Russell Investments Group Ltd. Raises Stock Holdings in StoneX Group Inc. $SNEX

Russell Investments Group Ltd. boosted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 101.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,084 shares of the company’s stock after acquiring an additional 28,698 shares during the quarter. Russell Investments Group Ltd.’s holdings in StoneX Group were worth $5,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in shares of StoneX Group by 1,272.7% during the second quarter. Nisa Investment Advisors LLC now owns 453 shares of the company’s stock worth $41,000 after purchasing an additional 420 shares during the last quarter. Simplex Trading LLC purchased a new position in StoneX Group in the 1st quarter worth about $47,000. Public Employees Retirement System of Ohio lifted its holdings in StoneX Group by 37.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 722 shares of the company’s stock valued at $66,000 after buying an additional 198 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in StoneX Group by 25.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 821 shares of the company’s stock valued at $62,000 after buying an additional 165 shares during the period. Finally, Acadian Asset Management LLC grew its stake in StoneX Group by 50.0% in the 1st quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock worth $63,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $91.20, for a total transaction of $102,600.00. Following the sale, the director owned 114,769 shares of the company’s stock, valued at $10,466,932.80. This trade represents a 0.97% decrease in their ownership of the stock. 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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNEX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a research note on Monday. Zacks Research lowered StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, StoneX Group has a consensus rating of “Hold”.

StoneX Group Stock Performance

Shares of SNEX stock opened at $93.39 on Friday. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 15.85 and a beta of 0.44. StoneX Group Inc. has a 52-week low of $60.58 and a 52-week high of $106.98. The company has a quick ratio of 1.34, a current ratio of 1.72 and a debt-to-equity ratio of 1.56. The company’s 50 day moving average is $93.64 and its 200 day moving average is $92.85.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Monday, November 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company earned $2.32 EPS. On average, sell-side analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

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.