American Century Companies Inc. Raises Stock Position in StoneX Group Inc. $SNEX

Key Points

• American Century Companies Inc. increased its stake in StoneX Group Inc. by 93.6%, acquiring 949,486 shares and owning a total of 1,963,717 shares worth approximately $149.99 million.
• Other institutional investors, such as Vanguard Group Inc. and Dimensional Fund Advisors LP, also significantly increased their holdings in StoneX Group during the first quarter.
• Despite reporting earnings per share of $1.22, StoneX missed consensus estimates of $1.39, although revenues exceeded expectations with $1.02 billion reported.

American Century Companies Inc. raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 93.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,963,717 shares of the company's stock after buying an additional 949,486 shares during the period. American Century Companies Inc. owned about 4.08% of StoneX Group worth $149,989,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in StoneX Group by 51.3% during the first quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock valued at $220,068,000 after buying an additional 976,587 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of StoneX Group by 41.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company's stock worth $146,915,000 after purchasing an additional 567,196 shares during the period. Van Berkom & Associates Inc. boosted its holdings in shares of StoneX Group by 16.0% during the first quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock worth $107,593,000 after purchasing an additional 193,921 shares during the period. Perpetual Ltd purchased a new stake in shares of StoneX Group during the first quarter worth about $64,679,000. Finally, Invesco Ltd. boosted its holdings in shares of StoneX Group by 53.3% during the first quarter. Invesco Ltd. now owns 569,519 shares of the company's stock worth $43,500,000 after purchasing an additional 197,927 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat, StoneX Group has an average rating of "Strong Buy".

StoneX Group Stock Down 0.6%

Shares of NASDAQ SNEX traded down $0.6050 on Wednesday, reaching $95.8950. 332,976 shares of the company's stock traded hands, compared to its average volume of 418,443. StoneX Group Inc. has a 12 month low of $50.31 and a 12 month high of $100.40. The business's 50 day simple moving average is $91.65 and its two-hundred day simple moving average is $84.80. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 16.32 and a beta of 0.57. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. As a group, equities research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, insider Abigail H. Perkins sold 16,098 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the completion of the transaction, the insider owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. This trade represents a 34.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John Radziwill purchased 1,400 shares of StoneX Group stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average cost of $85.00 per share, with a total value of $119,000.00. Following the transaction, the chairman directly owned 100,240 shares of the company's stock, valued at $8,520,400. This represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 45,305 shares of company stock worth $3,859,233 over the last three months. Company insiders own 11.70% of the company's stock.

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.