StoneX Group (NASDAQ:SNEX) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of StoneX Group (NASDAQ:SNEX) from a buy rating to a hold rating in a report issued on Saturday morning.

Other analysts have also issued reports about the stock. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Jefferies Financial Group lifted their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $122.00.

StoneX Group Stock Up 0.5%

SNEX stock opened at $78.36 on Friday. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 17.54 and a beta of 0.42. StoneX Group has a twelve month low of $43.33 and a twelve month high of $88.38. The business has a 50 day moving average price of $112.31 and a two-hundred day moving average price of $101.48. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44. The company had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. Analysts anticipate that StoneX Group will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling at StoneX Group

In related news, insider Abigail H. Perkins sold 8,000 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $126.72, for a total value of $1,013,760.00. Following the sale, the insider owned 48,259 shares in the company, valued at approximately $6,115,380.48. This represents a 14.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Sean Michael Oconnor sold 40,000 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $124.95, for a total value of $4,998,000.00. Following the sale, the chairman directly owned 854,127 shares of the company’s stock, valued at $106,723,168.65. This represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 120,125 shares of company stock worth $14,983,688 in the last three months. 11.79% of the stock is owned by insiders.

Institutional Trading of StoneX Group

A number of hedge funds have recently modified their holdings of SNEX. Private Trust Co. NA grew its stake in StoneX Group by 2,109.1% in the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after buying an additional 232 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in StoneX Group by 4,133.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after acquiring an additional 248 shares during the period. Cullen Frost Bankers Inc. lifted its position in StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after acquiring an additional 242 shares during the last quarter. AlphaQuest LLC lifted its position in StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after acquiring an additional 280 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of StoneX Group during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 75.93% 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.