VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1 Million in StoneX Group Inc. $SNEX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in StoneX Group Inc. (NASDAQ:SNEX) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,998 shares of the company’s stock, valued at approximately $1,002,000.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in shares of StoneX Group in the 1st quarter worth about $251,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of StoneX Group by 51.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company’s stock valued at $582,000 after buying an additional 2,598 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of StoneX Group by 49.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company’s stock valued at $256,000 after buying an additional 1,112 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in shares of StoneX Group by 8.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 843,524 shares of the company’s stock valued at $64,428,000 after buying an additional 67,747 shares during the period. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of StoneX Group by 55.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company’s stock valued at $1,804,000 after buying an additional 8,390 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 115,749 shares in the company, valued at $11,111,904. This trade represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.70% of the stock is currently owned by company insiders.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $99.77 on Friday. StoneX Group Inc. has a fifty-two week low of $56.13 and a fifty-two week high of $106.98. The business has a 50 day moving average price of $98.47 and a two-hundred day moving average price of $91.58. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. The firm has a market cap of $5.21 billion, a PE ratio of 17.00 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 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. Sell-side analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SNEX shares. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.