Jefferies Financial Group Brokers Lower Earnings Estimates for StoneX Group Inc. (NASDAQ:SNEX)

StoneX Group Inc. (NASDAQ:SNEXGet Rating) – Jefferies Financial Group cut their Q2 2023 earnings per share (EPS) estimates for shares of StoneX Group in a report issued on Tuesday, November 22nd. Jefferies Financial Group analyst D. Fannon now expects that the company will post earnings of $2.05 per share for the quarter, down from their previous estimate of $2.16. The consensus estimate for StoneX Group’s current full-year earnings is $8.50 per share. Jefferies Financial Group also issued estimates for StoneX Group’s Q3 2023 earnings at $2.10 EPS and FY2023 earnings at $8.71 EPS.

Separately, TheStreet cut StoneX Group from a “b” rating to a “c+” rating in a report on Friday, August 5th.

StoneX Group Trading Down 1.3 %

SNEX stock opened at $100.33 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.09 and a debt-to-equity ratio of 1.43. StoneX Group has a 12-month low of $52.31 and a 12-month high of $102.91. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 10.02 and a beta of 0.98. The business’s 50-day moving average is $89.54 and its 200 day moving average is $84.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SNEX. Principal Financial Group Inc. boosted its holdings in shares of StoneX Group by 160.1% during the 2nd quarter. Principal Financial Group Inc. now owns 294,249 shares of the company’s stock worth $22,973,000 after purchasing an additional 181,112 shares during the last quarter. Boston Partners lifted its holdings in StoneX Group by 269.8% in the third quarter. Boston Partners now owns 206,304 shares of the company’s stock valued at $17,350,000 after acquiring an additional 150,512 shares during the last quarter. Vanguard Group Inc. lifted its holdings in StoneX Group by 5.3% in the first quarter. Vanguard Group Inc. now owns 1,134,277 shares of the company’s stock valued at $84,197,000 after acquiring an additional 56,766 shares during the last quarter. Phase 2 Partners LLC acquired a new position in StoneX Group in the first quarter valued at approximately $3,886,000. Finally, FMR LLC lifted its holdings in StoneX Group by 9.7% in the second quarter. FMR LLC now owns 571,864 shares of the company’s stock valued at $44,646,000 after acquiring an additional 50,590 shares during the last quarter. 75.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at StoneX Group

In other news, CEO Sean Michael Oconnor sold 18,600 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $101.34, for a total transaction of $1,884,924.00. Following the transaction, the chief executive officer now directly owns 331,659 shares in the company, valued at approximately $33,610,323.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 16.79% of the company’s stock.

About StoneX Group

(Get Rating)

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. Its 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.

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Earnings History and Estimates for StoneX Group (NASDAQ:SNEX)

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