Squarepoint Ops LLC Trims Position in StoneX Group Inc. $SNEX

Squarepoint Ops LLC decreased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 10.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 88,007 shares of the company’s stock after selling 10,337 shares during the period. Squarepoint Ops LLC’s holdings in StoneX Group were worth $10,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lido Advisors LLC lifted its position in StoneX Group by 3.2% during the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after buying an additional 125 shares during the period. Maryland State Retirement & Pension System grew its holdings in StoneX Group by 2.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock valued at $649,000 after buying an additional 144 shares during the period. Sterling Capital Management LLC grew its holdings in StoneX Group by 48.7% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after buying an additional 156 shares during the period. Corient Private Wealth LLC increased its stake in shares of StoneX Group by 5.8% during the 4th quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock valued at $285,000 after acquiring an additional 163 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of StoneX Group by 0.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 24,727 shares of the company’s stock worth $2,352,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Stock Up 0.6%

Shares of NASDAQ:SNEX opened at $69.77 on Friday. The stock has a 50-day simple moving average of $71.77 and a 200-day simple moving average of $73.10. The stock has a market capitalization of $8.42 billion, a P/E ratio of 16.66 and a beta of 0.63. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.86 by $0.14. The firm had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. Equities analysts forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO William Dunaway sold 96,490 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $66.35, for a total value of $6,402,111.50. Following the transaction, 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Abigail Perkins sold 4,500 shares of StoneX Group stock in a transaction on Monday, August 10th. The shares were sold at an average price of $64.81, for a total transaction of $291,645.00. Following the transaction, the insider owned 96,663 shares in the company, valued at $6,264,729.03. The trade was a 4.45% 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 have sold 774,469 shares of company stock valued at $59,576,697. 11.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SNEX. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Weiss Ratings lowered shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 28th. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Jefferies Financial Group downgraded StoneX Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $123.00 to $112.00 in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

StoneX Group Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.