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

William Blair started coverage on shares of StoneX Group (NASDAQ:SNEX) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set an “outperform” rating on the stock.

StoneX Group Stock Performance

Shares of SNEX stock opened at $78.60 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The company has a market cap of $3.78 billion, a PE ratio of 9.39 and a beta of 0.77. The company’s fifty day simple moving average is $76.89 and its 200-day simple moving average is $67.28. StoneX Group has a 52 week low of $42.69 and a 52 week high of $85.49.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data 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 return on equity of 16.83% and a net margin of 0.26%. As a group, equities research analysts anticipate that StoneX Group will post 8.7 EPS for the current year.

Insiders Place Their Bets

In other StoneX Group news, insider Glenn Henry Stevens sold 22,500 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 116,946 shares in the company, valued at $9,185,718.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.70% of the stock is owned by company insiders.

Institutional Trading of StoneX Group

Large investors have recently modified their holdings of the business. Kestra Investment Management LLC purchased a new position in StoneX Group in the fourth quarter valued at about $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 valued at $64,000 after buying an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of StoneX Group during the 4th quarter valued at approximately $75,000. KBC Group NV grew 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 buying an additional 367 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of StoneX Group in the fourth quarter worth $129,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Company 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.