Decker Retirement Planning Inc. Invests $2.63 Million in StoneX Group Inc. (NASDAQ:SNEX)

Decker Retirement Planning Inc. purchased a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,395 shares of the company's stock, valued at approximately $2,627,000. StoneX Group accounts for about 1.6% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 12th largest holding. Decker Retirement Planning Inc. owned approximately 0.07% of StoneX Group at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SNEX. GAMMA Investing LLC lifted its holdings in 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 in the last quarter. Smartleaf Asset Management LLC increased its position in shares of StoneX Group by 250.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after buying an additional 469 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of StoneX Group during the fourth quarter valued at about $75,000. Bessemer Group Inc. lifted its holdings in shares of StoneX Group by 145.2% in the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock worth $168,000 after buying an additional 1,015 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new position in shares of StoneX Group in the fourth quarter valued at approximately $202,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

StoneX Group Stock Up 0.6%

SNEX opened at $91.38 on Friday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 15.48 and a beta of 0.53. StoneX Group Inc. has a one year low of $47.69 and a one year high of $97.17. The company has a fifty day moving average price of $86.84 and a 200-day moving average price of $78.20. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. The business had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. Equities research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Transactions at StoneX Group

In other news, CEO Philip Andrew Smith sold 4,447 shares of StoneX Group stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $80.07, for a total transaction of $356,071.29. Following the completion of the sale, the chief executive officer now directly owns 342,711 shares of the company's stock, valued at approximately $27,440,869.77. The trade was a 1.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Sean Michael Oconnor sold 34,083 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total value of $3,054,859.29. Following the sale, the chairman now owns 1,023,084 shares in the company, valued at $91,699,018.92. The trade was a 3.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,262 shares of company stock valued at $14,772,846. 11.70% of the stock is owned by corporate insiders.

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.

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