Free Trial

Arizona State Retirement System Has $945,000 Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

StoneX Group logo with Finance background

Arizona State Retirement System raised its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 49.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,367 shares of the company's stock after buying an additional 4,088 shares during the period. Arizona State Retirement System's holdings in StoneX Group were worth $945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of StoneX Group by 92.7% in the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares during the last quarter. Allworth Financial LP increased its position in StoneX Group by 52.6% during the 1st quarter. Allworth Financial LP now owns 1,244 shares of the company's stock valued at $95,000 after purchasing an additional 429 shares during the period. HM Payson & Co. bought a new position in StoneX Group during the 1st quarter worth approximately $97,000. KBC Group NV lifted its position in shares of StoneX Group by 50.0% in the 1st quarter. KBC Group NV now owns 1,963 shares of the company's stock worth $150,000 after purchasing an additional 654 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of StoneX Group by 145.2% in the 4th 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 last quarter. Institutional investors own 75.93% of the company's stock.

Insider Transactions at StoneX Group

In other news, President Charles M. Lyon sold 13,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the completion of the sale, the president directly owned 122,080 shares of the company's stock, valued at $10,611,193.60. This trade represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John Radziwill acquired 1,400 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $85.00 per share, with a total value of $119,000.00. Following the acquisition, the chairman directly owned 100,240 shares of the company's stock, valued at $8,520,400. The trade was a 1.42% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 120,262 shares of company stock worth $10,534,329. Company insiders own 11.70% of the company's stock.

Analyst Ratings Changes

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

Get Our Latest Stock Report on StoneX Group

StoneX Group Stock Performance

SNEX opened at $93.65 on Monday. StoneX Group Inc. has a 1-year low of $47.69 and a 1-year high of $99.08. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 15.86 and a beta of 0.54. The company's fifty day moving average price is $88.37 and its two-hundred day moving average price is $81.31. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The company had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. On average, analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

About StoneX Group

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for StoneX Group (NASDAQ:SNEX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in StoneX Group Right Now?

Before you consider StoneX Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneX Group wasn't on the list.

While StoneX Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Why Drone Stocks Are Skyrocketing Right Now!
Pelosi Makes Big Bet on Broadcom—Here’s Why It Matters
This Strategy Beat the S&P—And Most Investors Ignore It

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines