StoneX Group (NASDAQ:SNEX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of StoneX Group (NASDAQ:SNEX) from a hold rating to a buy rating in a report issued on Sunday.

SNEX has been the topic of a number of other research reports. Jefferies Financial Group increased their price objective on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. William Blair reiterated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $122.00.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $86.89 on Friday. The stock’s 50-day moving average is $108.75 and its two-hundred day moving average is $100.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.80 and a quick ratio of 1.34. StoneX Group has a 1-year low of $45.58 and a 1-year high of $88.38. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 19.45 and a beta of 0.42.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $1.24 billion. Analysts forecast that StoneX Group will post 8.7 EPS for the current fiscal year.

Insider Activity at StoneX Group

In other StoneX Group news, Director Annabelle G. Bexiga sold 1,000 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $106.54, for a total transaction of $106,540.00. Following the completion of the sale, the director directly owned 16,459 shares of the company’s stock, valued at approximately $1,753,541.86. This trade represents a 5.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Lowry Maurer sold 40,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $124.88, for a total value of $4,995,200.00. Following the sale, the insider directly owned 90,331 shares of the company’s stock, valued at $11,280,535.28. The trade was a 30.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 120,125 shares of company stock worth $14,983,688 in the last ninety days. Company insiders own 11.79% of the company’s stock.

Institutional Trading of StoneX Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of StoneX Group by 129.0% in the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after buying an additional 43,678 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of StoneX Group in the 1st quarter valued at approximately $449,000. Goldman Sachs Group Inc. lifted its holdings in shares of StoneX Group by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock valued at $17,240,000 after buying an additional 13,815 shares during the period. United Services Automobile Association acquired a new stake in shares of StoneX Group in the 1st quarter valued at approximately $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of StoneX Group by 55.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock valued at $8,182,000 after buying an additional 38,073 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.

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.