StoneX Group Inc. $SNEX Holdings Boosted by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC raised its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 16.7% in the 3rd quarter, Holdings Channel reports. The fund owned 370,897 shares of the company’s stock after acquiring an additional 52,977 shares during the quarter. StoneX Group accounts for approximately 1.3% of Woodmont Investment Counsel LLC’s portfolio, making the stock its 23rd biggest position. Woodmont Investment Counsel LLC’s holdings in StoneX Group were worth $23,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SNEX. Rakuten Securities Inc. purchased a new position in shares of StoneX Group in the 2nd quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in shares of StoneX Group in the third quarter valued at approximately $31,000. Fortitude Family Office LLC increased its holdings in shares of StoneX Group by 1,175.0% in the third quarter. Fortitude Family Office LLC now owns 510 shares of the company’s stock valued at $33,000 after purchasing an additional 470 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in shares of StoneX Group during the first quarter worth approximately $34,000. Finally, Sterling Capital Management LLC raised its stake in shares of StoneX Group by 48.7% during the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on SNEX. Wall Street Zen downgraded StoneX Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research lowered shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings cut shares of StoneX Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, October 14th. Finally, Jefferies Financial Group downgraded shares of StoneX Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $123.00 to $112.00 in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $112.00.

StoneX Group Stock Performance

Shares of StoneX Group stock opened at $52.83 on Monday. The company has a 50-day moving average of $64.22 and a two-hundred day moving average of $71.67. StoneX Group Inc. has a 12-month low of $36.45 and a 12-month high of $94.66. 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 stock has a market cap of $6.37 billion, a PE ratio of 12.61 and a beta of 0.66.

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

Insider Transactions at StoneX Group

In related news, CFO William 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 completion of the transaction, the chief financial officer directly owned 502,203 shares of the company’s stock, valued at approximately $33,321,169.05. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Maurer sold 52,953 shares of the business’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $60.35, for a total value of $3,195,713.55. Following the sale, the insider owned 219,663 shares in the company, valued at approximately $13,256,662.05. The trade was a 19.42% 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 sold a total of 548,205 shares of company stock worth $35,532,883 over the last ninety days. 11.79% of the stock is currently owned by corporate insiders.

About StoneX Group

StoneX Group Inc is a global financial services company that provides execution, clearing, custody, market intelligence and risk-management services to commercial and institutional clients, broker-dealers, asset managers and individual investors. Through its network of regulated subsidiaries, the company offers access to a broad range of markets, including commodities, foreign exchange, equities, fixed income and derivatives.

StoneX’s services include futures and options brokerage, physical commodities and commodity hedging, foreign exchange trading, securities execution and clearing, payments, and corporate treasury solutions.