Westwind Capital Makes New Investment in StoneX Group Inc. $SNEX

Westwind Capital acquired a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 56,266 shares of the company’s stock, valued at approximately $3,637,000. StoneX Group makes up 0.9% of Westwind Capital’s investment portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in shares of StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the last quarter. Basecamp Wealth Advisors LLC grew its holdings in shares of StoneX Group by 49.7% during the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. BayBridge Capital Group LLC raised its position in shares of StoneX Group by 5.3% in the second quarter. BayBridge Capital Group LLC now owns 4,166 shares of the company’s stock valued at $494,000 after buying an additional 208 shares during the last quarter. Versant Capital Management Inc raised its position in shares of StoneX Group by 51.1% in the third quarter. Versant Capital Management Inc now owns 630 shares of the company’s stock valued at $41,000 after buying an additional 213 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new position in shares of StoneX Group during the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Down 2.2%

Shares of SNEX traded down $1.36 during mid-day trading on Thursday, hitting $60.10. The company had a trading volume of 1,398,841 shares, compared to its average volume of 1,078,383. StoneX Group Inc. has a 1-year low of $36.45 and a 1-year high of $94.66. The business’s 50-day simple moving average is $68.33 and its 200-day simple moving average is $71.71. The stock has a market cap of $7.25 billion, a PE ratio of 14.35 and a beta of 0.62. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.86 by $0.14. The firm had revenue of $39.71 billion during the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Sell-side analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Insider Activity at StoneX Group

In related news, CFO William Dunaway sold 96,490 shares of the stock in a transaction on 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 transaction, the chief financial officer directly owned 502,203 shares of the company’s stock, valued at approximately $33,321,169.05. This trade represents a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Smith sold 56,250 shares of StoneX Group stock in a transaction on Monday, September 28th. The shares were sold at an average price of $65.69, for a total value of $3,695,062.50. Following the completion of the transaction, the chief executive officer owned 738,216 shares in the company, valued at $48,493,409.04. The trade was a 7.08% 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. Over the last three months, insiders sold 731,928 shares of company stock worth $51,626,582. 11.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen lowered shares of StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Weiss Ratings cut StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, StoneX Group has an average rating of “Hold” and a consensus price target of $112.00.

StoneX Group 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.