Leuthold Group LLC Purchases 27,223 Shares of StoneX Group Inc. $SNEX

Leuthold Group LLC grew its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 834.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,487 shares of the company’s stock after buying an additional 27,223 shares during the quarter. Leuthold Group LLC’s holdings in StoneX Group were worth $2,900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its position in shares of StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after buying an additional 248 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after buying an additional 242 shares during the period. AlphaQuest LLC increased its position in shares of StoneX Group by 28,000.0% during the third quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after buying an additional 280 shares during the period. International Assets Investment Management LLC purchased a new position in shares of StoneX Group during the fourth quarter valued at about $50,000. Finally, Federated Hermes Inc. purchased a new position in shares of StoneX Group during the third quarter valued at about $55,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analyst Ratings Changes

SNEX has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on shares of StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Finally, William Blair restated an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, StoneX Group currently has an average rating of “Buy” and a consensus price target of $122.00.

Insider Activity at StoneX Group

In related news, Director John Moore Fowler sold 1,050 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $106.25, for a total transaction of $111,562.50. Following the transaction, the director owned 171,246 shares in the company, valued at $18,194,887.50. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Annabelle G. Bexiga sold 1,500 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $101.91, for a total transaction of $152,865.00. Following the transaction, the director owned 23,188 shares in the company, valued at approximately $2,363,089.08. This trade represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,550 shares of company stock valued at $3,875,393 over the last quarter. 11.79% of the stock is owned by company insiders.

StoneX Group Stock Performance

Shares of NASDAQ SNEX opened at $110.21 on Monday. The firm’s 50 day moving average price is $100.35 and its 200-day moving average price is $102.30. The company has a market cap of $8.73 billion, a PE ratio of 19.69 and a beta of 0.64. StoneX Group Inc. has a 52-week low of $53.52 and a 52-week high of $125.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.47. The company had revenue of $826.40 million for the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. On average, equities research analysts expect that StoneX Group Inc. will post 6 EPS for the current fiscal year.

StoneX Group 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.