Squarepoint Ops LLC Decreases Stake in StoneX Group Inc. $SNEX

Squarepoint Ops LLC lessened its stake in StoneX Group Inc. (NASDAQ:SNEX) by 10.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,007 shares of the company’s stock after selling 10,337 shares during the quarter. Squarepoint Ops LLC owned 0.07% of StoneX Group worth $10,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lido Advisors LLC increased its holdings in StoneX Group by 3.2% in the fourth quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock valued at $403,000 after buying an additional 125 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of StoneX Group by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock worth $649,000 after acquiring an additional 144 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of 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 acquiring an additional 156 shares during the period. Corient Private Wealth LLC grew its holdings in shares of StoneX Group by 5.8% in the 4th quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock worth $285,000 after acquiring an additional 163 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in StoneX Group by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 24,727 shares of the company’s stock valued at $2,352,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insider Activity

In other StoneX Group news, insider Abigail H. Perkins sold 4,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $64.81, for a total transaction of $291,645.00. Following the sale, the insider directly owned 96,663 shares of the company’s stock, valued at $6,264,729.03. This trade represents a 4.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Fowler sold 1,575 shares of StoneX Group stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $75.41, for a total transaction of $118,770.75. Following the sale, the director owned 255,271 shares of the company’s stock, valued at approximately $19,249,986.11. This trade represents a 0.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 774,469 shares of company stock worth $59,576,697 in the last quarter. Corporate insiders own 11.79% of the company’s stock.

Analysts Set New Price Targets

SNEX has been the subject of several research reports. Zacks Research raised StoneX Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Jefferies Financial Group cut StoneX Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings lowered shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, StoneX Group has an average rating of “Moderate Buy” and a consensus price target of $112.00.

StoneX Group Price Performance

SNEX stock opened at $69.77 on Friday. The stock’s 50 day moving average price is $71.77 and its 200 day moving average price is $73.10. The firm has a market cap of $8.42 billion, a P/E ratio of 16.66 and a beta of 0.63. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.39 and a current ratio of 1.82. StoneX Group Inc. has a 1 year low of $36.45 and a 1 year high of $94.66.

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

StoneX Group Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services company that provides execution, clearing, market-making, advisory and risk-management services across a range of markets. Its clients include commercial and industrial businesses, institutional investors, broker-dealers, asset managers, professional traders and retail investors.

The company’s offerings include futures and options trading, securities execution and clearing, foreign exchange, global payments, commodities trading and hedging, and access to physical commodities markets.