Boston Partners Grows Position in StoneX Group Inc. $SNEX

Key Points

• Boston Partners increased its stake in StoneX Group by 49.9%, acquiring an additional 135,987 shares, bringing its total ownership to approximately 408,667 shares valued at $31.68 million.
• StoneX Group reported earnings of $1.22 per share for the last quarter, missing expectations by $0.17, despite generating revenues of $1.02 billion, significantly surpassing the projected $923.10 million.
• Insider activity includes Chairman John Radziwill purchasing 1,400 shares and CEO Philip Andrew Smith selling 7,500 shares, reflecting a mixed sentiment among the company's leadership regarding stock accumulation.

Boston Partners lifted its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408,667 shares of the company's stock after purchasing an additional 135,987 shares during the period. Boston Partners owned about 0.85% of StoneX Group worth $31,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of StoneX Group by 51.3% in the 1st quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock valued at $220,068,000 after purchasing an additional 976,587 shares during the period. Van Berkom & Associates Inc. lifted its stake in shares of StoneX Group by 16.0% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock valued at $107,593,000 after purchasing an additional 193,921 shares during the period. Perpetual Ltd acquired a new position in shares of StoneX Group in the 1st quarter valued at $64,679,000. Invesco Ltd. lifted its stake in shares of StoneX Group by 53.3% in the 1st quarter. Invesco Ltd. now owns 569,519 shares of the company's stock valued at $43,500,000 after purchasing an additional 197,927 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of StoneX Group by 2.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock valued at $51,050,000 after purchasing an additional 10,222 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at StoneX Group

In related news, insider Abigail H. Perkins sold 10,470 shares of the business's stock in a transaction 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 sale, the insider owned 43,913 shares of the company's stock, valued at approximately $3,786,178.86. The trade was a 19.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John Radziwill bought 1,400 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost 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 approximately $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 in the last quarter. 11.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

StoneX Group Price Performance

NASDAQ SNEX traded down $0.8050 on Wednesday, hitting $95.6950. The company had a trading volume of 71,465 shares, compared to its average volume of 416,806. The company has a market capitalization of $4.99 billion, a PE ratio of 16.28 and a beta of 0.57. The company's fifty day moving average price is $91.65 and its 200-day moving average price is $84.80. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. StoneX Group Inc. has a 12-month low of $50.31 and a 12-month high of $100.40.

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

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.