Charles Schwab Investment Management Inc. Purchases 159,068 Shares of StoneX Group Inc. $SNEX

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in StoneX Group Inc. by 56.2%, now owning 441,977 shares worth $33.76 million after acquiring an additional 159,068 shares in the first quarter.
• Insider Abigail H. Perkins sold 10,470 shares of StoneX Group, and CEO Philip Andrew Smith sold 7,500 shares, indicating significant insider activity in the company's stock.
• StoneX Group received a "strong-buy" rating from Zacks Research, despite reporting earnings per share that missed consensus estimates in its latest earnings release.

Charles Schwab Investment Management Inc. grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 56.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 441,977 shares of the company's stock after acquiring an additional 159,068 shares during the period. Charles Schwab Investment Management Inc. owned 0.92% of StoneX Group worth $33,758,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in StoneX Group by 51.3% during the first quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock worth $220,068,000 after acquiring an additional 976,587 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in StoneX Group by 16.0% during the first quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock worth $107,593,000 after acquiring an additional 193,921 shares during the last quarter. Perpetual Ltd bought a new position in shares of StoneX Group during the first quarter worth approximately $64,679,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of StoneX Group by 2.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock worth $51,050,000 after purchasing an additional 10,222 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of StoneX Group by 4.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock worth $49,814,000 after purchasing an additional 20,928 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Price Performance

NASDAQ:SNEX traded up $0.17 on Thursday, hitting $95.96. The company had a trading volume of 581,822 shares, compared to its average volume of 420,863. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 16.35 and a beta of 0.57. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average of $91.87 and a two-hundred day moving average of $84.88. StoneX Group Inc. has a 52 week low of $50.31 and a 52 week high of $100.40.

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

Insider Buying and Selling at StoneX Group

In other news, insider Abigail H. Perkins sold 16,098 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total value of $1,368,973.92. Following the sale, the insider directly owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. This represents a 34.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Philip Andrew Smith sold 7,500 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the sale, the chief executive officer directly owned 327,754 shares in the company, valued at approximately $27,426,454.72. This represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,305 shares of company stock valued at $3,859,233. Insiders own 11.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, StoneX Group presently has an average rating of "Strong Buy".

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.