Perpetual Ltd boosted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX – Free Report) by 47.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 323,178 shares of the company’s stock after acquiring an additional 104,054 shares during the period. Perpetual Ltd’s holdings in StoneX Group were worth $20,890,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of SNEX. BlackRock Inc. purchased a new stake in shares of StoneX Group during the second quarter worth approximately $1,343,877,000. Wasatch Advisors LP purchased a new position in StoneX Group in the second quarter worth approximately $139,730,000. Dimensional Fund Advisors LP lifted its stake in StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after acquiring an additional 704,493 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new position in StoneX Group during the 2nd quarter worth approximately $82,250,000. Finally, Bank of America Corp DE purchased a new stake in shares of StoneX Group in the 2nd quarter valued at approximately $51,370,000. Institutional investors and hedge funds own 75.93% of the company’s stock.
StoneX Group Stock Down 1.4%
SNEX stock opened at $60.38 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. StoneX Group Inc. has a twelve month low of $36.45 and a twelve month high of $94.66. The company’s 50 day moving average is $67.36 and its two-hundred day moving average is $71.82. The stock has a market cap of $7.28 billion, a P/E ratio of 14.41 and a beta of 0.62.
Insider Buying and Selling
In other StoneX Group news, insider Diego Rotsztain sold 30,327 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $68.83, for a total transaction of $2,087,407.41. Following the transaction, the insider owned 55,168 shares of the company’s stock, valued at approximately $3,797,213.44. This trade represents a 35.47% decrease in their ownership of the stock. 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, CFO William Dunaway sold 96,490 shares of StoneX Group stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $66.35, for a total value of $6,402,111.50. Following the sale, the chief financial officer owned 502,203 shares in the company, valued at $33,321,169.05. This trade represents a 16.12% decrease in their position. 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 have sold a total of 731,928 shares of company stock valued at $51,626,582 over the last ninety days. Company insiders own 11.79% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on SNEX shares. Weiss Ratings lowered StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Jefferies Financial Group cut 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. Finally, Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.00.
Read Our Latest Research Report on StoneX Group
StoneX Group Company Profile
StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.
StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.
The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.
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