Mitsubishi UFJ Trust & Banking Corp Increases Position in StoneX Group Inc. $SNEX

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 551.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,724 shares of the company’s stock after purchasing an additional 26,855 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of StoneX Group worth $3,202,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SNEX. Private Trust Co. NA increased its position in StoneX Group by 2,109.1% during the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after buying an additional 232 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of StoneX Group in the third quarter worth $37,000. Nisa Investment Advisors LLC increased its holdings in shares of StoneX Group by 1,272.7% during the second quarter. Nisa Investment Advisors LLC now owns 453 shares of the company’s stock valued at $41,000 after acquiring an additional 420 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of StoneX Group by 50.0% during the first quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock valued at $63,000 after acquiring an additional 277 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of StoneX Group by 37.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 722 shares of the company’s stock worth $66,000 after purchasing an additional 198 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Buying and Selling at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the completion of the sale, the director owned 114,769 shares of the company’s stock, valued at $10,466,932.80. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman John Radziwill bought 1,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was purchased at an average cost of $97.25 per share, for a total transaction of $97,250.00. Following the acquisition, the chairman owned 101,596 shares of the company’s stock, valued at $9,880,211. This trade represents a 0.99% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders sold 6,979 shares of company stock worth $659,070. Insiders own 11.70% of the company’s stock.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $112.26 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.35 and a current ratio of 1.72. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 19.05 and a beta of 0.46. The business has a 50-day simple moving average of $99.30 and a two-hundred day simple moving average of $96.61. StoneX Group Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $113.97.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. On average, analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SNEX shares. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About StoneX Group

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.