StoneX Group Inc. $SNEX Stake Reduced by Freedom Investment Management Inc.

Freedom Investment Management Inc. cut its stake in StoneX Group Inc. (NASDAQ:SNEX) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,948 shares of the company’s stock after selling 378 shares during the period. Freedom Investment Management Inc.’s holdings in StoneX Group were worth $633,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SNEX. Vanguard Group Inc. increased 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 worth $220,068,000 after buying an additional 976,587 shares during the period. American Century Companies Inc. increased 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 worth $149,989,000 after buying an additional 949,486 shares during the period. Dimensional Fund Advisors LP increased 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 worth $146,915,000 after buying an additional 567,196 shares during the period. Ameriprise Financial Inc. increased 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 worth $69,828,000 after buying an additional 414,204 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in StoneX Group in the first quarter worth $26,041,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the transaction, the director owned 115,749 shares of the company’s stock, valued at $11,111,904. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SNEX shares. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings lowered StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

StoneX Group Trading Up 0.2%

NASDAQ:SNEX opened at $99.99 on Friday. StoneX Group Inc. has a 1 year low of $56.60 and a 1 year high of $106.98. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 17.03 and a beta of 0.51. The business has a fifty day moving average of $98.63 and a 200-day moving average of $91.94. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08.

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

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.