StoneX Group Inc. $SNEX Stake Raised by Triumph Capital Management

Triumph Capital Management lifted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 376.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,684 shares of the company’s stock after buying an additional 15,550 shares during the period. Triumph Capital Management’s holdings in StoneX Group were worth $1,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SNEX. BlackRock Inc. acquired a new position in StoneX Group in the 2nd quarter valued at approximately $1,343,877,000. Dimensional Fund Advisors LP lifted its position in shares of StoneX Group by 50.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,107,795 shares of the company’s stock worth $169,976,000 after acquiring an additional 704,493 shares during the period. Wasatch Advisors LP bought a new stake in shares of StoneX Group in the 2nd quarter worth approximately $139,730,000. Van Berkom & Associates Inc. grew its holdings in shares of StoneX Group by 21.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,384,258 shares of the company’s stock worth $111,640,000 after purchasing an additional 240,749 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of StoneX Group during the 2nd quarter worth approximately $82,250,000. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Price Performance

NASDAQ:SNEX traded down $0.31 during trading hours on Wednesday, reaching $59.93. The company had a trading volume of 869,617 shares, compared to its average volume of 1,076,286. The stock has a 50-day moving average of $67.06 and a two-hundred day moving average of $71.89. StoneX Group Inc. has a one year low of $36.45 and a one year high of $94.66. The firm has a market capitalization of $7.23 billion, a PE ratio of 14.31 and a beta of 0.62. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45.

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

Analysts Set New Price Targets

SNEX has been the topic of a number of research reports. Weiss Ratings cut StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 29th. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $123.00 to $112.00 in a research note on Monday, July 20th. Finally, Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $112.00.

Insider Activity

In related news, insider Abigail H. Perkins sold 8,924 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $68.83, for a total transaction of $614,238.92. Following the sale, the insider directly owned 87,739 shares in the company, valued at $6,039,075.37. This represents a 9.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Smith sold 56,250 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $65.69, for a total value of $3,695,062.50. Following the sale, the chief executive officer owned 738,216 shares in the company, valued at approximately $48,493,409.04. This trade represents a 7.08% decrease in their ownership of the stock. 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. In the last three months, insiders sold 808,076 shares of company stock valued at $56,222,114. Corporate insiders own 11.79% of the company’s stock.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, payments, market intelligence and risk-management solutions. Through its businesses, the company serves commercial and institutional clients, asset managers, broker-dealers, government and nonprofit organizations, and retail investors.

StoneX offers access to a broad range of markets and products, including equities, fixed income, foreign exchange, commodities, futures and options. Its services include institutional trading and clearing, physical commodities and hedging solutions, global payments, securities financing, wealth-management support and online trading for individual investors.

The company operates through a global network serving clients across North America, Latin America, Europe, Asia and other international markets.