Sigma Planning Corp Buys New Shares in StoneX Group Inc. $SNEX

Sigma Planning Corp acquired a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,172 shares of the company’s stock, valued at approximately $851,000.

A number of other hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. purchased a new stake in StoneX Group in the 2nd quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in shares of StoneX Group during the third quarter worth approximately $31,000. Fortitude Family Office LLC grew its position in StoneX Group by 1,175.0% during the third quarter. Fortitude Family Office LLC now owns 510 shares of the company’s stock valued at $33,000 after purchasing an additional 470 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in StoneX Group in the 1st quarter worth approximately $34,000. Finally, Sterling Capital Management LLC lifted its position in StoneX Group by 48.7% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

SNEX has been the subject of a number of research reports. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings lowered shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 14th. 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 shares of StoneX Group from a “buy” rating to a “hold” rating and cut their price target for the company from $123.00 to $112.00 in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, StoneX Group has an average rating of “Hold” and a consensus target price of $112.00.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $52.83 on Friday. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 12.61 and a beta of 0.62. The business has a 50 day moving average price of $64.22 and a 200 day moving average price of $71.67. 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 Inc. has a twelve month low of $36.45 and a twelve month high of $94.66.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, beating 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 company had revenue of $39.71 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Research analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Insider Transactions at StoneX Group

In other StoneX Group news, CEO Philip Smith sold 56,250 shares of the firm’s 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Sean O’Connor sold 76,148 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $60.35, for a total value of $4,595,531.80. Following the completion of the transaction, the chairman owned 1,831,799 shares of the company’s stock, valued at $110,549,069.65. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 548,205 shares of company stock worth $35,532,883. 11.79% of the stock is currently owned by company insiders.

StoneX Group Profile

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX’s services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.