CSM Advisors LLC Makes New Investment in StoneX Group Inc. $SNEX

CSM Advisors LLC bought a new stake in StoneX Group Inc. (NASDAQ:SNEX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 95,074 shares of the company’s stock, valued at approximately $8,666,000.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC raised its stake in shares of StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock worth $34,000 after buying an additional 150 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in 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 acquiring an additional 420 shares during the period. Simplex Trading LLC bought a new stake in shares of StoneX Group during the 1st quarter valued at $47,000. IFP Advisors Inc lifted its stake in shares of StoneX Group by 74,100.0% in 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 lifted its stake in shares of StoneX Group by 78.4% in 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. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Trading Up 3.5%

NASDAQ SNEX opened at $89.07 on Friday. StoneX Group Inc. has a one year low of $60.58 and a one year high of $106.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The firm has a market cap of $4.65 billion, a P/E ratio of 15.17 and a beta of 0.51. The stock’s 50-day moving average is $97.10 and its 200-day moving average is $92.90.

Insider Transactions at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $91.20, for a total transaction of $102,600.00. Following the sale, the director directly owned 114,769 shares in the company, valued at approximately $10,466,932.80. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 11.70% of the company’s stock.

Analysts Set New Price Targets

SNEX has been the subject of a number of recent analyst reports. 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 research report on Saturday, October 25th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, StoneX Group currently has an average rating of “Hold”.

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.