10,623 StoneX Group Inc. $SNEX Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 53.3% in the third quarter, HoldingsChannel reports. The firm owned 30,548 shares of the company’s stock after acquiring an additional 10,623 shares during the period. Yousif Capital Management LLC’s holdings in StoneX Group were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in shares of StoneX Group in the 3rd quarter worth $31,000. SBI Securities Co. Ltd. grew its holdings in shares of StoneX Group by 39.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,389 shares of the company’s stock worth $90,000 after acquiring an additional 394 shares during the period. Smith Shellnut Wilson LLC ADV increased its position in StoneX Group by 50.0% during the third quarter. Smith Shellnut Wilson LLC ADV now owns 7,448 shares of the company’s stock valued at $481,000 after acquiring an additional 2,482 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in StoneX Group by 44.5% during the third quarter. Crossmark Global Holdings Inc. now owns 7,100 shares of the company’s stock valued at $459,000 after acquiring an additional 2,185 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in StoneX Group by 49.3% during the third quarter. Quadrant Capital Group LLC now owns 13,256 shares of the company’s stock valued at $799,000 after acquiring an additional 4,375 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SNEX shares. Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $123.00 to $112.00 in a report on Monday, July 20th. Weiss Ratings downgraded StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, StoneX Group currently has a consensus rating of “Hold” and an average price target of $112.00.

Insider Buying and Selling

In other StoneX Group news, insider Diego Rotsztain sold 20,298 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $67.13, for a total value of $1,362,604.74. Following the completion of the transaction, the insider directly owned 34,870 shares in the company, valued at $2,340,823.10. This represents a 36.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Maurer sold 52,953 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $60.35, for a total transaction of $3,195,713.55. Following the completion of the transaction, the insider owned 219,663 shares of the company’s stock, valued at approximately $13,256,662.05. The trade was a 19.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 548,205 shares of company stock worth $35,532,883 in the last ninety days. Corporate insiders own 11.79% of the company’s stock.

StoneX Group Stock Performance

Shares of SNEX opened at $56.04 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The business has a 50-day simple moving average of $64.71 and a two-hundred day simple moving average of $71.82. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 13.38 and a beta of 0.62. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. The firm had revenue of $39.71 billion for the quarter, compared to analysts’ expectations of $1.32 billion. On average, analysts expect that StoneX Group Inc. will post 4.35 EPS for the current year.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX’s services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.