StoneX Group (NASDAQ:SNEX) Announces Quarterly Earnings Results

StoneX Group (NASDAQ:SNEX) posted its quarterly earnings results on Wednesday. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.44, FiscalAI reports. The business had revenue of $724.00 million during the quarter. StoneX Group had a net margin of 0.23% and a return on equity of 15.27%.

StoneX Group Trading Up 3.8%

SNEX traded up $4.26 during mid-day trading on Wednesday, hitting $117.37. 807,507 shares of the stock were exchanged, compared to its average volume of 311,320. The firm’s fifty day moving average is $100.38 and its two-hundred day moving average is $96.97. StoneX Group has a 1-year low of $65.00 and a 1-year high of $117.66. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 1.56. The company has a market cap of $6.15 billion, a PE ratio of 19.92 and a beta of 0.45.

Analysts Set New Price Targets

SNEX has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of StoneX Group in a research note on Monday, December 29th. Jefferies Financial Group increased their price target on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $122.00.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, Chairman John Radziwill bought 1,000 shares of StoneX Group stock in a transaction on Tuesday, December 16th. The shares were bought at an average cost of $97.25 per share, for a total transaction of $97,250.00. Following the acquisition, the chairman directly owned 101,596 shares in the company, valued at $9,880,211. This represents a 0.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $112.70, for a total transaction of $126,787.50. Following the completion of the transaction, the director directly owned 113,765 shares of the company’s stock, valued at $12,821,315.50. This represents a 0.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,979 shares of company stock valued at $683,257 in the last three months. 11.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SNEX. Acadian Asset Management LLC raised its position in StoneX Group by 50.0% in the 1st quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock valued at $63,000 after purchasing an additional 277 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of StoneX Group by 26.7% during the third quarter. Public Employees Retirement System of Ohio now owns 915 shares of the company’s stock worth $92,000 after buying an additional 193 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in shares of StoneX Group during the third quarter worth approximately $128,000. EP Wealth Advisors LLC acquired a new stake in StoneX Group in the second quarter valued at approximately $205,000. Finally, United Services Automobile Association purchased a new position in StoneX Group in the first quarter worth approximately $210,000. 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.