StoneX Group Inc. $SNEX Holdings Trimmed by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,948 shares of the company’s stock after selling 378 shares during the quarter. Freedom Investment Management Inc.’s holdings in StoneX Group were worth $633,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in StoneX Group during the first quarter valued at about $251,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of StoneX Group by 51.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company’s stock valued at $582,000 after purchasing an additional 2,598 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of 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 holdings in shares of 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 holdings in shares of 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. Institutional investors own 75.93% of the company’s stock.

StoneX Group Price Performance

Shares of SNEX stock opened at $99.99 on Friday. The stock has a 50 day moving average of $98.63 and a two-hundred day moving average of $91.94. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $5.22 billion, a P/E ratio of 17.03 and a beta of 0.51. StoneX Group Inc. has a 12 month low of $56.60 and a 12 month high of $106.98.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SNEX. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings lowered StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, StoneX Group has a consensus rating of “Hold”.

Insider Activity 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 stock was sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the transaction, 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 available through this hyperlink. Insiders own 11.70% of the company’s stock.

StoneX Group Company 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.