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

D. E. Shaw & Co. Inc. boosted its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 283.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,433 shares of the company's stock after purchasing an additional 26,925 shares during the period. D. E. Shaw & Co. Inc. owned about 0.11% of StoneX Group worth $3,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC purchased a new position in shares of StoneX Group during the fourth quarter worth $856,000. Principal Financial Group Inc. raised its holdings in shares of StoneX Group by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock valued at $12,236,000 after buying an additional 14,784 shares during the period. BNP Paribas Financial Markets acquired a new position in StoneX Group during the 4th quarter worth about $9,520,000. Barclays PLC boosted its holdings in StoneX Group by 359.4% during the 3rd quarter. Barclays PLC now owns 46,755 shares of the company's stock valued at $3,828,000 after acquiring an additional 36,577 shares during the period. Finally, Deutsche Bank AG grew its position in StoneX Group by 20.2% in the 4th quarter. Deutsche Bank AG now owns 48,101 shares of the company's stock valued at $4,712,000 after acquiring an additional 8,084 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Insiders Place Their Bets

In other news, President Charles M. Lyon sold 17,000 shares of StoneX Group stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total value of $1,494,640.00. Following the completion of the transaction, the president now owns 122,080 shares in the company, valued at approximately $10,733,273.60. This trade represents a 12.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Philip Andrew Smith sold 4,447 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $80.07, for a total value of $356,071.29. Following the transaction, the chief executive officer now directly owns 342,711 shares of the company's stock, valued at approximately $27,440,869.77. This represents a 1.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 130,082 shares of company stock worth $11,021,613 in the last quarter. 11.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed 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 Down 1.5%

Shares of SNEX stock traded down $1.32 during trading on Thursday, reaching $84.96. The company's stock had a trading volume of 288,147 shares, compared to its average volume of 287,701. StoneX Group Inc. has a 1-year low of $46.43 and a 1-year high of $97.17. The stock's 50-day moving average price is $81.87 and its 200 day moving average price is $74.68. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 10.15 and a beta of 0.63. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. The company had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. On average, research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

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.