StoneX Group (NASDAQ:SNEX) Coverage Initiated at William Blair

Research analysts at William Blair assumed coverage on shares of StoneX Group (NASDAQ:SNEX) in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm set an “outperform” rating on the stock.

StoneX Group Trading Up 3.1 %

SNEX opened at $81.61 on Wednesday. StoneX Group has a 12-month low of $42.69 and a 12-month high of $85.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. The stock has a market capitalization of $3.93 billion, a PE ratio of 9.75 and a beta of 0.77. The firm’s fifty day moving average price is $76.51 and its 200 day moving average price is $67.11.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, February 5th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. As a group, research analysts expect that StoneX Group will post 8.7 EPS for the current fiscal year.

Insider Activity at StoneX Group

In other StoneX Group news, insider Glenn Henry Stevens sold 22,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total value of $1,767,300.00. Following the transaction, the insider now owns 116,946 shares of the company’s stock, valued at $9,185,718.48. This trade represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 11.70% of the company’s stock.

Institutional Trading of StoneX Group

Several hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new stake in StoneX Group in the fourth quarter worth $16,557,000. JPMorgan Chase & Co. grew its position in shares of StoneX Group by 104.3% during the fourth quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company’s stock worth $32,260,000 after acquiring an additional 168,098 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of StoneX Group by 17.7% in the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock worth $99,364,000 after acquiring an additional 152,847 shares during the period. Norges Bank bought a new stake in StoneX Group in the 4th quarter valued at about $10,551,000. Finally, Raymond James Financial Inc. bought a new stake in StoneX Group in the 4th quarter valued at about $10,276,000. Institutional investors own 75.93% of the company’s stock.

StoneX Group Company 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.