ANB Bank Purchases Shares of 3,033 StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• ANB Bank has invested $232,000 in StoneX Group Inc., acquiring 3,033 shares, highlighting growing institutional interest in the company's stock.
• StoneX Group reported a quarterly earnings per share of $1.41, surpassing analysts' expectations of $1.32, with revenue reaching $956 million for the period.
• Recent insider trading activity includes President Charles M. Lyon selling 17,000 shares valued at approximately $1.49 million, indicating a notable reduction in his ownership stake.

ANB Bank bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,033 shares of the company's stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of StoneX Group during the first quarter valued at $251,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of StoneX Group by 51.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock valued at $582,000 after buying an additional 2,598 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of StoneX Group by 49.7% during the first quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock valued at $256,000 after buying an additional 1,112 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of StoneX Group by 55.1% during the first quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock valued at $1,804,000 after buying an additional 8,390 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of StoneX Group by 283.1% during the first quarter. Bessemer Group Inc. now owns 6,567 shares of the company's stock valued at $502,000 after buying an additional 4,853 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Stock Down 0.6%

Shares of SNEX stock traded down $0.56 on Monday, reaching $93.97. 66,520 shares of the company's stock traded hands, compared to its average volume of 381,011. StoneX Group Inc. has a 12-month low of $47.69 and a 12-month high of $99.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. The company has a market capitalization of $4.60 billion, a P/E ratio of 15.92 and a beta of 0.54. The business's 50 day moving average price is $89.09 and its two-hundred day moving average price is $82.25.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its 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. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The firm had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. On average, equities analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Philip Andrew Smith sold 7,500 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the transaction, the chief executive officer owned 327,754 shares of the company's stock, valued at approximately $27,426,454.72. The trade was a 2.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Abigail H. Perkins sold 10,470 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the transaction, the insider directly owned 43,913 shares of the company's stock, valued at approximately $3,786,178.86. This trade represents a 19.25% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,262 shares of company stock valued at $10,534,329. 11.70% of the stock is owned by corporate insiders.

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.