Westwind Capital Makes New Investment in StoneX Group Inc. $SNEX

Westwind Capital bought a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) during the 3rd quarter, Holdings Channel.com reports. The firm bought 56,266 shares of the company’s stock, valued at approximately $3,637,000. StoneX Group comprises approximately 0.9% of Westwind Capital’s holdings, making the stock its 27th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CX Institutional increased its holdings in StoneX Group by 44,134.2% in the 3rd quarter. CX Institutional now owns 69,890 shares of the company’s stock valued at $4,518,000 after purchasing an additional 69,732 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of StoneX Group by 51.1% during the third quarter. Versant Capital Management Inc now owns 630 shares of the company’s stock worth $41,000 after purchasing an additional 213 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of StoneX Group by 9.5% during the second quarter. WINTON GROUP Ltd now owns 81,529 shares of the company’s stock worth $9,661,000 after purchasing an additional 7,078 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of StoneX Group in the second quarter worth about $488,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of StoneX Group in the second quarter worth about $111,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings downgraded shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $112.00.

Insider Activity at StoneX Group

In other news, CFO William J. Dunaway sold 96,490 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 502,203 shares of the company’s stock, valued at approximately $33,321,169.05. This trade represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Diego Rotsztain sold 20,298 shares of StoneX Group stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $67.13, for a total transaction of $1,362,604.74. Following the completion of the sale, the insider owned 34,870 shares of the company’s stock, valued at approximately $2,340,823.10. This trade represents a 36.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 731,928 shares of company stock worth $51,626,582 over the last ninety days. Company insiders own 11.79% of the company’s stock.

StoneX Group Stock Down 2.2%

Shares of NASDAQ SNEX traded down $1.36 during midday trading on Thursday, reaching $60.10. 1,398,841 shares of the company’s stock were exchanged, compared to its average volume of 1,078,383. 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 $7.25 billion, a PE ratio of 14.35 and a beta of 0.62. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The business’s fifty day moving average price is $68.33 and its two-hundred day moving average price is $71.71.

StoneX Group (NASDAQ:SNEX) last issued its quarterly 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 firm had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. Analysts forecast that StoneX Group Inc. will post 4.35 EPS for the current year.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.