145,448 Shares in StoneX Group Inc. $SNEX Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) in the second quarter, HoldingsChannel.com reports. The firm acquired 145,448 shares of the company’s stock, valued at approximately $17,235,000.

A number of other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of StoneX Group by 129.0% during the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after purchasing an additional 43,678 shares during the period. NewEdge Advisors LLC bought a new position in shares of StoneX Group in the 1st quarter worth approximately $449,000. Goldman Sachs Group Inc. boosted its holdings in shares of StoneX Group by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock worth $17,240,000 after buying an additional 13,815 shares during the last quarter. United Services Automobile Association purchased a new position in shares of StoneX Group in the first quarter worth approximately $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in StoneX Group by 55.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock valued at $8,182,000 after buying an additional 38,073 shares during the period. Institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Up 0.4%

StoneX Group stock opened at $68.64 on Friday. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 16.39 and a beta of 0.66. The firm has a 50 day moving average of $74.90 and a 200 day moving average of $74.15. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. The business had revenue of $39.71 billion during the quarter, compared to analyst estimates of $1.32 billion. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. As a group, research analysts predict that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Insider Activity

In related news, CFO William J. Dunaway sold 96,490 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $66.35, for a total value of $6,402,111.50. Following the completion of the transaction, the chief financial officer owned 502,203 shares of the company’s stock, valued at approximately $33,321,169.05. This represents a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $66.25, for a total value of $3,487,930.00. Following the completion of the sale, the insider owned 236,964 shares of the company’s stock, valued at $15,698,865. The trade was a 18.18% 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 a total of 1,002,340 shares of company stock worth $79,453,640 in the last quarter. Corporate insiders own 11.79% of the company’s stock.

Analyst Upgrades and Downgrades

SNEX has been the subject of a number of research reports. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Finally, Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price 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.