Coppell Advisory Solutions LLC Buys Shares of 31,541 StoneX Group Inc. $SNEX

Coppell Advisory Solutions LLC purchased a new position in shares of StoneX Group Inc. (NASDAQ:SNEXFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 31,541 shares of the company’s stock, valued at approximately $3,738,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNEX. Rakuten Securities Inc. acquired a new stake in shares of StoneX Group during the second quarter worth $26,000. Cassaday & Co Wealth Management LLC acquired a new position in StoneX Group in the first quarter valued at $34,000. Sterling Capital Management LLC lifted its holdings in StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after buying an additional 156 shares during the period. Basecamp Wealth Advisors LLC boosted its position in StoneX Group by 49.7% during 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 boosted its position in StoneX Group by 183.0% during 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 and hedge funds own 75.93% of the company’s stock.

Insiders Place Their Bets

In other StoneX Group news, 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 completion of the sale, the insider owned 236,964 shares of the company’s stock, valued at approximately $15,698,865. This trade represents a 18.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO William J. Dunaway sold 96,490 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $66.35, for a total value of $6,402,111.50. Following the completion of the sale, the chief financial officer directly owned 502,203 shares of the company’s stock, valued at $33,321,169.05. This trade represents a 16.12% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders own 11.79% of the company’s stock.

StoneX Group Trading Down 1.4%

NASDAQ:SNEX opened at $66.86 on Thursday. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 15.96 and a beta of 0.63. The firm has a fifty day simple moving average of $73.46 and a two-hundred day simple moving average of $73.74.

StoneX Group (NASDAQ:SNEXGet Free Report) last announced its quarterly earnings data 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. The firm had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Analysts expect that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Wall Street Zen lowered StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings cut StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 28th. Finally, Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

View Our Latest Analysis on StoneX Group

StoneX Group Company Profile

(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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Institutional Ownership by Quarter for StoneX Group (NASDAQ:SNEX)

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