Jefferies Financial Group Forecasts Strong Price Appreciation for StoneX Group (NASDAQ:SNEX) Stock

StoneX Group (NASDAQ:SNEX) had its target price increased by research analysts at Jefferies Financial Group from $99.00 to $122.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 7.86% from the stock’s previous close.

Several other equities analysts have also commented on SNEX. Weiss Ratings reissued a “hold (c+)” rating on shares of StoneX Group in a research report on Monday, December 29th. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

StoneX Group Stock Performance

Shares of SNEX opened at $113.11 on Monday. The company has a 50-day simple moving average of $100.38 and a two-hundred day simple moving average of $96.97. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35. The firm has a market capitalization of $5.92 billion, a PE ratio of 19.19 and a beta of 0.45. StoneX Group has a one year low of $65.00 and a one year high of $115.18.

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

Insider Activity

In other StoneX Group news, insider Diego Rotsztain sold 2,029 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $94.50, for a total transaction of $191,740.50. Following the completion of the sale, the insider directly owned 15,498 shares in the company, valued at approximately $1,464,561. This trade represents a 11.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John Radziwill bought 1,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average price of $97.25 per share, for a total transaction of $97,250.00. Following the purchase, the chairman owned 101,596 shares of the company’s stock, valued at approximately $9,880,211. This represents a 0.99% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 5,854 shares of company stock worth $556,470 over the last three months. 11.79% of the stock is currently owned by insiders.

Institutional Trading of StoneX Group

A number of large investors have recently made changes to their positions in SNEX. Private Trust Co. NA lifted its position in StoneX Group by 2,109.1% during the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. Cornerstone Planning Group LLC raised its stake in StoneX Group by 4,133.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after buying an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after buying an additional 242 shares during the period. AlphaQuest LLC lifted its holdings in shares of StoneX Group by 28,000.0% during the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 280 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in shares of StoneX Group in the 3rd quarter worth $37,000. 75.93% of the stock is currently owned by institutional investors.

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.