Hsbc Holdings PLC Takes $1.33 Million Position in StoneX Group Inc. $SNEX

Hsbc Holdings PLC bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,976 shares of the company’s stock, valued at approximately $1,327,000.

Other hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. purchased a new position in StoneX Group in the 2nd quarter valued at about $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in StoneX Group in the 1st quarter worth about $34,000. Sterling Capital Management LLC boosted its holdings in StoneX Group by 48.7% in the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after buying an additional 156 shares during the last quarter. Basecamp Wealth Advisors LLC increased its stake in StoneX Group by 49.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in StoneX Group by 183.0% during the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Stock Down 0.2%

Shares of NASDAQ SNEX opened at $68.48 on Tuesday. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The stock has a market cap of $8.26 billion, a PE ratio of 16.35 and a beta of 0.66. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average of $74.42 and a 200 day moving average of $73.98.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, August 5th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a net margin of 0.33% and a return on equity of 20.18%. The business had revenue of $39.71 billion for the quarter, compared to analyst estimates of $1.32 billion. As a group, sell-side analysts predict that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on SNEX. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings lowered StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. Finally, Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, StoneX Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

Insider Transactions at StoneX Group

In related news, CFO William J. Dunaway sold 96,490 shares of StoneX Group stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $66.35, for a total transaction of $6,402,111.50. Following the transaction, the chief financial officer owned 502,203 shares in the company, valued at approximately $33,321,169.05. This trade represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Lowry Maurer sold 52,648 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $66.25, for a total value of $3,487,930.00. Following the transaction, the insider directly owned 236,964 shares in the company, valued at $15,698,865. This trade represents a 18.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,002,340 shares of company stock valued at $79,453,640. 11.79% of the stock is currently owned by company insiders.

StoneX Group Company Profile

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.