Sigma Planning Corp Makes New $851,000 Investment in StoneX Group Inc. $SNEX

Sigma Planning Corp acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 13,172 shares of the company’s stock, valued at approximately $851,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNEX. Rakuten Securities Inc. acquired a new stake in shares of StoneX Group in the second quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in StoneX Group in the third quarter valued at about $31,000. Fortitude Family Office LLC increased its stake in shares of StoneX Group by 1,175.0% in the 3rd quarter. Fortitude Family Office LLC now owns 510 shares of the company’s stock valued at $33,000 after acquiring an additional 470 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in StoneX Group during the 1st quarter worth approximately $34,000. Finally, Sterling Capital Management LLC raised its holdings in StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Performance

NASDAQ SNEX opened at $52.83 on Friday. The firm has a market capitalization of $6.37 billion, a P/E ratio of 12.61 and a beta of 0.62. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. The firm’s fifty day moving average price is $64.22 and its two-hundred day moving average price is $71.67. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66.

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

Insider Activity at StoneX Group

In related news, CFO William J. Dunaway sold 96,490 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $66.35, for a total value of $6,402,111.50. Following the completion of the sale, the chief financial officer directly owned 502,203 shares in the company, valued at approximately $33,321,169.05. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean O’Connor sold 76,148 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $60.35, for a total value of $4,595,531.80. Following the sale, the chairman directly owned 1,831,799 shares in the company, valued at approximately $110,549,069.65. This trade represents a 3.99% 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. Insiders have sold 548,205 shares of company stock valued at $35,532,883 in the last 90 days. Corporate insiders own 11.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SNEX shares. Jefferies Financial Group downgraded 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. Weiss Ratings cut shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 14th. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $112.00.

About StoneX Group

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.