Convergence Investment Partners LLC Sells 595 Shares of StoneX Group Inc. $SNEX

Convergence Investment Partners LLC lowered its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 2.6% during the second quarter, HoldingsChannel reports. The firm owned 22,144 shares of the company’s stock after selling 595 shares during the quarter. Convergence Investment Partners LLC’s holdings in StoneX Group were worth $2,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC raised its stake in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of StoneX Group by 1,272.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 453 shares of the company’s stock worth $41,000 after purchasing an additional 420 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of StoneX Group during the 1st quarter worth approximately $47,000. GAMMA Investing LLC raised its stake in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock worth $57,000 after purchasing an additional 357 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of StoneX Group by 74,100.0% during the 1st quarter. IFP Advisors Inc now owns 742 shares of the company’s stock worth $57,000 after purchasing an additional 741 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

StoneX Group Stock Up 0.2%

SNEX opened at $99.99 on Monday. StoneX Group Inc. has a 1-year low of $56.60 and a 1-year high of $106.98. The stock’s fifty day simple moving average is $98.63 and its 200 day simple moving average is $92.05. 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 stock has a market cap of $5.22 billion, a PE ratio of 17.03 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 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $923.10 million. As a group, research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In other StoneX Group 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 transaction, the director directly owned 115,749 shares of the company’s stock, valued at $11,111,904. This represents a 0.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 11.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNEX has been the topic of a number of analyst reports. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings cut StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

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.