Hennessy Advisors Inc. Sells 141,450 Shares of StoneX Group Inc. $SNEX

Hennessy Advisors Inc. lessened its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 20.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 564,600 shares of the company’s stock after selling 141,450 shares during the period. StoneX Group makes up approximately 2.1% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Hennessy Advisors Inc.’s holdings in StoneX Group were worth $66,905,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in StoneX Group in the 2nd quarter valued at $1,343,877,000. Vanguard Group Inc. boosted its position in shares of StoneX Group by 0.3% in the fourth 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 period. Price T Rowe Associates Inc. MD boosted its position 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 acquiring an additional 439,771 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after acquiring an additional 704,493 shares in the last quarter. Finally, State Street Corp increased its position 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 acquiring an additional 6,220 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other StoneX Group news, CFO William J. Dunaway sold 96,490 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the sale, the chief financial officer owned 502,203 shares of the company’s stock, valued at approximately $33,321,169.05. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Abigail H. Perkins sold 4,500 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $64.81, for a total transaction of $291,645.00. Following the transaction, the insider owned 96,663 shares of the company’s stock, valued at $6,264,729.03. This trade represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,002,340 shares of company stock worth $79,453,640 in the last quarter. Corporate insiders own 11.79% of the company’s stock.

StoneX Group Price Performance

StoneX Group stock opened at $68.64 on Friday. 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 52 week low of $36.45 and a 52 week high of $94.66. The stock has a market capitalization of $8.28 billion, a P/E ratio of 16.39 and a beta of 0.66. The stock has a fifty day moving average of $74.90 and a 200-day moving average of $74.15.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.14. The business had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. On average, sell-side analysts expect that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

StoneX Group 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.