StoneX Group Inc. $SNEX Stake Boosted by Hennessy Advisors Inc.

Hennessy Advisors Inc. increased its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 45.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 820,700 shares of the company’s stock after acquiring an additional 256,100 shares during the period. StoneX Group comprises approximately 2.0% of Hennessy Advisors Inc.’s portfolio, making the stock its 6th biggest holding. Hennessy Advisors Inc.’s holdings in StoneX Group were worth $53,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in shares of StoneX Group during the 2nd quarter worth $26,000. Root Financial Partners LLC bought a new position in shares of StoneX Group in the 3rd quarter valued at approximately $31,000. Fortitude Family Office LLC raised its position in shares of StoneX Group by 1,175.0% in the third quarter. Fortitude Family Office LLC now owns 510 shares of the company’s stock valued at $33,000 after purchasing an additional 470 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of StoneX Group during the 1st quarter worth $34,000. Finally, Sterling Capital Management LLC grew its stake in StoneX Group by 48.7% in the 1st 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. Institutional investors own 75.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SNEX. Weiss Ratings lowered StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One 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, the company currently has an average rating of “Hold” and an average price target of $112.00.

StoneX Group Stock Performance

Shares of StoneX Group stock opened at $52.83 on Monday. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 12.61 and a beta of 0.66. The firm has a fifty day moving average of $64.22 and a two-hundred day moving average of $71.67.

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

Insiders Place Their Bets

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

StoneX Group Profile

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.