StoneX Group Inc. (NASDAQ:SNEX) Shares Acquired by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC grew its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 96.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,962 shares of the company's stock after purchasing an additional 4,402 shares during the quarter. Cornerstone Investment Partners LLC's holdings in StoneX Group were worth $685,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in StoneX Group by 52.6% during the 1st quarter. Allworth Financial LP now owns 1,244 shares of the company's stock worth $95,000 after buying an additional 429 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of StoneX Group by 49.7% during the first quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock worth $256,000 after acquiring an additional 1,112 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of StoneX Group by 59.9% during the first quarter. Envestnet Asset Management Inc. now owns 150,027 shares of the company's stock valued at $11,459,000 after acquiring an additional 56,174 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of StoneX Group in the 1st quarter valued at approximately $1,246,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of StoneX Group in the 1st quarter valued at approximately $396,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, William Blair started coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating on the stock.

StoneX Group Stock Performance

Shares of NASDAQ SNEX traded down $4.91 during mid-day trading on Friday, hitting $91.44. The stock had a trading volume of 427,898 shares, compared to its average volume of 308,535. The firm has a market cap of $4.47 billion, a PE ratio of 15.49 and a beta of 0.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. The company has a 50 day moving average of $88.25 and a two-hundred day moving average of $80.19. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $99.08.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. Research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 40,553 shares of StoneX Group stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $80.30, for a total transaction of $3,256,405.90. Following the completion of the sale, the chief executive officer directly owned 342,711 shares in the company, valued at approximately $27,519,693.30. The trade was a 10.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Charles M. Lyon sold 17,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the transaction, the president directly owned 122,080 shares of the company's stock, valued at approximately $10,733,273.60. This trade represents a 12.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,262 shares of company stock worth $14,146,806 in the last 90 days. Corporate insiders own 11.70% of the company's stock.

StoneX Group 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.