StoneX Group (NASDAQ:SNEX) Rating Lowered to Hold at Wall Street Zen

StoneX Group (NASDAQ:SNEXGet Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

Read Our Latest Analysis on SNEX

StoneX Group Price Performance

SNEX opened at $65.84 on Friday. The business’s fifty day moving average is $79.50 and its two-hundred day moving average is $74.87. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 15.72 and a beta of 0.66. StoneX Group has a one year low of $36.45 and a one year high of $94.66.

StoneX Group (NASDAQ:SNEXGet Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The company had revenue of $718.00 million for the quarter, compared to analyst estimates of $1.32 billion. Analysts anticipate that StoneX Group will post 4.35 EPS for the current fiscal year.

Insider Activity at StoneX Group

In related news, CEO Philip Andrew Smith sold 77,310 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $79.15, for a total value of $6,118,828.80. Following the completion of the transaction, the chief executive officer owned 738,216 shares of the company’s stock, valued at approximately $58,427,335.68. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean Michael Oconnor sold 210,105 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $73.54, for a total transaction of $15,451,121.70. Following the sale, the chairman directly owned 1,855,381 shares in the company, valued at $136,444,718.74. This represents a 10.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,447,602 shares of company stock valued at $113,460,123. 11.79% of the stock is owned by insiders.

Hedge Funds Weigh In On StoneX Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new stake in StoneX Group in the 1st quarter worth approximately $34,000. Sterling Capital Management LLC lifted its stake in shares of StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the period. Basecamp Wealth Advisors LLC boosted its holdings in shares of StoneX Group by 49.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in shares of StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after purchasing an additional 280 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of StoneX Group in the second quarter valued at $42,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

About StoneX Group

(Get Free Report)

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.

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