CSM Advisors LLC Makes New $8.67 Million Investment in StoneX Group Inc. $SNEX

CSM Advisors LLC acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 95,074 shares of the company’s stock, valued at approximately $8,666,000. CSM Advisors LLC owned 0.19% of StoneX Group at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in StoneX Group by 51.3% in the 1st quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company’s stock valued at $220,068,000 after buying an additional 976,587 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of StoneX Group by 93.6% during the first quarter. American Century Companies Inc. now owns 1,963,717 shares of the company’s stock valued at $149,989,000 after acquiring an additional 949,486 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of StoneX Group by 41.8% in the 1st 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 in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of StoneX Group by 82.8% in the 1st quarter. Ameriprise Financial Inc. now owns 914,212 shares of the company’s stock worth $69,828,000 after purchasing an additional 414,204 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of StoneX Group during the 1st quarter worth about $26,041,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings downgraded StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Insider Buying and Selling at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $91.20, for a total value of $102,600.00. Following the completion of the transaction, the director owned 114,769 shares in the company, valued at $10,466,932.80. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.70% of the stock is currently owned by corporate insiders.

StoneX Group Trading Up 3.5%

Shares of NASDAQ SNEX opened at $89.07 on Friday. StoneX Group Inc. has a 1-year low of $60.58 and a 1-year high of $106.98. The company has a 50-day moving average of $97.10 and a two-hundred day moving average of $92.90. The company has a market cap of $4.65 billion, a PE ratio of 15.17 and a beta of 0.51. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30.

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.