StoneX Group Inc. (NASDAQ:SNEX) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 136.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,159 shares of the company's stock after purchasing an additional 70,587 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.25% of StoneX Group worth $9,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SNEX. Smartleaf Asset Management LLC raised its holdings in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after purchasing an additional 469 shares in the last quarter. GAMMA Investing LLC increased its stake in StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after purchasing an additional 357 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of StoneX Group in the 4th quarter valued at $75,000. Bessemer Group Inc. increased its holdings in shares of StoneX Group by 145.2% in the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after purchasing an additional 1,015 shares during the period. Finally, Argent Trust Co acquired a new stake in shares of StoneX Group in the fourth quarter worth $220,000. Institutional investors own 75.93% of the company's stock.

Insider Transactions at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 40,553 shares of the business's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $80.30, for a total value of $3,256,405.90. Following the transaction, the chief executive officer directly owned 342,711 shares of the company's stock, valued at approximately $27,519,693.30. The trade was a 10.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Abigail H. Perkins sold 16,098 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the sale, the insider directly owned 31,076 shares in the company, valued at $2,642,703.04. This trade represents a 34.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,262 shares of company stock worth $14,146,806. 11.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

StoneX Group Trading Up 1.2%

NASDAQ:SNEX traded up $1.07 during trading hours on Friday, hitting $93.78. The company had a trading volume of 111,912 shares, compared to its average volume of 302,400. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $87.73 and a 200 day moving average of $79.10. The company has a market cap of $4.59 billion, a P/E ratio of 15.89 and a beta of 0.54. StoneX Group Inc. has a 1 year low of $47.69 and a 1 year high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. Sell-side analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

About StoneX Group

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.