StoneX Group Inc. (NASDAQ:SNEX) Position Boosted by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC increased its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 48.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,526 shares of the company's stock after buying an additional 5,083 shares during the quarter. Harbour Capital Advisors LLC's holdings in StoneX Group were worth $1,152,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SNEX. Sheets Smith Wealth Management grew its stake in shares of StoneX Group by 56.9% in the first quarter. Sheets Smith Wealth Management now owns 8,622 shares of the company's stock worth $659,000 after purchasing an additional 3,127 shares in the last quarter. Longboard Asset Management LP lifted its holdings in StoneX Group by 50.0% in the first quarter. Longboard Asset Management LP now owns 3,096 shares of the company's stock worth $236,000 after purchasing an additional 1,032 shares during the period. Sawgrass Asset Management LLC grew its position in StoneX Group by 34.9% in the 1st quarter. Sawgrass Asset Management LLC now owns 4,709 shares of the company's stock valued at $360,000 after buying an additional 1,219 shares in the last quarter. Woodmont Investment Counsel LLC increased its stake in StoneX Group by 108.2% during the 1st quarter. Woodmont Investment Counsel LLC now owns 266,768 shares of the company's stock valued at $20,376,000 after buying an additional 138,627 shares during the period. Finally, Riverwater Partners LLC increased its stake in StoneX Group by 50.0% during the 1st quarter. Riverwater Partners LLC now owns 43,249 shares of the company's stock valued at $3,303,000 after buying an additional 14,418 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Transactions at StoneX Group

In related news, CEO Philip Andrew Smith sold 4,447 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $80.07, for a total value of $356,071.29. Following the completion of the transaction, the chief executive officer now owns 342,711 shares in the company, valued at $27,440,869.77. This trade represents a 1.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Abigail H. Perkins sold 10,112 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $84.25, for a total transaction of $851,936.00. Following the sale, the insider now directly owns 37,616 shares of the company's stock, valued at $3,169,148. This represents a 21.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 174,262 shares of company stock valued at $14,772,846 in the last quarter. Insiders own 11.70% of the company's stock.

StoneX Group Price Performance

SNEX traded up $1.69 during trading on Tuesday, reaching $88.17. The stock had a trading volume of 184,679 shares, compared to its average volume of 294,988. The stock has a 50 day moving average of $86.05 and a two-hundred day moving average of $77.74. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 14.94 and a beta of 0.53. StoneX Group Inc. has a 1-year low of $47.69 and a 1-year high of $97.17.

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 for the quarter, beating the consensus estimate of $1.32 by $0.09. The business had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. As a group, equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal 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.