StoneX Group Inc. $SNEX Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its position in StoneX Group Inc. (NASDAQ:SNEX) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 564,600 shares of the company’s stock after selling 141,450 shares during the period. StoneX Group makes up about 2.1% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 6th biggest holding. Hennessy Advisors Inc. owned about 0.47% of StoneX Group worth $66,905,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of StoneX Group during the second quarter worth $1,343,877,000. Vanguard Group Inc. raised its stake in StoneX Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock worth $383,521,000 after buying an additional 11,240 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after acquiring an additional 439,771 shares in the last quarter. Dimensional Fund Advisors LP grew 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 valued at $169,976,000 after acquiring an additional 704,493 shares during the period. Finally, State Street Corp increased its holdings in shares of StoneX Group by 0.3% in the fourth quarter. State Street Corp now owns 1,829,897 shares of the company’s stock worth $174,078,000 after acquiring an additional 6,220 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Sean Michael Oconnor sold 112,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $90.28, for a total transaction of $10,156,500.00. Following the sale, the chairman owned 1,630,381 shares in the company, valued at $147,190,796.68. This represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Philip Andrew Smith sold 77,310 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $79.15, for a total transaction of $6,118,828.80. Following the completion of the transaction, the chief executive officer directly owned 738,216 shares of the company’s stock, valued at $58,427,335.68. This represents a 9.48% 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. Insiders sold 1,002,340 shares of company stock worth $79,453,640 over the last 90 days. Company insiders own 11.79% of the company’s stock.

StoneX Group Stock Up 0.4%

Shares of SNEX stock opened at $68.64 on Friday. The firm’s fifty day moving average price is $74.90 and its two-hundred day moving average price is $74.15. 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. The firm has a market capitalization of $8.28 billion, a P/E ratio of 16.39 and a beta of 0.66.

StoneX Group (NASDAQ:SNEX) last released 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. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The business had revenue of $39.71 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, equities analysts predict that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SNEX. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings lowered shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Finally, Wall Street Zen lowered shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $112.00.

About StoneX Group

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.