StoneX Group (NASDAQ:SNEX) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of StoneX Group (NASDAQ:SNEX) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other analysts also recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Jefferies Financial Group lifted their price target on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, StoneX Group currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

StoneX Group Stock Performance

SNEX stock opened at $120.54 on Friday. The stock’s 50 day simple moving average is $101.96 and its 200 day simple moving average is $97.42. StoneX Group has a 12-month low of $65.00 and a 12-month high of $126.24. The firm has a market cap of $6.32 billion, a P/E ratio of 17.99 and a beta of 0.45. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 1.34.

StoneX Group’s stock is scheduled to split on the morning of Monday, March 23rd. The 3-2 split was announced on Thursday, February 5th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, March 10th.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.06 by $0.44. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $1.24 billion. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. As a group, equities research analysts predict that StoneX Group will post 8.7 EPS for the current year.

Insider Transactions at StoneX Group

In related news, Chairman John Radziwill purchased 1,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were purchased at an average price of $97.25 per share, with a total value of $97,250.00. Following the transaction, the chairman directly owned 101,596 shares of the company’s stock, valued at $9,880,211. This trade represents a 0.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $112.70, for a total transaction of $126,787.50. Following the transaction, the director directly owned 113,765 shares of the company’s stock, valued at approximately $12,821,315.50. This trade represents a 0.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,979 shares of company stock valued at $683,257 over the last three months. Company insiders own 11.79% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

Institutional investors and hedge funds have recently modified their holdings of the business. Private Trust Co. NA grew its position in StoneX Group by 2,109.1% during the third quarter. Private Trust Co. NA now owns 243 shares of the company’s stock worth $25,000 after buying an additional 232 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock worth $26,000 after acquiring an additional 248 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in StoneX Group by 1,100.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock worth $27,000 after acquiring an additional 242 shares during the last quarter. AlphaQuest LLC increased its holdings in StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock worth $28,000 after purchasing an additional 280 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in StoneX Group during the 3rd quarter worth about $37,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

About StoneX Group

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.