EFG International AG Acquires Shares of 34,270 StoneX Group Inc. $SNEX

EFG International AG bought a new position in StoneX Group Inc. (NASDAQ:SNEX) during the second quarter, Holdings Channel.com reports. The institutional investor bought 34,270 shares of the company’s stock, valued at approximately $4,061,000.

A number of other large investors have also made changes to their positions in SNEX. BlackRock Inc. purchased a new position in StoneX Group during the second quarter worth approximately $1,343,877,000. Vanguard Group Inc. boosted its position in shares of StoneX Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after acquiring an additional 11,240 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of StoneX Group by 18.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after purchasing an additional 439,771 shares during the period. Dimensional Fund Advisors LP increased its position in StoneX Group by 50.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after purchasing an additional 704,493 shares during the last quarter. Finally, State Street Corp raised its stake in StoneX Group by 0.3% during the fourth quarter. State Street Corp now owns 1,829,897 shares of the company’s stock worth $174,078,000 after purchasing an additional 6,220 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at StoneX Group

In other news, Chairman Sean Michael Oconnor sold 112,500 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $90.28, for a total transaction of $10,156,500.00. Following the sale, the chairman owned 1,630,381 shares of the company’s stock, valued at approximately $147,190,796.68. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Philip Andrew Smith sold 77,310 shares of StoneX Group stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $79.15, for a total transaction of $6,118,828.80. Following the completion of the transaction, the chief executive officer owned 738,216 shares of the company’s stock, valued at $58,427,335.68. This trade represents a 9.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,002,340 shares of company stock valued at $79,453,640. Insiders own 11.79% of the company’s stock.

StoneX Group Stock Up 2.8%

StoneX Group stock opened at $69.66 on Wednesday. The company has a market capitalization of $8.40 billion, a PE ratio of 16.63 and a beta of 0.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66. The firm has a 50 day moving average price of $76.25 and a 200 day moving average price of $74.32.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The business had revenue of $718.00 million during the quarter, compared to analyst estimates of $1.32 billion. Research analysts expect that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SNEX has been the subject of several analyst reports. Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Finally, Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $112.00.

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.