Foundry Partners LLC Acquires 40,685 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Foundry Partners LLC raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 52.1% in the first quarter, according to its most recent Form 13F filing with the SEC. 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 about 0.25% of StoneX Group worth $9,077,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its holdings in shares of StoneX Group by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock valued at $284,000 after purchasing an additional 119 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of StoneX Group by 2.1% during the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock valued at $794,000 after purchasing an additional 164 shares in the last quarter. MRP Capital Investments LLC raised its holdings in shares of StoneX Group by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock valued at $1,704,000 after purchasing an additional 175 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of StoneX Group by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company's stock valued at $543,000 after purchasing an additional 306 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after purchasing an additional 355 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Stock Performance

NASDAQ:SNEX traded up $0.33 during midday trading on Tuesday, reaching $95.01. The stock had a trading volume of 325,084 shares, compared to its average volume of 311,612. StoneX Group Inc. has a 1-year low of $47.69 and a 1-year high of $99.08. The firm's fifty day simple moving average is $88.37 and its 200-day simple moving average is $81.31. 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 stock has a market capitalization of $4.65 billion, a P/E ratio of 16.09 and a beta of 0.54.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results 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. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. On average, equities research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Chairman John Radziwill purchased 1,400 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the transaction, the chairman directly owned 100,240 shares of the company's stock, valued at approximately $8,520,400. This trade represents a 1.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Charles M. Lyon sold 13,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the completion of the sale, the president owned 122,080 shares in the company, valued at $10,611,193.60. This represents a 9.62% 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 worth $10,534,329. 11.70% of the stock is currently 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.