112,471 Shares in StoneX Group Inc. $SNEX Purchased by Deutsche Bank AG

Deutsche Bank AG acquired a new position in StoneX Group Inc. (NASDAQ:SNEX) during the 2nd quarter, HoldingsChannel reports. The fund acquired 112,471 shares of the company’s stock, valued at approximately $13,328,000.

Other large investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC acquired a new position in shares of StoneX Group during the first quarter valued at approximately $34,000. Sterling Capital Management LLC boosted its stake in shares of StoneX Group by 48.7% in the first quarter. Sterling Capital Management LLC now owns 476 shares of the company’s stock worth $38,000 after acquiring an additional 156 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its stake in shares of StoneX Group by 49.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 512 shares of the company’s stock worth $41,000 after acquiring an additional 170 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in shares of StoneX Group by 183.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 433 shares of the company’s stock worth $41,000 after purchasing an additional 280 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of StoneX Group during the second quarter worth approximately $42,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Trading Down 1.1%

Shares of StoneX Group stock opened at $67.75 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.82 and a quick ratio of 1.39. The stock’s 50 day simple moving average is $76.62 and its 200-day simple moving average is $74.38. The stock has a market cap of $8.17 billion, a P/E ratio of 16.17 and a beta of 0.66. StoneX Group Inc. has a 1-year low of $36.45 and a 1-year high of $94.66.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.86 by $0.14. StoneX Group had a return on equity of 20.18% and a net margin of 0.33%.The firm had revenue of $718.00 million during the quarter, compared to analysts’ expectations of $1.32 billion. Analysts predict that StoneX Group Inc. will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dhamu R. Thamodaran bought 2,500 shares of the company’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of $64.48 per share, for a total transaction of $161,200.00. Following the acquisition, the director directly owned 75,760 shares in the company, valued at $4,885,004.80. This represents a 3.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Moore Fowler sold 1,575 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly owned 255,271 shares of the company’s stock, valued at $19,249,986.11. This trade represents a 0.61% 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 1,002,340 shares of company stock worth $79,453,640 over the last quarter. Corporate insiders own 11.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SNEX shares. 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 shares of StoneX Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group lowered shares of StoneX Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $123.00 to $112.00 in a report on Monday, July 20th. Finally, Weiss Ratings cut shares of StoneX Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $112.00.

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.