StoneX Group Inc. (NASDAQ:SNEX) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 283.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,433 shares of the company's stock after buying an additional 26,925 shares during the period. D. E. Shaw & Co. Inc. owned 0.11% of StoneX Group worth $3,569,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in StoneX Group by 104.3% during the 4th quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company's stock worth $32,260,000 after purchasing an additional 168,098 shares during the period. American Century Companies Inc. raised its holdings in shares of StoneX Group by 17.7% in the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after buying an additional 152,847 shares during the last quarter. Norges Bank purchased a new stake in StoneX Group during the 4th quarter valued at about $10,551,000. Raymond James Financial Inc. purchased a new position in StoneX Group during the 4th quarter worth approximately $10,276,000. Finally, BNP Paribas Financial Markets purchased a new position in StoneX Group during the 4th quarter worth approximately $9,520,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other StoneX Group news, CEO Philip Andrew Smith sold 9,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $69.56, for a total value of $626,040.00. Following the completion of the sale, the chief executive officer now owns 342,711 shares of the company's stock, valued at $23,838,977.16. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Sean Michael Oconnor sold 34,083 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $89.63, for a total transaction of $3,054,859.29. Following the completion of the transaction, the chairman now owns 1,023,084 shares in the company, valued at $91,699,018.92. This represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,082 shares of company stock valued at $11,021,613 in the last three months. 11.70% of the stock is currently owned by company insiders.

StoneX Group Trading Up 0.7%

StoneX Group stock traded up $0.57 during mid-day trading on Friday, hitting $85.53. The company's stock had a trading volume of 241,428 shares, compared to its average volume of 288,919. The firm has a market capitalization of $4.18 billion, a PE ratio of 10.22 and a beta of 0.63. StoneX Group Inc. has a 1 year low of $46.43 and a 1 year high of $97.17. The stock's fifty day moving average is $82.26 and its two-hundred day moving average is $75.07. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.

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 (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. The business had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. On average, analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Analysts Set New Price Targets

Separately, William Blair began coverage on StoneX Group in a research note on Wednesday, March 26th. They issued an "outperform" rating for the company.

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.