EFG International AG Buys New Stake in StoneX Group Inc. $SNEX

EFG International AG bought a new position in StoneX Group Inc. (NASDAQ:SNEX) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 34,270 shares of the company’s stock, valued at approximately $4,061,000.

Several other large investors have also recently modified their holdings of SNEX. Rakuten Securities Inc. bought a new position in shares of StoneX Group during the second quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of StoneX Group during the first quarter worth $34,000. Sterling Capital Management LLC boosted its stake in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the period. Basecamp Wealth Advisors LLC grew its holdings in shares of StoneX Group by 49.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after buying an additional 280 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Up 2.8%

NASDAQ:SNEX opened at $69.66 on Wednesday. The company has a market capitalization of $8.40 billion, a P/E ratio of 16.63 and a beta of 0.66. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66. The firm has a fifty day simple moving average of $76.25 and a 200-day simple moving average of $74.32.

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 the consensus estimate of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The firm had revenue of $718.00 million for the quarter, compared to the consensus estimate of $1.32 billion. On average, equities research analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Insider Buying and Selling at StoneX Group

In related news, CFO William J. Dunaway sold 96,490 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the completion of the transaction, the chief financial officer owned 502,203 shares of the company’s stock, valued at $33,321,169.05. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean Michael Oconnor sold 112,500 shares of the firm’s stock in a transaction 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 transaction, the chairman directly owned 1,630,381 shares of the company’s stock, valued at approximately $147,190,796.68. This trade represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,002,340 shares of company stock valued at $79,453,640. 11.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SNEX shares. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price 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.