Insider Buying: StoneX Group (NASDAQ:SNEX) Director Acquires $161,200.00 in Stock

StoneX Group Inc. (NASDAQ:SNEX) Director Dhamu Thamodaran purchased 2,500 shares of StoneX Group stock in a transaction on Monday, August 10th. The stock was purchased at an average price of $64.48 per share, for a total transaction of $161,200.00. Following the completion of the transaction, the director owned 75,760 shares of the company’s stock, valued at approximately $4,885,004.80. This represents a 3.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

StoneX Group Price Performance

Shares of StoneX Group stock opened at $66.78 on Friday. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 15.94 and a beta of 0.66. The firm’s 50-day moving average price is $78.89 and its two-hundred day moving average price is $74.71. 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 1-year low of $36.45 and a 1-year high of $94.66.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. The company had revenue of $718.00 million during the quarter, compared to analysts’ expectations of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. On average, equities analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On StoneX Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in shares of StoneX Group by 1,562.1% in the 4th quarter. Bessemer Group Inc. now owns 164,249 shares of the company’s stock valued at $15,626,000 after purchasing an additional 154,367 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of StoneX Group by 18,363.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 26,772 shares of the company’s stock worth $2,547,000 after purchasing an additional 26,627 shares during the last quarter. Leuthold Group LLC grew its stake in shares of StoneX Group by 834.0% during the fourth quarter. Leuthold Group LLC now owns 30,487 shares of the company’s stock worth $2,900,000 after purchasing an additional 27,223 shares during the period. Vanguard Group Inc. increased its holdings in StoneX Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after purchasing an additional 11,240 shares during the last quarter. Finally, Horizon Investments LLC increased its holdings in StoneX Group by 2.6% in the fourth quarter. Horizon Investments LLC now owns 22,166 shares of the company’s stock valued at $2,109,000 after purchasing an additional 571 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SNEX. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings downgraded shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $112.00.

StoneX Group Company 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.