State of New Jersey Common Pension Fund D Has $2.02 Million Stock Position in StoneX Group Inc. $SNEX

State of New Jersey Common Pension Fund D lowered its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 6.8% in the second quarter, HoldingsChannel reports. The firm owned 22,169 shares of the company’s stock after selling 1,630 shares during the period. State of New Jersey Common Pension Fund D’s holdings in StoneX Group were worth $2,020,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position 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 acquiring an additional 976,587 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of StoneX Group by 93.6% in the 1st quarter. American Century Companies Inc. now owns 1,963,717 shares of the company’s stock valued at $149,989,000 after purchasing an additional 949,486 shares during the last quarter. 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 during the last quarter. Ameriprise Financial Inc. boosted its stake 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 valued at $69,828,000 after purchasing an additional 414,204 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of StoneX Group in the 1st quarter valued at about $26,041,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Price Performance

NASDAQ SNEX opened at $93.43 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. StoneX Group Inc. has a 12-month low of $59.87 and a 12-month high of $106.98. The company has a market capitalization of $4.87 billion, a PE ratio of 15.92 and a beta of 0.51. The firm’s 50 day moving average is $98.60 and its 200-day moving average is $92.49.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share 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%. Equities research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SNEX has been the topic of several recent analyst reports. Weiss Ratings lowered shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

StoneX Group Company 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.