Csenge Advisory Group Invests $1.74 Million in StoneX Group Inc. $SNEX

Csenge Advisory Group bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the third quarter, HoldingsChannel reports. The fund bought 17,263 shares of the company’s stock, valued at approximately $1,742,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNEX. Private Trust Co. NA boosted its position in shares of StoneX Group by 2,109.1% during the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock worth $25,000 after acquiring an additional 232 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in StoneX Group in the third quarter valued at approximately $37,000. Nisa Investment Advisors LLC increased its stake in StoneX Group by 1,272.7% in the second quarter. Nisa Investment Advisors LLC now owns 453 shares of the company’s stock valued at $41,000 after purchasing an additional 420 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in StoneX Group by 37.8% in the second quarter. Public Employees Retirement System of Ohio now owns 722 shares of the company’s stock valued at $66,000 after purchasing an additional 198 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in StoneX Group by 50.0% during the first quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock worth $63,000 after purchasing an additional 277 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

StoneX Group Stock Performance

Shares of StoneX Group stock opened at $108.30 on Friday. The firm’s fifty day simple moving average is $94.99 and its 200-day simple moving average is $95.59. StoneX Group Inc. has a 12 month low of $65.00 and a 12 month high of $110.54. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 18.38 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Monday, November 24th. The company reported $1.57 earnings per share 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 analyst estimates of $1.04 billion. StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.During the same quarter in the prior year, the company earned $2.32 EPS. As a group, equities analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $91.20, for a total transaction of $102,600.00. Following the transaction, the director owned 114,769 shares of the company’s stock, valued at $10,466,932.80. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Diego Rotsztain sold 2,477 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $94.91, for a total value of $235,092.07. Following the sale, the insider directly owned 17,527 shares of the company’s stock, valued at approximately $1,663,487.57. This represents a 12.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,979 shares of company stock valued at $659,070 over the last quarter. 11.70% of the stock is currently owned by insiders.

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.