Perpetual Ltd Decreases Stock Position in StoneX Group Inc. $SNEX

Perpetual Ltd cut its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 43.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 367,725 shares of the company’s stock after selling 277,525 shares during the quarter. Perpetual Ltd owned 0.70% of StoneX Group worth $37,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a report on Monday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

StoneX Group Stock Performance

Shares of SNEX opened at $95.71 on Friday. The company has a 50-day simple moving average of $92.88 and a two-hundred day simple moving average of $93.57. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35. The firm has a market capitalization of $5.00 billion, a PE ratio of 16.24 and a beta of 0.44. StoneX Group Inc. has a one year low of $61.32 and a one year high of $106.98.

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

Insider Buying and Selling

In other news, insider Diego Rotsztain sold 2,477 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $94.91, for a total transaction of $235,092.07. Following the sale, the insider owned 17,527 shares in the company, valued at approximately $1,663,487.57. The trade was a 12.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $91.20, for a total transaction of $102,600.00. Following the completion of the transaction, the director owned 114,769 shares of the company’s stock, valued at approximately $10,466,932.80. The trade was a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,950 shares of company stock valued at $467,329 over the last ninety days. Company insiders own 11.70% of the company’s stock.

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.