Goldentree Asset Management LP Takes Position in StoneX Group Inc. $SNEX

Goldentree Asset Management LP bought a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 357,152 shares of the company’s stock, valued at approximately $32,482,000. StoneX Group makes up approximately 3.1% of Goldentree Asset Management LP’s investment portfolio, making the stock its 11th largest holding.

Several other large investors have also added to or reduced their stakes in SNEX. Nisa Investment Advisors LLC lifted its stake in StoneX Group by 1,272.7% in the second quarter. Nisa Investment Advisors LLC now owns 453 shares of the company’s stock valued at $41,000 after buying an additional 420 shares during the period. Simplex Trading LLC acquired a new position in shares of StoneX Group during the 1st quarter valued at $47,000. Smartleaf Asset Management LLC lifted its position in shares of StoneX Group by 25.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 821 shares of the company’s stock valued at $62,000 after acquiring an additional 165 shares during the period. Acadian Asset Management LLC grew its holdings in StoneX Group by 50.0% in the first quarter. Acadian Asset Management LLC now owns 831 shares of the company’s stock worth $63,000 after purchasing an additional 277 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in StoneX Group by 37.8% in the second quarter. Public Employees Retirement System of Ohio now owns 722 shares of the company’s stock valued at $66,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Stock Down 1.7%

Shares of NASDAQ SNEX opened at $91.77 on Tuesday. The stock has a market capitalization of $4.79 billion, a P/E ratio of 15.57 and a beta of 0.44. The company has a 50-day moving average price of $93.46 and a 200-day moving average price of $92.98. StoneX Group Inc. has a 1 year low of $60.58 and a 1 year high of $106.98. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.72 and a quick ratio of 1.35.

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). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.04 billion. StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.During the same quarter in the prior year, the company earned $2.32 EPS. On average, equities research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $91.20, for a total transaction of $102,600.00. Following the transaction, the director owned 114,769 shares of the company’s stock, valued at $10,466,932.80. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SNEX has been the topic of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 1st. Zacks Research downgraded StoneX Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average 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.