StoneX Group Inc. $SNEX Stock: Woodmont Investment Counsel LLC Grows Position

Woodmont Investment Counsel LLC lifted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 16.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 370,897 shares of the company’s stock after acquiring an additional 52,977 shares during the period. StoneX Group accounts for approximately 1.3% of Woodmont Investment Counsel LLC’s investment portfolio, making the stock its 23rd biggest holding. Woodmont Investment Counsel LLC owned approximately 0.31% of StoneX Group worth $23,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in StoneX Group in the second quarter valued at approximately $1,343,877,000. Wasatch Advisors LP purchased a new position in StoneX Group in the second quarter valued at approximately $139,730,000. Dimensional Fund Advisors LP raised its holdings in StoneX Group by 50.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after purchasing an additional 704,493 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in StoneX Group during the second quarter worth approximately $82,250,000. Finally, Bank of America Corp DE acquired a new stake in StoneX Group during the second quarter worth approximately $51,370,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Philip Smith sold 56,250 shares of the company’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $65.69, for a total value of $3,695,062.50. Following the completion of the sale, the chief executive officer owned 738,216 shares in the company, valued at $48,493,409.04. This represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO William Dunaway sold 96,490 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the completion of the sale, the chief financial officer owned 502,203 shares of the company’s stock, valued at approximately $33,321,169.05. This trade represents a 16.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 548,205 shares of company stock worth $35,532,883. Corporate insiders own 11.79% of the company’s stock.

StoneX Group Stock Performance

SNEX opened at $52.83 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. StoneX Group Inc. has a 52 week low of $36.45 and a 52 week high of $94.66. The business’s 50 day moving average is $64.22 and its two-hundred day moving average is $71.67. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 12.61 and a beta of 0.66.

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 the consensus estimate of $0.86 by $0.14. The business had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%. On average, research analysts predict that StoneX Group Inc. will post 4.35 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings cut shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 14th. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Wall Street Zen lowered 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $112.00.

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.