Woodmont Investment Counsel LLC Grows Position in StoneX Group Inc. (NASDAQ:SNEX)

Woodmont Investment Counsel LLC lifted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 1.5% in the third quarter, HoldingsChannel.com reports. The firm owned 132,409 shares of the company’s stock after acquiring an additional 1,935 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in StoneX Group were worth $10,842,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings in StoneX Group by 0.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 16,146 shares of the company’s stock valued at $1,322,000 after acquiring an additional 145 shares during the period. SummerHaven Investment Management LLC boosted its holdings in StoneX Group by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 12,699 shares of the company’s stock valued at $956,000 after acquiring an additional 199 shares during the period. Arizona State Retirement System boosted its stake in shares of StoneX Group by 3.0% in the 2nd quarter. Arizona State Retirement System now owns 7,949 shares of the company’s stock valued at $599,000 after buying an additional 234 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of StoneX Group by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the company’s stock valued at $1,032,000 after buying an additional 300 shares during the period. Finally, Millington Financial Advisors LLC boosted its stake in shares of StoneX Group by 1.5% in the 2nd quarter. Millington Financial Advisors LLC now owns 21,860 shares of the company’s stock valued at $1,646,000 after buying an additional 331 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $98.76 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64. StoneX Group Inc. has a fifty-two week low of $59.07 and a fifty-two week high of $101.61. The firm has a market capitalization of $3.14 billion, a PE ratio of 13.70 and a beta of 0.75. The stock’s 50-day simple moving average is $83.97 and its 200-day simple moving average is $78.80.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.13. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. The business had revenue of $913.70 million for the quarter, compared to analyst estimates of $817.80 million. As a group, equities research analysts forecast that StoneX Group Inc. will post 7.75 EPS for the current fiscal year.

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.