Wellington Management Group LLP Purchases Shares of 11,632 StoneX Group Inc. $SNEX

Wellington Management Group LLP purchased a new stake in StoneX Group Inc. (NASDAQ:SNEX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,632 shares of the company’s stock, valued at approximately $1,378,000.

Several other large investors have also recently made changes to their positions in SNEX. BlackRock Inc. purchased a new position in shares of StoneX Group during the 2nd quarter worth approximately $1,343,877,000. Wasatch Advisors LP purchased a new stake in StoneX Group in the second quarter valued at approximately $139,730,000. Dimensional Fund Advisors LP raised its position in StoneX Group by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock valued at $169,976,000 after purchasing an additional 704,493 shares during the period. Punch & Associates Investment Management Inc. acquired a new position in StoneX Group during the second quarter worth $82,250,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in StoneX Group by 18.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,851,468 shares of the company’s stock worth $271,261,000 after purchasing an additional 439,771 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

StoneX Group Price Performance

SNEX stock opened at $70.37 on Friday. The business’s 50-day moving average is $71.57 and its two-hundred day moving average is $73.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The firm has a market capitalization of $8.49 billion, a P/E ratio of 16.80 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.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The business had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. Analysts anticipate that StoneX Group Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Activity at StoneX Group

In other news, insider Mark Maurer sold 52,648 shares of StoneX Group stock in a transaction on Friday, August 7th. The shares were sold at an average price of $66.25, for a total transaction of $3,487,930.00. Following the completion of the sale, the insider directly owned 236,964 shares of the company’s stock, valued at approximately $15,698,865. The trade was a 18.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO William J. Dunaway sold 96,490 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $66.35, for a total transaction 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. The trade was a 16.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 774,469 shares of company stock worth $59,576,697 over the last ninety days. 11.79% of the stock is currently owned by insiders.

About StoneX Group

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.