Teacher Retirement System of Texas Cuts Position in StoneX Group Inc. $SNEX

Teacher Retirement System of Texas decreased its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 53.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,610 shares of the company’s stock after selling 8,756 shares during the quarter. Teacher Retirement System of Texas’ holdings in StoneX Group were worth $768,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of StoneX Group by 1.5% in the 2nd quarter. Bank of Montreal Can now owns 8,640 shares of the company’s stock valued at $787,000 after purchasing an additional 128 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in StoneX Group by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 11,047 shares of the company’s stock valued at $1,007,000 after buying an additional 137 shares during the last quarter. Amalgamated Bank raised its stake in StoneX Group by 1.2% in the second quarter. Amalgamated Bank now owns 12,329 shares of the company’s stock valued at $1,124,000 after buying an additional 150 shares in the last quarter. MRP Capital Investments LLC lifted its holdings in StoneX Group by 0.6% during the 2nd quarter. MRP Capital Investments LLC now owns 25,530 shares of the company’s stock worth $2,327,000 after buying an additional 155 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of StoneX Group by 35.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 612 shares of the company’s stock worth $62,000 after acquiring an additional 159 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at StoneX Group

In related news, insider Diego Rotsztain sold 2,477 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $94.91, for a total value of $235,092.07. Following the completion of the sale, the insider owned 17,527 shares in the company, valued at $1,663,487.57. This trade represents a 12.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John Radziwill acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were bought 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 represents a 0.99% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 5,854 shares of company stock valued at $556,470 in the last quarter. 11.79% of the stock is currently owned by company insiders.

StoneX Group Price Performance

StoneX Group stock opened at $113.11 on Wednesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35. The business has a 50 day simple moving average of $100.38 and a 200-day simple moving average of $96.97. StoneX Group Inc. has a 12 month low of $65.00 and a 12 month high of $115.18. The stock has a market capitalization of $5.92 billion, a PE ratio of 19.19 and a beta of 0.45.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on SNEX. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. Jefferies Financial Group lifted their target price on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

StoneX Group Company Profile

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.