B. Metzler seel. Sohn & Co. AG Makes New $3.08 Million Investment in StoneX Group Inc. $SNEX

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the second quarter, HoldingsChannel reports. The institutional investor purchased 25,984 shares of the company’s stock, valued at approximately $3,079,000.

A number of other large investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of StoneX Group in the second quarter valued at approximately $42,000. Silvant Capital Management LLC bought a new position in StoneX Group during the second quarter worth $43,000. Cassaday & Co Wealth Management LLC bought a new position in StoneX Group during the first quarter worth $34,000. Transamerica Financial Advisors LLC raised its stake in StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after purchasing an additional 280 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNEX. Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group cut shares of 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 note on Monday, July 20th. 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 company. According to MarketBeat, StoneX Group has an average rating of “Buy” and an average price target of $112.00.

StoneX Group Stock Performance

SNEX opened at $67.75 on Tuesday. The stock has a market cap of $8.17 billion, a PE ratio of 16.17 and a beta of 0.66. 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 1 year low of $36.45 and a 1 year high of $94.66. The stock’s 50 day simple moving average is $76.62 and its 200-day simple moving average is $74.38.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. The business had revenue of $718.00 million during 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%. Sell-side analysts forecast that StoneX Group Inc. will post 4.35 EPS for the current year.

Insider Transactions at StoneX Group

In other news, insider Mark Lowry Maurer sold 52,648 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $66.25, for a total transaction of $3,487,930.00. Following the completion of the transaction, the insider directly owned 236,964 shares of the company’s stock, valued at approximately $15,698,865. This trade represents a 18.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dhamu R. Thamodaran bought 2,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $64.48 per share, for a total transaction of $161,200.00. Following the completion of the transaction, the director owned 75,760 shares in the company, valued at $4,885,004.80. This represents a 3.41% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 1,002,340 shares of company stock worth $79,453,640. 11.79% of the stock is currently owned by company insiders.

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.