StoneX Group Inc. $SNEX Stock Holdings Lifted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,300 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in StoneX Group were worth $1,850,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ridgewood Investments LLC raised its stake in StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock valued at $34,000 after purchasing an additional 150 shares during the period. Simplex Trading LLC acquired a new stake in StoneX Group during the 1st quarter valued at $47,000. GAMMA Investing LLC raised its stake in StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after purchasing an additional 357 shares during the period. IFP Advisors Inc raised its stake in StoneX Group by 74,100.0% during the 1st quarter. IFP Advisors Inc now owns 742 shares of the company’s stock valued at $57,000 after purchasing an additional 741 shares during the period. Finally, CWM LLC raised its stake in StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company’s stock valued at $62,000 after purchasing an additional 355 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNEX has been the topic of several recent analyst reports. 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 cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Insider Transactions at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction 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 directly owned 115,749 shares in the company, valued at approximately $11,111,904. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 11.70% of the company’s stock.

StoneX Group Trading Down 3.5%

StoneX Group stock opened at $95.83 on Friday. The company’s fifty day simple moving average is $96.81 and its 200-day simple moving average is $90.13. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. StoneX Group Inc. has a 12 month low of $55.85 and a 12 month high of $106.98. The stock has a market cap of $5.00 billion, a P/E ratio of 16.33 and a beta of 0.51.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.17). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. As a group, sell-side analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

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.