Maryland State Retirement & Pension System Increases Stake in StoneX Group Inc. $SNEX

Maryland State Retirement & Pension System lifted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,795 shares of the company’s stock after purchasing an additional 187 shares during the quarter. Maryland State Retirement & Pension System’s holdings in StoneX Group were worth $1,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in shares of StoneX Group in the 1st quarter valued at approximately $251,000. Wealth Enhancement Advisory Services LLC raised its position in shares of StoneX Group by 51.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company’s stock valued at $582,000 after purchasing an additional 2,598 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of StoneX Group by 49.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company’s stock valued at $256,000 after purchasing an additional 1,112 shares during the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of StoneX Group by 8.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 843,524 shares of the company’s stock valued at $64,428,000 after purchasing an additional 67,747 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in shares of StoneX Group by 55.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company’s stock valued at $1,804,000 after purchasing an additional 8,390 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Insider Activity at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.70% of the stock is owned by insiders.

StoneX Group Stock Performance

SNEX opened at $95.83 on Monday. StoneX Group Inc. has a 12-month low of $55.85 and a 12-month high of $106.98. 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 firm has a market capitalization of $5.00 billion, a PE ratio of 16.33 and a beta of 0.51. The firm has a 50 day moving average of $96.81 and a two-hundred day moving average of $90.21.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.17). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. On average, analysts anticipate that StoneX Group Inc. will post 8.7 EPS 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.