11,632 Shares in StoneX Group Inc. $SNEX Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 11,632 shares of the company’s stock, valued at approximately $1,378,000.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of StoneX Group in the second quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group during the first quarter worth approximately $34,000. Sterling Capital Management LLC raised its stake in StoneX Group by 48.7% in 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. Basecamp Wealth Advisors LLC raised its stake in StoneX Group by 49.7% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in StoneX Group by 183.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock valued at $41,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Trading Up 0.9%

Shares of SNEX opened at $70.37 on Friday. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. The firm has a market capitalization of $8.49 billion, a P/E ratio of 16.80 and a beta of 0.63. The firm has a 50-day moving average price of $71.57 and a 200 day moving average price of $73.08. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 1.45.

StoneX Group (NASDAQ:SNEX) last issued its 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 net margin of 0.33% and a return on equity of 20.18%. The company had revenue of $39.71 billion for the quarter, compared to the consensus estimate of $1.32 billion. Sell-side analysts forecast that StoneX Group Inc. will post 4.35 EPS for the current year.

Analyst Ratings Changes

SNEX has been the topic of several recent research reports. Wall Street Zen cut shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group cut shares of StoneX Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $123.00 to $112.00 in a research report on Monday, July 20th. Weiss Ratings downgraded shares of StoneX Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 28th. Finally, Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Insider Activity

In related news, Director John Fowler sold 1,575 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $75.41, for a total value of $118,770.75. Following the transaction, the director directly owned 255,271 shares in the company, valued at approximately $19,249,986.11. This represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dhamu Thamodaran acquired 2,500 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $64.48 per share, with a total value of $161,200.00. Following the completion of the transaction, the director directly owned 75,760 shares of the company’s stock, valued at $4,885,004.80. This trade represents a 3.41% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 774,469 shares of company stock worth $59,576,697. 11.79% of the stock is owned by company insiders.

About StoneX Group

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.