Coppell Advisory Solutions LLC Acquires Shares of 31,541 StoneX Group Inc. $SNEX

Coppell Advisory Solutions LLC acquired a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 31,541 shares of the company’s stock, valued at approximately $3,738,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lido Advisors LLC raised its holdings in shares of StoneX Group by 3.2% in the 4th quarter. Lido Advisors LLC now owns 4,050 shares of the company’s stock worth $403,000 after acquiring an additional 125 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in StoneX Group by 2.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 6,818 shares of the company’s stock valued at $649,000 after purchasing an additional 144 shares during the last quarter. Sterling Capital Management LLC boosted its stake in StoneX Group by 48.7% during the 1st quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock valued at $38,000 after purchasing an additional 156 shares during the last quarter. Corient Private Wealth LLC increased its holdings in StoneX Group by 5.8% during the 4th quarter. Corient Private Wealth LLC now owns 2,993 shares of the company’s stock worth $285,000 after purchasing an additional 163 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in StoneX Group by 0.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 24,727 shares of the company’s stock worth $2,352,000 after purchasing an additional 167 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

StoneX Group Stock Performance

Shares of SNEX opened at $66.86 on Thursday. 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 market capitalization of $8.06 billion, a price-to-earnings ratio of 15.96 and a beta of 0.63. The stock has a 50 day moving average of $73.46 and a 200 day moving average of $73.74. StoneX Group Inc. has a 12 month low of $36.45 and a 12 month high of $94.66.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.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 forecast that StoneX Group Inc. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO William J. Dunaway sold 96,490 shares of StoneX Group stock in a transaction 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 sale, the chief financial officer directly owned 502,203 shares in the company, valued at $33,321,169.05. The trade was a 16.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 dated Friday, August 7th. The stock was sold at an average price of $66.25, for a total transaction of $3,487,930.00. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,002,340 shares of company stock worth $79,453,640. 11.79% of the stock is owned by insiders.

StoneX Group 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.