StoneX Group (NASDAQ:SNEX) Upgraded by Wall Street Zen to “Buy” Rating

StoneX Group (NASDAQ:SNEX) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

SNEX has been the subject of several other reports. Jefferies Financial Group lifted their price target on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

StoneX Group Trading Up 6.2%

StoneX Group stock opened at $120.54 on Friday. StoneX Group has a 12 month low of $65.00 and a 12 month high of $126.24. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. The stock has a market cap of $6.32 billion, a P/E ratio of 17.99 and a beta of 0.45. The company’s fifty day simple moving average is $101.96 and its 200-day simple moving average is $97.41.

StoneX Group’s stock is going to split on Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Wednesday, February 4th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.44. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%.The firm had revenue of $724.00 million during the quarter, compared to analysts’ expectations of $1.24 billion. As a group, sell-side analysts forecast that StoneX Group will post 8.7 EPS for the current fiscal year.

Insider Activity

In other news, insider Diego Rotsztain sold 2,477 shares of the business’s stock in a transaction 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 completion of the sale, the insider directly owned 17,527 shares in the company, valued at approximately $1,663,487.57. The trade was a 12.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $112.70, for a total transaction of $126,787.50. Following the sale, the director directly owned 113,765 shares of the company’s stock, valued at approximately $12,821,315.50. This represents a 0.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,979 shares of company stock valued at $683,257 over the last 90 days. 11.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Choreo LLC increased its stake in shares of StoneX Group by 4.5% in the fourth quarter. Choreo LLC now owns 2,764 shares of the company’s stock worth $270,000 after purchasing an additional 118 shares during the period. Xponance Inc. increased its position in StoneX Group by 3.6% in the 3rd quarter. Xponance Inc. now owns 3,624 shares of the company’s stock worth $366,000 after buying an additional 125 shares during the period. Bank of Montreal Can lifted its holdings in shares of StoneX Group by 1.5% during the second quarter. Bank of Montreal Can now owns 8,640 shares of the company’s stock worth $787,000 after buying an additional 128 shares during the last quarter. Lido Advisors LLC boosted its position in shares of StoneX Group by 3.5% in the third quarter. Lido Advisors LLC now owns 3,925 shares of the company’s stock valued at $396,000 after acquiring an additional 132 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of StoneX Group by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 11,047 shares of the company’s stock worth $1,007,000 after acquiring an additional 137 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

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.