Norden Group LLC Takes Position in StoneX Group Inc. $SNEX

Norden Group LLC purchased a new position in StoneX Group Inc. (NASDAQ:SNEX) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 68,823 shares of the company’s stock, valued at approximately $6,946,000.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its stake in StoneX Group by 1.5% in the second quarter. Bank of Montreal Can now owns 8,640 shares of the company’s stock worth $787,000 after purchasing an additional 128 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of StoneX Group by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 11,047 shares of the company’s stock worth $1,007,000 after purchasing an additional 137 shares during the last quarter. Amalgamated Bank increased its stake in StoneX Group by 1.2% in the 2nd quarter. Amalgamated Bank now owns 12,329 shares of the company’s stock worth $1,124,000 after buying an additional 150 shares during the period. MRP Capital Investments LLC lifted its holdings in StoneX Group by 0.6% during the 2nd quarter. MRP Capital Investments LLC now owns 25,530 shares of the company’s stock valued at $2,327,000 after buying an additional 155 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Up 0.5%

NASDAQ:SNEX opened at $98.08 on Thursday. The firm has a 50-day simple moving average of $92.74 and a 200-day simple moving average of $93.91. StoneX Group Inc. has a one year low of $63.64 and a one year high of $106.98. The firm has a market cap of $5.12 billion, a P/E ratio of 16.64 and a beta of 0.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.35 and a current ratio of 1.72.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.01). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.04 billion. StoneX Group had a net margin of 0.23% and a return on equity of 15.27%. During the same period in the previous year, the business earned $2.32 earnings per share. Equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 114,769 shares in the company, valued at $10,466,932.80. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Diego Rotsztain sold 2,477 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $94.91, for a total value of $235,092.07. Following the sale, the insider directly owned 17,527 shares in the company, valued at approximately $1,663,487.57. The trade was a 12.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 6,979 shares of company stock valued at $659,070. Corporate insiders own 11.70% of the company’s stock.

About StoneX Group

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.