Bessemer Group Inc. Purchases 4,853 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Bessemer Group Inc. raised its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 283.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,567 shares of the company's stock after buying an additional 4,853 shares during the period. Bessemer Group Inc.'s holdings in StoneX Group were worth $502,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after purchasing an additional 469 shares in the last quarter. GAMMA Investing LLC increased its stake in StoneX Group by 92.7% in the first 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 during the fourth quarter valued at about $75,000. Handelsbanken Fonder AB acquired a new position in StoneX Group during the 4th quarter worth approximately $202,000. Finally, Argent Trust Co bought a new position in StoneX Group in the fourth quarter worth approximately $220,000. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Stock Up 0.9%

SNEX stock traded up $0.85 during midday trading on Thursday, reaching $93.56. 23,050 shares of the company's stock traded hands, compared to its average volume of 301,328. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. The firm's fifty day moving average price is $87.45 and its 200-day moving average price is $78.70. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $97.17. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 15.83 and a beta of 0.54.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping 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. As a group, sell-side analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Transactions at StoneX Group

In other StoneX Group news, insider Abigail H. Perkins sold 10,470 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $86.22, for a total transaction of $902,723.40. Following the transaction, the insider directly owned 43,913 shares in the company, valued at approximately $3,786,178.86. This trade represents a 19.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the transaction, the director directly owned 116,735 shares in the company, valued at $10,243,496.25. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 174,262 shares of company stock valued at $14,772,846. Corporate insiders own 11.70% of the company's stock.

Wall Street Analyst Weigh In

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

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.