GAMMA Investing LLC Boosts Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

GAMMA Investing LLC raised its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 14,620.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,674 shares of the company's stock after purchasing an additional 56,289 shares during the quarter. GAMMA Investing LLC owned 0.12% of StoneX Group worth $4,329,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Kestra Investment Management LLC acquired a new stake in shares of StoneX Group during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC raised its stake in StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after acquiring an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of StoneX Group in the 4th quarter valued at about $75,000. Bessemer Group Inc. boosted 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 valued at $168,000 after acquiring an additional 1,015 shares during the period. Finally, Handelsbanken Fonder AB acquired a new stake in StoneX Group during the 4th quarter worth $202,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Analysts Set New Price Targets

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

StoneX Group Price Performance

Shares of SNEX traded up $0.09 during mid-day trading on Thursday, reaching $85.15. 192,992 shares of the company's stock were exchanged, compared to its average volume of 292,720. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. StoneX Group Inc. has a 52-week low of $46.43 and a 52-week high of $97.17. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 10.17 and a beta of 0.53. The company has a 50-day simple moving average of $84.52 and a two-hundred day simple moving average of $76.86.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. The company had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. On average, sell-side analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity at StoneX Group

In other news, 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 completion of the sale, the director now owns 116,735 shares in the company, valued at approximately $10,243,496.25. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total transaction of $627,600.00. Following the sale, the chief executive officer now directly owns 327,754 shares of the company's stock, valued at approximately $27,426,454.72. This trade represents a 2.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,582 shares of company stock worth $11,649,213. 11.70% of the stock is owned by company insiders.

About StoneX Group

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.