StoneX Group Inc. $SNEX Stock: Triumph Capital Management Raises Holdings

Triumph Capital Management boosted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 376.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,684 shares of the company’s stock after acquiring an additional 15,550 shares during the quarter. Triumph Capital Management’s holdings in StoneX Group were worth $1,272,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC raised its stake in shares of StoneX Group by 48.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,188 shares of the company’s stock worth $492,000 after acquiring an additional 2,671 shares during the last quarter. Perpetual Ltd lifted its position in shares of StoneX Group by 47.5% during the third quarter. Perpetual Ltd now owns 323,178 shares of the company’s stock worth $20,890,000 after purchasing an additional 104,054 shares in the last quarter. ANB Bank grew its stake in shares of StoneX Group by 50.0% during the third quarter. ANB Bank now owns 5,631 shares of the company’s stock valued at $364,000 after purchasing an additional 1,877 shares during the last quarter. GK Wealth Management LLC grew its stake in shares of StoneX Group by 30.1% during the third quarter. GK Wealth Management LLC now owns 5,302 shares of the company’s stock valued at $343,000 after purchasing an additional 1,226 shares during the last quarter. Finally, Cadent Capital Advisors LLC grew its stake in shares of StoneX Group by 50.0% during the third quarter. Cadent Capital Advisors LLC now owns 8,730 shares of the company’s stock valued at $564,000 after purchasing an additional 2,910 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

SNEX has been the subject of a number of research reports. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $123.00 to $112.00 in a report on Monday, July 20th. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings downgraded StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 29th. Finally, Wall Street Zen lowered StoneX Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $112.00.

Insider Buying and Selling at StoneX Group

In other news, insider Mark Maurer sold 52,648 shares of StoneX Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $66.25, for a total transaction of $3,487,930.00. Following the completion of the sale, the insider owned 236,964 shares in the company, valued at $15,698,865. The trade was a 18.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO William 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 transaction of $6,402,111.50. Following the sale, the chief financial officer directly owned 502,203 shares of the company’s stock, valued at approximately $33,321,169.05. This trade represents 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. Insiders sold a total of 808,076 shares of company stock worth $56,222,114 over the last quarter. Company insiders own 11.79% of the company’s stock.

StoneX Group Trading Down 0.5%

SNEX stock traded down $0.31 during midday trading on Wednesday, reaching $59.93. The stock had a trading volume of 869,617 shares, compared to its average volume of 1,076,286. The business has a fifty day simple moving average of $67.06 and a two-hundred day simple moving average of $71.89. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 14.31 and a beta of 0.62. StoneX Group Inc. has a twelve month low of $36.45 and a twelve month high of $94.66.

StoneX Group (NASDAQ:SNEX) last announced 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 return on equity of 20.18% and a net margin of 0.33%. The firm had revenue of $39.71 billion during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, research analysts expect that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

StoneX Group Company Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.