Ameriprise Financial Inc. Sells 37,911 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Ameriprise Financial Inc. decreased its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 500,008 shares of the company's stock after selling 37,911 shares during the period. Ameriprise Financial Inc. owned about 1.56% of StoneX Group worth $48,986,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in StoneX Group during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC increased its position in shares of StoneX Group by 250.8% during the fourth 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 stake in shares of StoneX Group in the 4th quarter valued at about $75,000. KBC Group NV boosted its position in StoneX Group by 39.0% during the 4th quarter. KBC Group NV now owns 1,309 shares of the company's stock worth $128,000 after acquiring an additional 367 shares during the last quarter. Finally, USA Financial Formulas bought a new position in shares of StoneX Group in the 4th quarter valued at about $129,000. Institutional investors own 75.93% of the company's stock.

StoneX Group Price Performance

NASDAQ:SNEX traded down $1.54 during mid-day trading on Wednesday, reaching $87.62. The stock had a trading volume of 319,952 shares, compared to its average volume of 284,451. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. StoneX Group Inc. has a 12 month low of $46.43 and a 12 month high of $97.17. The stock has a market capitalization of $4.22 billion, a PE ratio of 10.47 and a beta of 0.63. The stock has a 50-day simple moving average of $80.18 and a two-hundred day simple moving average of $73.65.

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

Insider Transactions at StoneX Group

In other news, insider Glenn Henry Stevens sold 22,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the completion of the transaction, the insider now owns 116,946 shares in the company, valued at approximately $9,185,718.48. This represents a 16.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip Andrew Smith sold 7,457 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $93.26, for a total value of $695,439.82. Following the sale, the chief executive officer now owns 335,254 shares in the company, valued at approximately $31,265,788.04. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,457 shares of company stock valued at $10,065,594 over the last three months. Corporate insiders own 11.70% of the company's stock.

Analyst Ratings Changes

Separately, William Blair initiated coverage on shares of 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.