StoneX Group Inc. $SNEX Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 1.5% during the second quarter, Holdings Channel.com reports. The fund owned 12,795 shares of the company’s stock after purchasing an additional 187 shares during the quarter. Maryland State Retirement & Pension System’s holdings in StoneX Group were worth $1,166,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in StoneX Group in the 1st quarter valued at $251,000. Wealth Enhancement Advisory Services LLC grew its stake in StoneX Group by 51.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company’s stock valued at $582,000 after acquiring an additional 2,598 shares during the period. Crossmark Global Holdings Inc. grew its stake in StoneX Group by 49.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company’s stock valued at $256,000 after acquiring an additional 1,112 shares during the period. Punch & Associates Investment Management Inc. grew its stake in StoneX Group by 8.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 843,524 shares of the company’s stock valued at $64,428,000 after acquiring an additional 67,747 shares during the period. Finally, Illinois Municipal Retirement Fund grew its stake in StoneX Group by 55.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company’s stock valued at $1,804,000 after acquiring an additional 8,390 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insider Activity at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction on Friday, August 1st. The stock was sold at an average price of $96.00, for a total transaction of $108,000.00. Following the transaction, the director owned 115,749 shares in the company, valued at $11,111,904. The trade was a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.70% of the stock is currently owned by corporate insiders.

StoneX Group Trading Down 3.5%

Shares of SNEX stock opened at $95.83 on Monday. The stock’s fifty day moving average is $96.81 and its two-hundred day moving average is $90.21. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. The firm has a market capitalization of $5.00 billion, a P/E ratio of 16.33 and a beta of 0.51. StoneX Group Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $106.98.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.17). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. Research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SNEX shares. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, StoneX Group presently has an average rating of “Moderate Buy”.

About StoneX Group

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.