Cetera Investment Advisers Boosts Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• Cetera Investment Advisers significantly increased its stake in StoneX Group Inc., raising its holdings by 179.8% during the first quarter, resulting in ownership of 15,940 shares valued at approximately $1.2 million.
• StoneX Group's stock price increased by 2.5%, with a market capitalization of $4.66 billion and a current P/E ratio of 15.22.
• Insider trading activity included CEO Philip Andrew Smith selling 7,500 shares for $627,600 and Chairman John Radziwill purchasing 1,400 shares for $119,000, indicating mixed sentiment among executives.

Cetera Investment Advisers raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 179.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 15,940 shares of the company's stock after purchasing an additional 10,244 shares during the period. Cetera Investment Advisers' holdings in StoneX Group were worth $1,217,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SNEX. Arrowstreet Capital Limited Partnership purchased a new position in StoneX Group during the 4th quarter valued at about $402,000. Alliancebernstein L.P. boosted its holdings in shares of StoneX Group by 10.7% in the 4th quarter. Alliancebernstein L.P. now owns 32,374 shares of the company's stock valued at $3,172,000 after buying an additional 3,121 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of StoneX Group by 15.1% in the 4th quarter. Franklin Resources Inc. now owns 27,894 shares of the company's stock valued at $2,733,000 after buying an additional 3,656 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of StoneX Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock valued at $66,372,000 after buying an additional 6,076 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of StoneX Group by 33.7% in the 4th quarter. Wells Fargo & Company MN now owns 22,004 shares of the company's stock valued at $2,156,000 after buying an additional 5,550 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Stock Up 2.5%

NASDAQ:SNEX opened at $89.33 on Monday. StoneX Group Inc. has a fifty-two week low of $50.31 and a fifty-two week high of $100.40. The stock has a market capitalization of $4.66 billion, a P/E ratio of 15.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. The company's 50-day simple moving average is $90.55 and its 200-day simple moving average is $83.92.

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

Insider Buying and Selling

In related news, CEO Philip Andrew Smith sold 7,500 shares of StoneX Group stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total value of $627,600.00. Following the completion of the sale, the chief executive officer directly owned 327,754 shares in the company, valued at $27,426,454.72. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John Radziwill acquired 1,400 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $85.00 per share, with a total value of $119,000.00. Following the completion of the purchase, the chairman owned 100,240 shares in the company, valued at approximately $8,520,400. This trade represents a 1.42% increase in their position. The disclosure for this purchase can be found here. Insiders sold 76,430 shares of company stock worth $6,582,552 over the last ninety days. Company insiders own 11.70% of the company's stock.

About StoneX Group

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.

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