StoneX Group (NASDAQ:SNEX) Rating Lowered to Hold at Wall Street Zen

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

SNEX has been the subject of a number of other reports. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. William Blair reissued an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. Jefferies Financial Group upped their price target on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $122.00.

StoneX Group Stock Performance

Shares of SNEX opened at $78.36 on Friday. The company has a 50-day simple moving average of $112.31 and a 200-day simple moving average of $101.44. The company has a quick ratio of 1.34, a current ratio of 1.80 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $6.17 billion, a PE ratio of 17.54 and a beta of 0.42. StoneX Group has a 52-week low of $43.33 and a 52-week high of $88.38.

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

Insider Transactions at StoneX Group

In other StoneX Group news, Director Annabelle G. Bexiga sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $106.54, for a total transaction of $106,540.00. Following the completion of the transaction, the director directly owned 16,459 shares in the company, valued at approximately $1,753,541.86. This trade represents a 5.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark Lowry Maurer sold 40,000 shares of StoneX Group stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.88, for a total transaction of $4,995,200.00. Following the transaction, the insider owned 90,331 shares of the company’s stock, valued at approximately $11,280,535.28. The trade was a 30.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 120,125 shares of company stock worth $14,983,688 in the last 90 days. Insiders own 11.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SNEX. Vanguard Group Inc. lifted its stake in StoneX Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,031,545 shares of the company’s stock valued at $383,521,000 after buying an additional 11,240 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after buying an additional 439,771 shares in the last quarter. State Street Corp increased its position in StoneX Group by 0.3% during the fourth quarter. State Street Corp now owns 1,829,897 shares of the company’s stock worth $174,078,000 after buying an additional 6,220 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of StoneX Group by 24.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,499,292 shares of the company’s stock worth $142,628,000 after acquiring an additional 294,203 shares during the last quarter. Finally, AltraVue Capital LLC raised its holdings in shares of StoneX Group by 0.9% in the third quarter. AltraVue Capital LLC now owns 1,313,712 shares of the company’s stock worth $132,580,000 after acquiring an additional 11,740 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

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.