William Blair Initiates Coverage on StoneX Group (NASDAQ:SNEX)

Research analysts at William Blair initiated coverage on shares of StoneX Group (NASDAQ:SNEX) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm set an “outperform” rating on the stock.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $81.61 on Wednesday. The stock has a market cap of $3.93 billion, a P/E ratio of 9.75 and a beta of 0.77. The firm’s 50-day simple moving average is $76.51 and its 200 day simple moving average is $67.11. StoneX Group has a fifty-two week low of $42.69 and a fifty-two week high of $85.49. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Equities analysts expect that StoneX Group will post 8.7 EPS for the current year.

Insider Transactions at StoneX Group

In other StoneX Group news, insider Glenn Henry Stevens sold 22,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total value of $1,767,300.00. Following the sale, the insider now directly owns 116,946 shares in the company, valued at approximately $9,185,718.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.70% of the company’s stock.

Institutional Trading of StoneX Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SNEX. Kestra Investment Management LLC acquired a new position in StoneX Group in the fourth quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its stake in shares of StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock worth $64,000 after acquiring an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of StoneX Group in the 4th quarter worth $75,000. KBC Group NV raised its position in shares of StoneX Group by 39.0% during the fourth quarter. KBC Group NV now owns 1,309 shares of the company’s stock worth $128,000 after purchasing an additional 367 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of StoneX Group during the fourth quarter valued at $129,000. 75.93% of the stock is currently owned by institutional investors.

About StoneX Group

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.