Texas Permanent School Fund Corp Has $5.96 Million Position in StoneX Group Inc. $SNEX

Texas Permanent School Fund Corp lifted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 25.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 65,397 shares of the company’s stock after buying an additional 13,441 shares during the quarter. Texas Permanent School Fund Corp’s holdings in StoneX Group were worth $5,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in StoneX Group by 1,272.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 453 shares of the company’s stock valued at $41,000 after acquiring an additional 420 shares during the period. Simplex Trading LLC acquired a new position in shares of StoneX Group in the first quarter valued at approximately $47,000. Public Employees Retirement System of Ohio increased its stake in shares of StoneX Group by 37.8% during the second quarter. Public Employees Retirement System of Ohio now owns 722 shares of the company’s stock worth $66,000 after purchasing an additional 198 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of StoneX Group by 25.2% during the first quarter. Smartleaf Asset Management LLC now owns 821 shares of the company’s stock worth $62,000 after purchasing an additional 165 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in StoneX Group by 50.0% during the 1st quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock worth $63,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

Insider Activity at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $91.20, for a total value of $102,600.00. Following the completion of the transaction, the director directly owned 114,769 shares in the company, valued at approximately $10,466,932.80. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.70% of the company’s stock.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $97.10 on Wednesday. The business has a fifty day moving average price of $93.08 and a two-hundred day moving average price of $93.47. The stock has a market capitalization of $5.07 billion, a PE ratio of 16.48 and a beta of 0.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35. StoneX Group Inc. has a fifty-two week low of $60.58 and a fifty-two week high of $106.98.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Monday, November 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business posted $2.32 EPS. As a group, equities analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNEX has been the topic of a number of research reports. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of StoneX Group in a research report on Monday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, StoneX Group currently has an average rating of “Hold”.

StoneX Group Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.