StoneX Group (NASDAQ:SNEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of StoneX Group (NASDAQ:SNEX) from a hold rating to a buy rating in a research note released on Saturday.

SNEX has been the topic of several other reports. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Jefferies Financial Group raised their price target on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

StoneX Group Trading Up 3.7%

SNEX opened at $125.01 on Friday. The firm has a market capitalization of $6.56 billion, a P/E ratio of 18.66 and a beta of 0.44. The firm’s 50 day moving average is $102.70 and its 200-day moving average is $97.65. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. StoneX Group has a 52-week low of $65.00 and a 52-week high of $127.63.

StoneX Group’s stock is set to split on the morning of Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly created shares will be issued to shareholders after the market closes on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The company had revenue of $724.00 million during the quarter, compared to the consensus estimate of $1.24 billion. Analysts expect that StoneX Group will post 8.7 EPS for the current fiscal year.

Insider Transactions at StoneX Group

In other news, Chairman John Radziwill bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average price of $97.25 per share, for a total transaction of $97,250.00. Following the transaction, the chairman owned 101,596 shares in the company, valued at $9,880,211. The trade was a 0.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $112.70, for a total value of $126,787.50. Following the sale, the director directly owned 113,765 shares in the company, valued at approximately $12,821,315.50. This represents a 0.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,979 shares of company stock worth $683,257. 11.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SNEX. Geode Capital Management LLC grew its position in shares of StoneX Group by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 1,212,568 shares of the company’s stock valued at $115,369,000 after buying an additional 74,515 shares during the last quarter. Millington Financial Advisors LLC boosted its stake in StoneX Group by 3.4% in the fourth quarter. Millington Financial Advisors LLC now owns 30,583 shares of the company’s stock valued at $2,909,000 after acquiring an additional 1,013 shares during the period. Key Financial Inc boosted its stake in StoneX Group by 608.3% in the fourth quarter. Key Financial Inc now owns 935 shares of the company’s stock valued at $89,000 after acquiring an additional 803 shares during the period. Harbour Investments Inc. grew its holdings in shares of StoneX Group by 1,136.2% during the fourth quarter. Harbour Investments Inc. now owns 2,015 shares of the company’s stock valued at $192,000 after purchasing an additional 1,852 shares during the last quarter. Finally, 12th Street Asset Management Company LLC raised its position in shares of StoneX Group by 0.3% during the 4th quarter. 12th Street Asset Management Company LLC now owns 124,321 shares of the company’s stock worth $11,827,000 after purchasing an additional 404 shares during the period. 75.93% of the stock is currently owned by institutional investors.

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.