Bridgeway Capital Management LLC Makes New Investment in StoneX Group Inc. (NASDAQ:SNEX)

Bridgeway Capital Management LLC bought a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 50,195 shares of the company's stock, valued at approximately $4,918,000. Bridgeway Capital Management LLC owned 0.16% of StoneX Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SNEX. Barclays PLC lifted its position in StoneX Group by 359.4% in the third quarter. Barclays PLC now owns 46,755 shares of the company's stock valued at $3,828,000 after acquiring an additional 36,577 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of StoneX Group by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock valued at $12,236,000 after purchasing an additional 14,784 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of StoneX Group in the 4th quarter valued at about $298,000. Harbor Capital Advisors Inc. grew its stake in StoneX Group by 2.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 318,125 shares of the company's stock worth $31,167,000 after buying an additional 7,037 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in StoneX Group during the fourth quarter worth approximately $129,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other news, insider Glenn Henry Stevens sold 22,500 shares of the 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 owns 116,946 shares in the company, valued at approximately $9,185,718.48. This trade represents a 16.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Sean Michael Oconnor sold 3,417 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $90.57, for a total value of $309,477.69. Following the transaction, the chairman now directly owns 1,019,667 shares in the company, valued at $92,351,240.19. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,457 shares of company stock valued at $10,065,594 in the last three months. Corporate insiders own 11.70% of the company's stock.

StoneX Group Price Performance

Shares of NASDAQ SNEX traded up $1.63 during midday trading on Tuesday, hitting $89.56. The company had a trading volume of 119,367 shares, compared to its average volume of 282,709. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 10.70 and a beta of 0.63. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The business has a 50-day simple moving average of $79.96 and a two-hundred day simple moving average of $73.54. StoneX Group Inc. has a twelve month low of $46.43 and a twelve month high of $97.17.

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

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.