Tectonic Advisors LLC Acquires Shares of 2,357 StoneX Group Inc. $SNEX

Tectonic Advisors LLC acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX) during the 2nd quarter, HoldingsChannel reports. The firm acquired 2,357 shares of the company’s stock, valued at approximately $215,000.

Other large investors have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC increased its stake in StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock valued at $34,000 after buying an additional 150 shares during the period. Simplex Trading LLC acquired a new position in StoneX Group in the 1st quarter valued at approximately $47,000. GAMMA Investing LLC increased its stake in StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after buying an additional 357 shares during the period. IFP Advisors Inc increased its stake in StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company’s stock valued at $57,000 after buying an additional 741 shares during the period. Finally, CWM LLC increased its stake in StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company’s stock valued at $62,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Price Performance

NASDAQ SNEX opened at $95.83 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $96.81 and a 200 day simple moving average of $90.06. The company has a market cap of $5.00 billion, a P/E ratio of 16.33 and a beta of 0.51. StoneX Group Inc. has a 1 year low of $55.85 and a 1 year high of $106.98.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings data 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). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. On average, sell-side analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Wall Street Analysts Forecast Growth

SNEX has been the topic of several analyst reports. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, StoneX Group presently has an average rating of “Moderate Buy”.

Insider Activity

In related news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the sale, the director directly owned 115,749 shares of the company’s stock, valued at approximately $11,111,904. This represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.70% of the company’s stock.

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.