366,149 StoneX Group Inc. $SNEX Shares Purchased by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. increased its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 49.1% in the 3rd quarter, Holdings Channel reports. The fund owned 1,111,835 shares of the company’s stock after buying an additional 366,149 shares during the quarter. StoneX Group accounts for about 2.6% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 11th biggest position. Van Berkom & Associates Inc.’s holdings in StoneX Group were worth $71,869,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SNEX. Fulcrum Asset Management LLP bought a new stake in StoneX Group during the third quarter worth about $120,000. Allspring Global Investments Holdings LLC grew its holdings in StoneX Group by 64.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 739,257 shares of the company’s stock worth $48,347,000 after purchasing an additional 289,459 shares during the period. Hohimer Wealth Management LLC increased its stake in shares of StoneX Group by 55.9% during the third quarter. Hohimer Wealth Management LLC now owns 5,305 shares of the company’s stock valued at $343,000 after purchasing an additional 1,902 shares in the last quarter. Ethic Inc. increased its stake in shares of StoneX Group by 26.2% during the third quarter. Ethic Inc. now owns 6,580 shares of the company’s stock valued at $425,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of StoneX Group by 50.0% during the third quarter. Pictet Asset Management Holding SA now owns 16,208 shares of the company’s stock valued at $1,048,000 after purchasing an additional 5,402 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

StoneX Group Trading Up 4.5%

Shares of NASDAQ:SNEX opened at $56.77 on Tuesday. The company has a market cap of $6.85 billion, a P/E ratio of 13.55 and a beta of 0.66. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66. The stock’s fifty day moving average price is $62.61 and its 200-day moving average price is $71.21.

Insiders Place Their Bets

In other news, insider Mark Maurer sold 52,953 shares of StoneX Group stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $60.35, for a total value of $3,195,713.55. Following the completion of the sale, the insider directly owned 219,663 shares in the company, valued at $13,256,662.05. The trade was a 19.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Diego Rotsztain sold 30,327 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $68.83, for a total transaction of $2,087,407.41. Following the transaction, the insider directly owned 55,168 shares of the company’s stock, valued at $3,797,213.44. The trade was a 35.47% 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. Insiders have sold 491,057 shares of company stock worth $31,724,107 in the last quarter. Insiders own 11.79% of the company’s stock.

About StoneX Group

StoneX Group Inc is a global financial services company that connects businesses, institutions and individual investors with markets. Its services include trade execution and clearing, risk management, market intelligence, and financing for participants in commodity and financial markets.

The company serves commercial and institutional clients across sectors such as agriculture, energy and metals, and offers foreign exchange, securities and other trading services. Its retail business provides online trading platforms, while its payments operations support domestic and cross-border transactions.

Previously known as INTL FCStone, the company adopted the StoneX Group name in 2020.