Swmg LLC Invests $236,000 in StoneX Group Inc. $SNEX

Swmg LLC acquired a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,491 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of StoneX Group during the 2nd quarter worth approximately $1,002,000. New York State Teachers Retirement System bought a new position in shares of StoneX Group during the 2nd quarter worth approximately $3,440,000. TD Asset Management Inc bought a new position in shares of StoneX Group during the 2nd quarter worth approximately $8,677,000. Yousif Capital Management LLC lifted its position in shares of StoneX Group by 2.1% during the 2nd quarter. Yousif Capital Management LLC now owns 16,380 shares of the company’s stock worth $1,493,000 after buying an additional 335 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of StoneX Group by 15.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 140,633 shares of the company’s stock worth $12,782,000 after buying an additional 18,474 shares during the period. Institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Up 0.1%

Shares of SNEX opened at $100.27 on Friday. The stock has a fifty day moving average price of $97.73 and a two-hundred day moving average price of $90.92. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. StoneX Group Inc. has a 52-week low of $55.85 and a 52-week high of $106.98. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 17.08 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 the consensus estimate of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. Analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

SNEX has been the subject of several analyst reports. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate 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.