StoneX Group Inc. $SNEX Shares Purchased by Hiddenite Capital Partners LP

Hiddenite Capital Partners LP boosted its position in StoneX Group Inc. (NASDAQ:SNEX) by 8.9% in the second quarter, HoldingsChannel.com reports. The firm owned 49,011 shares of the company’s stock after purchasing an additional 4,011 shares during the quarter. StoneX Group comprises approximately 1.2% of Hiddenite Capital Partners LP’s investment portfolio, making the stock its 21st biggest holding. Hiddenite Capital Partners LP’s holdings in StoneX Group were worth $4,467,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SNEX. Vanguard Group Inc. lifted its position in StoneX Group by 51.3% in the first quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company’s stock worth $220,068,000 after purchasing an additional 976,587 shares during the period. American Century Companies Inc. lifted its position in StoneX Group by 93.6% in the first quarter. American Century Companies Inc. now owns 1,963,717 shares of the company’s stock worth $149,989,000 after purchasing an additional 949,486 shares during the period. Dimensional Fund Advisors LP lifted its position in StoneX Group by 41.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company’s stock worth $146,915,000 after purchasing an additional 567,196 shares during the period. Ameriprise Financial Inc. lifted its position in StoneX Group by 82.8% in the first quarter. Ameriprise Financial Inc. now owns 914,212 shares of the company’s stock worth $69,828,000 after purchasing an additional 414,204 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in StoneX Group in the first quarter worth approximately $26,041,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Price Performance

NASDAQ SNEX opened at $86.69 on Tuesday. The stock has a market capitalization of $4.52 billion, a P/E ratio of 14.77 and a beta of 0.51. StoneX Group Inc. has a 1 year low of $59.87 and a 1 year high of $106.98. The business’s fifty day moving average is $98.24 and its two-hundred day moving average is $92.81. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results 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). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. On average, research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SNEX shares. Weiss Ratings downgraded StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Zacks Research cut StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.