StoneX Group Inc. $SNEX Stock Holdings Increased by Champlain Investment Partners LLC

Key Points

• Champlain Investment Partners LLC increased its stake in StoneX Group Inc. by 335.2% in the first quarter, purchasing an additional 294,167 shares for a total of 381,924 shares valued at approximately $29.17 million.
• Wall Street analysts have rated StoneX Group as a "strong-buy," with a consensus recommendation leaning positively towards the company's stock performance.
• The company reported earnings of $1.22 per share for the last quarter, falling short of the consensus estimate, though revenue surpassed expectations at $1.02 billion.

Champlain Investment Partners LLC lifted its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 335.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 381,924 shares of the company's stock after purchasing an additional 294,167 shares during the quarter. Champlain Investment Partners LLC owned about 0.78% of StoneX Group worth $29,171,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC grew its holdings in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after purchasing an additional 150 shares during the period. Simplex Trading LLC purchased a new stake in shares of StoneX Group during the 1st quarter worth about $47,000. GAMMA Investing LLC grew its holdings in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares during the period. IFP Advisors Inc grew its holdings in shares of StoneX Group by 74,100.0% during the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 741 shares during the period. Finally, CWM LLC grew its holdings in shares of StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after purchasing an additional 355 shares during the period. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Stock Up 1.1%

SNEX traded up $1.12 on Monday, reaching $102.17. The company's stock had a trading volume of 661,862 shares, compared to its average volume of 652,481. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 17.41 and a beta of 0.56. StoneX Group Inc. has a 1 year low of $50.31 and a 1 year high of $102.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The business's 50 day moving average is $93.86 and its 200 day moving average is $86.07.

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 analysts' consensus estimates of $1.39 by ($0.17). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. As a group, research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy".

Insiders Place Their Bets

In related news, insider Abigail H. Perkins sold 16,098 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the transaction, the insider owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. This represents a 34.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the sale, the director directly owned 115,749 shares of the company's stock, valued at approximately $11,111,904. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,305 shares of company stock worth $3,859,233. Company insiders own 11.70% of the company's stock.

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.