Illinois Municipal Retirement Fund boosted its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 55.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,622 shares of the company's stock after purchasing an additional 8,390 shares during the period. Illinois Municipal Retirement Fund's holdings in StoneX Group were worth $1,804,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of StoneX Group by 17.7% during the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after buying an additional 152,847 shares in the last quarter. Perpetual Ltd bought a new position in StoneX Group during the 1st quarter valued at $64,679,000. Geode Capital Management LLC grew its holdings in StoneX Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock worth $66,372,000 after acquiring an additional 6,076 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in StoneX Group by 2.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock worth $51,050,000 after acquiring an additional 10,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of StoneX Group by 4.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock worth $49,814,000 after purchasing an additional 20,928 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.
Insiders Place Their Bets
In other news, Chairman John Radziwill bought 1,400 shares of StoneX Group stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $85.00 per share, with a total value of $119,000.00. Following the purchase, 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 filing with the SEC, which is accessible through this link. Also, Director John Moore Fowler sold 1,125 shares of the company'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 transaction, the director owned 116,735 shares of the company's stock, valued at approximately $10,243,496.25. This trade represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,262 shares of company stock worth $14,772,846. 11.70% of the stock is owned by company insiders.
StoneX Group Stock Performance
StoneX Group stock traded up $1.07 during mid-day trading on Thursday, reaching $93.78. The company's stock had a trading volume of 111,781 shares, compared to its average volume of 301,659. 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 twelve month low of $47.69 and a twelve month high of $97.17. The business has a 50 day moving average price of $87.45 and a 200-day moving average price of $78.70. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 15.89 and a beta of 0.54.
StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The business had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. Sell-side analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, William Blair began coverage on StoneX Group in a research report on Wednesday, March 26th. They issued an "outperform" rating for the company.
Check Out Our Latest Stock Analysis on StoneX Group
About StoneX Group
(
Free Report)
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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