29,495 Shares in StoneX Group Inc. $SNEX Bought by Man Group plc

Man Group plc purchased a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) during the second quarter, HoldingsChannel reports. The fund purchased 29,495 shares of the company’s stock, valued at approximately $3,495,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in StoneX Group in the second quarter worth about $1,343,877,000. Wasatch Advisors LP purchased a new stake in StoneX Group during the second quarter valued at approximately $139,730,000. Dimensional Fund Advisors LP lifted its stake in shares of StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after purchasing an additional 704,493 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of StoneX Group by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock valued at $271,261,000 after purchasing an additional 439,771 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of StoneX Group in the 2nd quarter worth approximately $51,254,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNEX has been the topic of several analyst reports. Wall Street Zen downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and cut their target price for the company from $123.00 to $112.00 in a research note on Monday, July 20th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.00.

StoneX Group Price Performance

Shares of SNEX stock opened at $68.48 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The company has a market capitalization of $8.26 billion, a P/E ratio of 16.35 and a beta of 0.66. The company’s 50-day simple moving average is $74.42 and its two-hundred day simple moving average is $73.98. StoneX Group Inc. has a one year low of $36.45 and a one year high of $94.66.

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

Insider Buying and Selling at StoneX Group

In other news, insider Abigail H. Perkins sold 4,500 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $64.81, for a total transaction of $291,645.00. Following the transaction, the insider owned 96,663 shares in the company, valued at approximately $6,264,729.03. This trade represents a 4.45% 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, Director Dhamu R. Thamodaran acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was 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 directly owned 75,760 shares of the company’s stock, valued at $4,885,004.80. This represents a 3.41% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 1,002,340 shares of company stock worth $79,453,640 over the last quarter. Insiders own 11.79% 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.