Envestnet Asset Management Inc. Boosts Position in StoneX Group Inc. (NASDAQ:SNEX)

Envestnet Asset Management Inc. raised its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 59.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 150,027 shares of the company's stock after buying an additional 56,174 shares during the period. Envestnet Asset Management Inc. owned about 0.31% of StoneX Group worth $11,459,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNEX. Sequoia Financial Advisors LLC bought a new stake in shares of StoneX Group in the 1st quarter valued at $251,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of StoneX Group by 51.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock valued at $582,000 after purchasing an additional 2,598 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of StoneX Group by 55.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock valued at $1,804,000 after purchasing an additional 8,390 shares during the period. Bessemer Group Inc. increased its stake in StoneX Group by 283.1% during the 1st quarter. Bessemer Group Inc. now owns 6,567 shares of the company's stock worth $502,000 after purchasing an additional 4,853 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in StoneX Group by 117.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,495 shares of the company's stock valued at $1,107,000 after buying an additional 7,832 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

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.

Insider Activity

In other StoneX Group news, President Charles M. Lyon sold 17,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $10,733,273.60. This represents a 12.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Sean Michael Oconnor sold 34,083 shares of the stock in a transaction dated 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 transaction, the chairman directly owned 1,023,084 shares in the company, valued at $91,699,018.92. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,262 shares of company stock worth $10,534,329. 11.70% of the stock is owned by insiders.

StoneX Group Stock Performance

StoneX Group stock traded up $1.03 during midday trading on Monday, hitting $94.68. The company's stock had a trading volume of 430,265 shares, compared to its average volume of 386,176. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 16.04 and a beta of 0.54. StoneX Group Inc. has a 1-year low of $47.69 and a 1-year high of $99.08. The company has a 50-day moving average price of $88.37 and a two-hundred day moving average price of $81.31.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its 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. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. As a group, sell-side analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

StoneX Group Company 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.