Jupiter Topco LLC Invests $17.23 Million in StoneX Group Inc. $SNEX

Jupiter Topco LLC purchased a new position in StoneX Group Inc. (NASDAQ:SNEX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 145,448 shares of the company’s stock, valued at approximately $17,235,000. Jupiter Topco LLC owned approximately 0.12% of StoneX Group at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Lido Advisors LLC grew its holdings in StoneX Group by 3.2% in the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after purchasing an additional 125 shares during the period. Maryland State Retirement & Pension System increased its stake in shares of StoneX Group by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock valued at $649,000 after purchasing an additional 144 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of StoneX Group by 5.8% during the fourth quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock valued at $285,000 after purchasing an additional 163 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of StoneX Group by 0.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 24,727 shares of the company’s stock valued at $2,352,000 after purchasing an additional 167 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Performance

SNEX stock opened at $68.64 on Friday. The stock’s 50 day simple moving average is $74.90 and its 200 day simple moving average is $74.15. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The stock has a market capitalization of $8.28 billion, a PE ratio of 16.39 and a beta of 0.66.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates 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 $39.71 billion during the quarter, compared to analyst estimates of $1.32 billion. As a group, research analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other StoneX Group news, Director John Moore Fowler sold 1,575 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $75.41, for a total transaction of $118,770.75. Following the transaction, the director owned 255,271 shares in the company, valued at approximately $19,249,986.11. This represents a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO William J. Dunaway sold 96,490 shares of the firm’s stock in a transaction dated 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 directly owned 502,203 shares in the company, valued at approximately $33,321,169.05. The trade was a 16.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,002,340 shares of company stock worth $79,453,640 in the last three months. 11.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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