Hennessy Advisors Inc. Grows Stake in StoneX Group Inc. $SNEX

by · The Markets Daily

Hennessy Advisors Inc. increased its holdings in StoneX Group Inc. (NASDAQ:SNEX – Free Report) by 383.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,800 shares of the company’s stock after buying an additional 430,600 shares during the quarter. StoneX Group comprises 1.9% of Hennessy Advisors Inc.’s portfolio, making the stock its 2nd largest holding. Hennessy Advisors Inc.’s holdings in StoneX Group were worth $54,779,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in StoneX Group by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 2,352,849 shares of the company’s stock worth $214,439,000 after acquiring an additional 389,132 shares during the period. State Street Corp increased its holdings in shares of StoneX Group by 0.5% during the second quarter. State Street Corp now owns 1,755,298 shares of the company’s stock valued at $159,978,000 after purchasing an additional 8,350 shares during the period. Geode Capital Management LLC raised its stake in shares of StoneX Group by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,093,388 shares of the company’s stock valued at $99,663,000 after purchasing an additional 5,054 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in StoneX Group by 8.7% in the first quarter. Punch & Associates Investment Management Inc. now owns 843,524 shares of the company’s stock worth $64,428,000 after purchasing an additional 67,747 shares during the period. Finally, JPMorgan Chase & Co. grew its position in StoneX Group by 71.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 612,325 shares of the company’s stock valued at $55,807,000 after buying an additional 256,081 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Price Performance

Shares of StoneX Group stock opened at $95.13 on Thursday. StoneX Group Inc. has a 52 week low of $64.42 and a 52 week high of $106.98. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 1.56. The stock has a market cap of $4.97 billion, a PE ratio of 16.14 and a beta of 0.44. The company’s 50-day moving average price is $92.50 and its two-hundred day moving average price is $94.37.

StoneX Group (NASDAQ:SNEX – Get Free Report) last announced its quarterly earnings data on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $2.32 EPS. As a group, sell-side analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on SNEX. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a research note on Monday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

View Our Latest Research Report on StoneX Group

Insiders Place Their Bets

In related news, insider Diego Rotsztain sold 2,477 shares of StoneX Group stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $94.91, for a total value of $235,092.07. Following the transaction, the insider directly owned 17,527 shares in the company, valued at $1,663,487.57. The trade was a 12.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Moore Fowler sold 1,125 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the sale, the director directly owned 114,769 shares in the company, valued at $10,466,932.80. This trade represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 6,979 shares of company stock worth $659,070. 11.70% of the stock is owned by insiders.

StoneX Group Profile

(Free Report)

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.

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