EPS of $1.22, which missed analysts' expectations of $1.39, although revenues exceeded forecasts with $1.02 billion reported.

StoneX Group (NASDAQ:SNEX - Get Free Report) was upgraded by Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a report released on Wednesday,Weiss Ratings reports.

Separately, Zacks Research downgraded shares of StoneX Group from a "strong-buy" rating to a "hold" rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

StoneX Group Trading Up 2.6%

Shares of NASDAQ SNEX opened at $100.53 on Wednesday. The company has a market cap of $5.24 billion, a PE ratio of 17.13 and a beta of 0.51. The firm's 50 day moving average price is $96.79 and its 200-day moving average price is $89.82. StoneX Group has a 52-week low of $55.85 and a 52-week high of $106.98. 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 issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. On average, equities research analysts expect that StoneX Group will post 8.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were 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 in the company, valued at approximately $11,111,904. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Ridgewood Investments LLC raised its position in StoneX Group by 50.0% in the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after acquiring an additional 150 shares during the period. Nisa Investment Advisors LLC raised its position in StoneX Group by 1,272.7% in the second quarter. Nisa Investment Advisors LLC now owns 453 shares of the company's stock worth $41,000 after acquiring an additional 420 shares during the period. Simplex Trading LLC purchased a new stake in shares of StoneX Group in the first quarter worth $47,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 357 shares in the last quarter. Finally, IFP Advisors Inc increased its stake 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 purchasing an additional 741 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

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.

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