StoneX Group Inc. $SNEX Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 761.5% during the second quarter, HoldingsChannel reports. The fund owned 1,654 shares of the company’s stock after acquiring an additional 1,462 shares during the quarter. Farther Finance Advisors LLC’s holdings in StoneX Group were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC grew its position in StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock worth $34,000 after buying an additional 150 shares during the period. Simplex Trading LLC acquired a new stake in shares of StoneX Group in the first quarter valued at approximately $47,000. GAMMA Investing LLC grew its position in shares of StoneX Group by 92.7% in the first quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after purchasing an additional 357 shares during the last quarter. IFP Advisors Inc grew its position in shares of StoneX Group by 74,100.0% in the first quarter. IFP Advisors Inc now owns 742 shares of the company’s stock valued at $57,000 after purchasing an additional 741 shares during the last quarter. Finally, CWM LLC grew its position in shares of StoneX Group by 78.4% in the first quarter. CWM LLC now owns 808 shares of the company’s stock valued at $62,000 after purchasing an additional 355 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of StoneX Group to a “strong-buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, StoneX Group currently has a consensus rating of “Strong Buy”.

Insiders Place Their Bets

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the transaction, the director directly owned 115,749 shares of the company’s stock, valued at $11,111,904. This trade represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.70% of the stock is currently owned by corporate insiders.

StoneX Group Price Performance

SNEX opened at $102.68 on Friday. The company has a fifty day simple moving average of $96.46 and a 200 day simple moving average of $89.23. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 17.49 and a beta of 0.51. StoneX Group Inc. has a twelve month low of $53.74 and a twelve month high of $106.98. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.17). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. Equities research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

StoneX Group Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.