The Manufacturers Life Insurance Company Buys Shares of 41,641 StoneX Group Inc. $SNEX

The Manufacturers Life Insurance Company bought a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 41,641 shares of the company’s stock, valued at approximately $4,934,000.

Other large investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC increased its stake in shares of StoneX Group by 3.2% in the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock valued at $403,000 after purchasing an additional 125 shares during the period. Maryland State Retirement & Pension System increased its position in shares of StoneX Group by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock valued at $649,000 after purchasing an additional 144 shares during the period. Sterling Capital Management LLC increased its position in shares of StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the period. Corient Private Wealth LLC raised its stake in shares of StoneX Group by 5.8% in the 4th quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock worth $285,000 after buying an additional 163 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC raised its stake in shares of StoneX Group by 49.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other StoneX Group news, Director John Moore Fowler sold 1,575 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $75.41, for a total value of $118,770.75. Following the completion of the transaction, the director directly owned 255,271 shares in the company, valued at $19,249,986.11. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a 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 Mark Lowry Maurer sold 52,648 shares of StoneX Group stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $66.25, for a total transaction of $3,487,930.00. Following the completion of the transaction, the insider directly owned 236,964 shares in the company, valued at approximately $15,698,865. This trade represents a 18.18% 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 quarter, insiders have sold 1,002,340 shares of company stock worth $79,453,640. 11.79% of the stock is owned by company insiders.

StoneX Group Stock Performance

SNEX opened at $68.48 on Tuesday. The firm has a market cap of $8.26 billion, a PE ratio of 16.35 and a beta of 0.66. The company has a quick ratio of 1.39, a current ratio of 1.82 and a debt-to-equity ratio of 1.45. The business has a fifty day simple moving average of $74.42 and a 200-day simple moving average of $73.98. StoneX Group Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $94.66.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, August 5th. The company reported $1.00 EPS 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 business had revenue of $39.71 billion during the quarter, compared to the consensus estimate of $1.32 billion. As a group, equities analysts predict that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on SNEX shares. Wall Street Zen cut StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Zacks Research raised shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $123.00 to $112.00 in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.