Allspring Global Investments Holdings LLC Acquires 16,400 Shares of StoneX Group Inc. $SNEX

Allspring Global Investments Holdings LLC lifted its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,033 shares of the company’s stock after buying an additional 16,400 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in StoneX Group were worth $15,885,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Royal Bank of Canada grew its position in StoneX Group by 129.0% in the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after acquiring an additional 43,678 shares during the last quarter. Amundi grew its holdings in shares of StoneX Group by 25.5% in the first quarter. Amundi now owns 17,951 shares of the company’s stock worth $1,332,000 after purchasing an additional 3,653 shares during the last quarter. Hancock Whitney Corp increased its stake in StoneX Group by 71.7% in the 1st quarter. Hancock Whitney Corp now owns 5,233 shares of the company’s stock worth $400,000 after buying an additional 2,186 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in StoneX Group by 149.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,209 shares of the company’s stock valued at $2,995,000 after buying an additional 23,476 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in StoneX Group during the 1st quarter valued at about $449,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SNEX shares. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Insider Buying and Selling at StoneX Group

In related news, Chairman John Radziwill purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average cost of $97.25 per share, for a total transaction of $97,250.00. Following the acquisition, the chairman owned 101,596 shares of the company’s stock, valued at $9,880,211. The trade was a 0.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the completion of the transaction, the director directly owned 114,769 shares of the company’s stock, valued at approximately $10,466,932.80. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,979 shares of company stock valued at $659,070. 11.70% of the stock is currently owned by corporate insiders.

StoneX Group Trading Up 2.4%

NASDAQ:SNEX opened at $97.38 on Monday. StoneX Group Inc. has a one year low of $64.42 and a one year high of $106.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.35 and a current ratio of 1.72. The firm has a market cap of $5.09 billion, a P/E ratio of 16.52 and a beta of 0.46. The firm has a 50-day simple moving average of $92.35 and a 200-day simple moving average of $94.58.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.04 billion. StoneX Group had a net margin of 0.23% and a return on equity of 15.27%. During the same quarter in the prior year, the business posted $2.32 earnings per share. Equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

About StoneX Group

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.