Ameriprise Financial Inc. Has $48.99 Million Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Ameriprise Financial Inc. trimmed its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 500,008 shares of the company's stock after selling 37,911 shares during the quarter. Ameriprise Financial Inc. owned about 1.56% of StoneX Group worth $48,986,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Algert Global LLC raised its holdings in shares of StoneX Group by 27.6% in the fourth quarter. Algert Global LLC now owns 11,978 shares of the company's stock valued at $1,173,000 after buying an additional 2,589 shares during the last quarter. Lido Advisors LLC raised its holdings in StoneX Group by 29.4% during the 4th quarter. Lido Advisors LLC now owns 3,200 shares of the company's stock worth $314,000 after purchasing an additional 727 shares during the last quarter. Northern Trust Corp raised its holdings in StoneX Group by 9.9% during the 4th quarter. Northern Trust Corp now owns 335,456 shares of the company's stock worth $32,865,000 after purchasing an additional 30,248 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in StoneX Group during the 4th quarter worth about $273,000. Finally, Aquatic Capital Management LLC bought a new stake in StoneX Group during the 4th quarter worth about $263,000. 75.93% of the stock is owned by institutional investors.

StoneX Group Trading Up 0.4%

NASDAQ:SNEX traded up $0.35 on Friday, hitting $86.93. 220,967 shares of the stock were exchanged, compared to its average volume of 284,613. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 10.35 and a beta of 0.63. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The company's 50-day moving average price is $80.69 and its 200 day moving average price is $73.93.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. On average, equities research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Activity

In other news, insider Glenn Henry Stevens sold 22,500 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $78.55, for a total value of $1,767,300.00. Following the completion of the sale, the insider now directly owns 116,946 shares of the company's stock, valued at $9,185,718.48. This represents a 16.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total value of $98,718.75. Following the completion of the transaction, the director now owns 116,735 shares of the company's stock, valued at $10,243,496.25. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,582 shares of company stock valued at $10,164,313 in the last ninety days. 11.70% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, William Blair began coverage on StoneX Group in a report on Wednesday, March 26th. They set an "outperform" rating for the company.

StoneX Group 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.