StoneX Group (NASDAQ:SNEX) Releases Quarterly Earnings Results, Beats Expectations By $0.44 EPS

StoneX Group (NASDAQ:SNEX) issued its earnings results on Wednesday. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.44, FiscalAI reports. The firm had revenue of $724.00 million during the quarter. StoneX Group had a net margin of 0.23% and a return on equity of 15.27%.

StoneX Group Stock Performance

Shares of NASDAQ SNEX traded up $4.26 during trading hours on Wednesday, reaching $117.37. The stock had a trading volume of 807,507 shares, compared to its average volume of 311,320. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 19.92 and a beta of 0.45. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 1.56. StoneX Group has a fifty-two week low of $65.00 and a fifty-two week high of $117.66. The firm has a 50-day moving average of $100.38 and a 200-day moving average of $96.97.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNEX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Jefferies Financial Group boosted their target price on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

Insider Buying and Selling at StoneX Group

In other news, insider Diego Rotsztain sold 2,029 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $94.50, for a total value of $191,740.50. Following the completion of the sale, the insider directly owned 15,498 shares of the company’s stock, valued at approximately $1,464,561. This represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $112.70, for a total transaction of $126,787.50. Following the completion of the transaction, the director directly owned 113,765 shares in the company, valued at $12,821,315.50. The trade was a 0.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 6,979 shares of company stock worth $683,257. 11.79% of the stock is owned by insiders.

Institutional Investors Weigh In On StoneX Group

Several hedge funds have recently made changes to their positions in SNEX. UBS Group AG grew its holdings in StoneX Group by 88.5% during the third quarter. UBS Group AG now owns 245,611 shares of the company’s stock worth $24,787,000 after acquiring an additional 115,289 shares during the period. Ameriprise Financial Inc. boosted its position in shares of StoneX Group by 8.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 941,842 shares of the company’s stock worth $95,051,000 after purchasing an additional 73,566 shares in the last quarter. Bank of America Corp DE grew its stake in shares of StoneX Group by 67.1% during the 2nd quarter. Bank of America Corp DE now owns 180,463 shares of the company’s stock worth $16,447,000 after purchasing an additional 72,440 shares during the period. Invesco Ltd. grew its stake in shares of StoneX Group by 15.1% during the 3rd quarter. Invesco Ltd. now owns 541,080 shares of the company’s stock worth $54,606,000 after purchasing an additional 70,814 shares during the period. Finally, Man Group plc increased its holdings in shares of StoneX Group by 360.9% in the 3rd quarter. Man Group plc now owns 80,965 shares of the company’s stock valued at $8,171,000 after purchasing an additional 63,400 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

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.