Highland Capital Management LLC Invests $209,000 in StoneX Group Inc. $SNEX

Highland Capital Management LLC acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 2,293 shares of the company’s stock, valued at approximately $209,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in StoneX Group by 16.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,024 shares of the company’s stock worth $492,000 after acquiring an additional 711 shares during the period. GAMMA Investing LLC lifted its holdings in StoneX Group by 14,620.5% in the first quarter. GAMMA Investing LLC now owns 56,674 shares of the company’s stock worth $4,329,000 after purchasing an additional 56,289 shares during the period. Rhumbline Advisers grew its position in StoneX Group by 45.9% in the 1st quarter. Rhumbline Advisers now owns 129,081 shares of the company’s stock valued at $9,860,000 after buying an additional 40,603 shares in the last quarter. Millington Financial Advisors LLC increased its stake in StoneX Group by 50.4% during the 1st quarter. Millington Financial Advisors LLC now owns 34,323 shares of the company’s stock valued at $2,593,000 after buying an additional 11,500 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of StoneX Group by 24.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company’s stock worth $30,163,000 after acquiring an additional 76,778 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Price Performance

NASDAQ SNEX opened at $99.00 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. StoneX Group Inc. has a 1 year low of $54.60 and a 1 year high of $106.98. The company has a market cap of $5.16 billion, a PE ratio of 16.87 and a beta of 0.51. The stock’s 50-day moving average price is $96.68 and its two-hundred day moving average price is $89.69.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.17). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. On average, analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Transactions at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the sale, the director owned 115,749 shares in the company, valued at $11,111,904. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SNEX shares. Zacks Research raised StoneX Group to a “strong-buy” rating in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

StoneX Group Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.