Foundry Partners LLC Has $9.08 Million Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Foundry Partners LLC increased its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 52.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,834 shares of the company's stock after buying an additional 40,685 shares during the period. Foundry Partners LLC owned 0.25% of StoneX Group worth $9,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in StoneX Group during the 4th quarter worth approximately $10,276,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in StoneX Group by 15.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,090 shares of the company's stock valued at $793,000 after purchasing an additional 1,073 shares during the last quarter. Swiss National Bank increased its position in StoneX Group by 0.7% during the 4th quarter. Swiss National Bank now owns 56,250 shares of the company's stock worth $5,511,000 after buying an additional 400 shares during the period. Natixis Advisors LLC increased its position in StoneX Group by 14.4% during the 4th quarter. Natixis Advisors LLC now owns 16,279 shares of the company's stock worth $1,595,000 after buying an additional 2,055 shares during the period. Finally, Cibc World Markets Corp bought a new position in StoneX Group during the 4th quarter worth $254,000. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Price Performance

Shares of StoneX Group stock opened at $93.65 on Friday. The business's 50-day moving average price is $88.37 and its 200-day moving average price is $81.10. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. StoneX Group Inc. has a 12 month low of $47.69 and a 12 month high of $99.08. The firm has a market capitalization of $4.58 billion, a PE ratio of 15.86 and a beta of 0.54.

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 analysts' consensus estimates 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%. Sell-side analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Abigail H. Perkins sold 16,098 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the completion of the sale, the insider owned 31,076 shares in the company, valued at approximately $2,642,703.04. This represents a 34.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the sale, the chief executive officer directly owned 327,754 shares in the company, valued at $27,426,454.72. This represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,262 shares of company stock valued at $10,534,329. Insiders own 11.70% of the company's stock.

Wall Street Analyst Weigh In

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

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