StoneX Group Inc. $SNEX Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 9.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 205,716 shares of the company’s stock after selling 21,817 shares during the quarter. StoneX Group makes up approximately 1.1% of Motley Fool Wealth Management LLC’s investment portfolio, making the stock its 24th largest position. Motley Fool Wealth Management LLC’s holdings in StoneX Group were worth $18,749,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SNEX. Vanguard Group Inc. lifted its position in StoneX Group by 51.3% in the first quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company’s stock valued at $220,068,000 after purchasing an additional 976,587 shares during the period. American Century Companies Inc. lifted its position in StoneX Group by 93.6% in the first quarter. American Century Companies Inc. now owns 1,963,717 shares of the company’s stock valued at $149,989,000 after purchasing an additional 949,486 shares during the period. Dimensional Fund Advisors LP lifted its position in StoneX Group by 41.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company’s stock valued at $146,915,000 after purchasing an additional 567,196 shares during the period. Van Berkom & Associates Inc. lifted its position in StoneX Group by 16.0% in the first quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company’s stock valued at $107,593,000 after purchasing an additional 193,921 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in StoneX Group by 82.8% in the first quarter. Ameriprise Financial Inc. now owns 914,212 shares of the company’s stock valued at $69,828,000 after purchasing an additional 414,204 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Price Performance

SNEX stock opened at $98.24 on Tuesday. The firm has a 50 day moving average of $98.71 and a 200-day moving average of $92.21. StoneX Group Inc. has a 12-month low of $57.82 and a 12-month high of $106.98. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 16.74 and a beta of 0.51.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. As a group, equities analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity

In other news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the transaction, the director directly owned 115,749 shares of the company’s stock, valued at $11,111,904. This trade represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 11.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SNEX shares. Weiss Ratings downgraded shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About StoneX Group

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.