Tectonic Advisors LLC Takes $215,000 Position in StoneX Group Inc. $SNEX

Tectonic Advisors LLC acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,357 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in shares of StoneX Group in the first quarter valued at approximately $251,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of StoneX Group by 51.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company’s stock valued at $582,000 after acquiring an additional 2,598 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in StoneX Group by 49.7% during the first quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company’s stock valued at $256,000 after purchasing an additional 1,112 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in StoneX Group by 8.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 843,524 shares of the company’s stock valued at $64,428,000 after purchasing an additional 67,747 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in StoneX Group by 55.1% during the first quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company’s stock valued at $1,804,000 after purchasing an additional 8,390 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Stock Down 3.5%

Shares of NASDAQ:SNEX opened at $95.83 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. The company has a market cap of $5.00 billion, a PE ratio of 16.33 and a beta of 0.51. StoneX Group Inc. has a 52 week low of $55.85 and a 52 week high of $106.98. The firm has a 50 day simple moving average of $96.81 and a 200 day simple moving average of $90.06.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 EPS 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 net margin of 0.23% and a return on equity of 16.20%. As a group, research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Insider Activity at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were 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 approximately $11,111,904. This represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.70% of the company’s stock.

About StoneX Group

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.