Shell Asset Management Co. Sells 21,429 Shares of StoneX Group Inc. $SNEX

Shell Asset Management Co. lessened its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 12.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,596 shares of the company’s stock after selling 21,429 shares during the quarter. StoneX Group makes up about 0.5% of Shell Asset Management Co.’s portfolio, making the stock its 29th biggest position. Shell Asset Management Co.’s holdings in StoneX Group were worth $14,090,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC lifted its stake in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Simplex Trading LLC purchased a new stake in shares of StoneX Group during the first quarter valued at about $47,000. Public Employees Retirement System of Ohio boosted its holdings in shares of StoneX Group by 37.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 722 shares of the company’s stock valued at $66,000 after buying an additional 198 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after buying an additional 357 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of StoneX Group by 74,100.0% during the 1st quarter. IFP Advisors Inc now owns 742 shares of the company’s stock worth $57,000 after acquiring an additional 741 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SNEX shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a research report on Saturday, September 27th. Zacks Research raised StoneX Group to a “strong-buy” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Insider Transactions at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the sale, the director directly owned 115,749 shares of the company’s stock, valued at approximately $11,111,904. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.70% of the stock is owned by corporate insiders.

StoneX Group Trading Down 2.0%

Shares of NASDAQ:SNEX opened at $99.00 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. StoneX Group Inc. has a 52-week low of $54.60 and a 52-week high of $106.98. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 16.87 and a beta of 0.51. The business has a 50-day moving average price of $96.68 and a 200-day moving average price of $89.69.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.17). StoneX Group had a return on equity of 16.20% and a net margin of 0.23%.The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $923.10 million. Equities analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

StoneX Group Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.