Texas Permanent School Fund Corp Purchases 13,441 Shares of StoneX Group Inc. $SNEX

Texas Permanent School Fund Corp raised its position in StoneX Group Inc. (NASDAQ:SNEX) by 25.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 65,397 shares of the company’s stock after acquiring an additional 13,441 shares during the period. Texas Permanent School Fund Corp owned about 0.13% of StoneX Group worth $5,960,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SNEX. Orion Porfolio Solutions LLC acquired a new stake in shares of StoneX Group in the second quarter valued at approximately $1,972,000. Thrivent Financial for Lutherans boosted its holdings in StoneX Group by 1.2% during the second quarter. Thrivent Financial for Lutherans now owns 43,561 shares of the company’s stock worth $3,970,000 after purchasing an additional 510 shares during the last quarter. MRP Capital Investments LLC grew its position in StoneX Group by 0.6% in the second quarter. MRP Capital Investments LLC now owns 25,530 shares of the company’s stock valued at $2,327,000 after purchasing an additional 155 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in StoneX Group in the 2nd quarter valued at $320,000. Finally, Public Sector Pension Investment Board increased its stake in StoneX Group by 5.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 274,861 shares of the company’s stock valued at $25,051,000 after buying an additional 13,045 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Stock Performance

Shares of SNEX stock opened at $97.10 on Wednesday. The company has a fifty day moving average price of $93.08 and a two-hundred day moving average price of $93.47. StoneX Group Inc. has a one year low of $60.58 and a one year high of $106.98. The stock has a market cap of $5.07 billion, a P/E ratio of 16.48 and a beta of 0.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Monday, November 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. As a group, equities analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Analysts Set New Price Targets

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

Insider Transactions at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the sale, the director owned 114,769 shares in the company, valued at $10,466,932.80. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.70% of the stock is owned by corporate insiders.

StoneX Group Profile

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.