StoneX Group Inc. $SNEX Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its position in StoneX Group Inc. (NASDAQ:SNEX) by 29.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 277,160 shares of the company’s stock after selling 113,472 shares during the quarter. Tidal Investments LLC’s holdings in StoneX Group were worth $32,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Rakuten Securities Inc. purchased a new stake in StoneX Group in the 2nd quarter valued at $26,000. Cassaday & Co Wealth Management LLC acquired a new position in StoneX Group in the first quarter valued at $34,000. Sterling Capital Management LLC raised its holdings in shares of StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after buying an additional 156 shares during the last quarter. Basecamp Wealth Advisors LLC raised its holdings in shares of StoneX Group by 49.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after buying an additional 280 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Trading Up 0.4%

Shares of SNEX stock opened at $69.34 on Thursday. The business’s fifty day moving average price is $71.99 and its 200 day moving average price is $73.21. StoneX Group Inc. has a 1-year low of $36.45 and a 1-year high of $94.66. The firm has a market capitalization of $8.36 billion, a PE ratio of 16.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39.

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

Analyst Ratings Changes

SNEX has been the topic of a number of research reports. Jefferies Financial Group lowered StoneX Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings downgraded StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, StoneX Group has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

Insider Transactions at StoneX Group

In related news, Director Dhamu Thamodaran acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $64.48 per share, with a total value of $161,200.00. Following the completion of the acquisition, the director owned 75,760 shares in the company, valued at approximately $4,885,004.80. This represents a 3.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William Dunaway sold 96,490 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the transaction, the chief financial officer owned 502,203 shares in the company, valued at $33,321,169.05. The trade was a 16.12% 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. Over the last three months, insiders have sold 995,872 shares of company stock valued at $78,942,625. 11.79% of the stock is owned by company insiders.

StoneX Group 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.