StoneX Group Inc. $SNEX Shares Purchased by Hiddenite Capital Partners LP

Hiddenite Capital Partners LP boosted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 12.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 150,000 shares of the company’s stock after acquiring an additional 16,611 shares during the period. StoneX Group accounts for 1.7% of Hiddenite Capital Partners LP’s portfolio, making the stock its 19th largest position. Hiddenite Capital Partners LP’s holdings in StoneX Group were worth $9,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Salomon & Ludwin LLC boosted its position in shares of StoneX Group by 49.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,345 shares of the company’s stock worth $87,000 after purchasing an additional 448 shares during the last quarter. Bridge City Capital LLC grew its stake in shares of StoneX Group by 140.8% during the third quarter. Bridge City Capital LLC now owns 42,979 shares of the company’s stock worth $2,778,000 after purchasing an additional 25,131 shares during the period. Woodmont Investment Counsel LLC increased its holdings in StoneX Group by 16.7% in the third quarter. Woodmont Investment Counsel LLC now owns 370,897 shares of the company’s stock valued at $23,975,000 after purchasing an additional 52,977 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in StoneX Group by 45.2% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,268 shares of the company’s stock valued at $858,000 after purchasing an additional 4,132 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in StoneX Group by 45.4% in the third quarter. Hennessy Advisors Inc. now owns 820,700 shares of the company’s stock valued at $53,050,000 after purchasing an additional 256,100 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

Insider Transactions at StoneX Group

In other news, insider Abigail H. Perkins sold 8,924 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $68.83, for a total transaction of $614,238.92. Following the completion of the transaction, the insider directly owned 87,739 shares in the company, valued at $6,039,075.37. This represents a 9.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Diego Rotsztain sold 20,298 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $67.13, for a total transaction of $1,362,604.74. Following the transaction, the insider owned 34,870 shares of the company’s stock, valued at approximately $2,340,823.10. This represents a 36.79% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 548,205 shares of company stock worth $35,532,883. 11.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings downgraded shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Finally, Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, StoneX Group has a consensus rating of “Hold” and an average target price of $112.00.

StoneX Group Price Performance

NASDAQ SNEX opened at $53.91 on Tuesday. 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 Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The company has a market capitalization of $6.50 billion, a PE ratio of 12.87 and a beta of 0.62. The firm’s 50 day moving average is $63.93 and its 200-day moving average is $71.59.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The business had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. Equities research analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX’s services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.