Empowered Funds LLC purchased a new position in StoneX Group Inc. (NASDAQ:SNEX – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 289,293 shares of the company’s stock, valued at approximately $34,281,000.
A number of other institutional investors have also recently made changes to their positions in SNEX. Rakuten Securities Inc. purchased a new stake in shares of StoneX Group during the 2nd quarter valued at $26,000. Cassaday & Co Wealth Management LLC purchased a new position in StoneX Group in the first quarter worth $34,000. Sterling Capital Management LLC grew its position in StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after acquiring an additional 156 shares in the last quarter. Basecamp Wealth Advisors LLC increased its stake in StoneX Group by 49.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in StoneX Group by 183.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.
Insider Activity at StoneX Group
In related news, CFO William J. Dunaway sold 96,490 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the completion of the sale, the chief financial officer directly owned 502,203 shares in the company, valued at $33,321,169.05. This represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Lowry Maurer sold 52,648 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $66.25, for a total value of $3,487,930.00. Following the transaction, the insider owned 236,964 shares in the company, valued at approximately $15,698,865. The trade was a 18.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,002,340 shares of company stock worth $79,453,640 over the last three months. Corporate insiders own 11.79% of the company’s stock.
StoneX Group Price Performance
StoneX Group (NASDAQ:SNEX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The business had revenue of $719.70 million during the quarter, compared to analyst estimates of $1.32 billion. Research analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have issued reports on SNEX shares. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings downgraded StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, StoneX Group has an average rating of “Buy” and a consensus target price of $112.00.
Check Out Our Latest Analysis on StoneX Group
StoneX Group Profile
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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