Maryland State Retirement & Pension System Lowers Position in StoneX Group Inc. $SNEX

Maryland State Retirement & Pension System trimmed its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 47.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,674 shares of the company’s stock after selling 6,121 shares during the quarter. Maryland State Retirement & Pension System’s holdings in StoneX Group were worth $674,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SNEX. Commonwealth Equity Services LLC lifted its holdings in shares of StoneX Group by 1,708.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 72,823 shares of the company’s stock worth $7,349,000 after acquiring an additional 68,796 shares during the last quarter. Milestone Asset Management LLC purchased a new stake in StoneX Group in the third quarter valued at approximately $1,885,000. Orion Porfolio Solutions LLC acquired a new position in StoneX Group during the second quarter worth $1,972,000. Goldentree Asset Management LP acquired a new position in StoneX Group during the second quarter worth $32,482,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of StoneX Group by 11.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 157,033 shares of the company’s stock worth $15,885,000 after buying an additional 16,400 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at StoneX Group

In other news, insider Diego Rotsztain sold 2,029 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $94.50, for a total value of $191,740.50. Following the sale, the insider directly owned 15,498 shares in the company, valued at approximately $1,464,561. This trade represents a 11.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $102,600.00. Following the sale, the director directly owned 114,769 shares of the company’s stock, valued at approximately $10,466,932.80. This trade represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,979 shares of company stock valued at $659,070 over the last 90 days. 11.70% of the stock is owned by corporate insiders.

StoneX Group Trading Up 0.2%

SNEX opened at $110.32 on Friday. StoneX Group Inc. has a 12 month low of $65.00 and a 12 month high of $111.33. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 18.72 and a beta of 0.46. 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 fifty day moving average price of $96.49 and a 200 day moving average price of $96.00.

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

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.