Deutsche Bank AG Increases Stake in StoneX Group Inc. (NASDAQ:SNEX)

Deutsche Bank AG boosted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 20.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,101 shares of the company's stock after purchasing an additional 8,084 shares during the period. Deutsche Bank AG owned about 0.15% of StoneX Group worth $4,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC acquired a new position in StoneX Group during the fourth quarter valued at $856,000. Principal Financial Group Inc. lifted its position in StoneX Group by 11.0% during the third quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock valued at $12,236,000 after purchasing an additional 14,784 shares during the period. BNP Paribas Financial Markets acquired a new position in StoneX Group during the fourth quarter valued at $9,520,000. Barclays PLC lifted its position in StoneX Group by 359.4% during the third quarter. Barclays PLC now owns 46,755 shares of the company's stock valued at $3,828,000 after purchasing an additional 36,577 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in StoneX Group during the fourth quarter valued at $2,125,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Performance

SNEX traded down $1.32 on Thursday, reaching $84.96. The stock had a trading volume of 288,147 shares, compared to its average volume of 287,701. StoneX Group Inc. has a 12-month low of $46.43 and a 12-month high of $97.17. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The business's 50-day moving average price is $81.87 and its two-hundred day moving average price is $74.68. The company has a market cap of $4.16 billion, a P/E ratio of 10.15 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released 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. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. The company had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. Sell-side analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Analysts Set New Price Targets

Separately, William Blair initiated coverage on shares of StoneX Group in a report on Wednesday, March 26th. They issued an "outperform" rating for the company.

Insider Buying and Selling at StoneX Group

In other news, President Charles M. Lyon sold 17,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the completion of the sale, the president now owns 122,080 shares of the company's stock, valued at $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the transaction, the director now owns 116,735 shares in the company, valued at $10,243,496.25. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,082 shares of company stock valued at $11,021,613. 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.