Intech Investment Management LLC Purchases 21,932 Shares of StoneX Group Inc. $SNEX

Key Points

• Intech Investment Management LLC increased its holdings in StoneX Group Inc. by 75.1% in Q1, acquiring an additional 21,932 shares to own a total of 51,146 shares, valued at $3,907,000.
• Other institutional investors such as Vanguard Group and American Century Companies also significantly increased their stakes, indicating strong institutional interest in StoneX Group.
• Following the latest earnings report, Zacks Research upgraded StoneX Group to a "strong-buy" rating, enhancing its market outlook amidst a moderate decline in share price.

Intech Investment Management LLC raised its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 75.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,146 shares of the company's stock after purchasing an additional 21,932 shares during the quarter. Intech Investment Management LLC owned 0.10% of StoneX Group worth $3,907,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of StoneX Group by 51.3% during the 1st quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock valued at $220,068,000 after purchasing an additional 976,587 shares during the period. American Century Companies Inc. grew its stake in shares of StoneX Group by 93.6% during the 1st quarter. American Century Companies Inc. now owns 1,963,717 shares of the company's stock valued at $149,989,000 after purchasing an additional 949,486 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of StoneX Group by 41.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company's stock valued at $146,915,000 after purchasing an additional 567,196 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of StoneX Group by 16.0% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock valued at $107,593,000 after purchasing an additional 193,921 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of StoneX Group by 82.8% during the 1st quarter. Ameriprise Financial Inc. now owns 914,212 shares of the company's stock valued at $69,828,000 after purchasing an additional 414,204 shares during the period. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Trading Down 1.9%

SNEX stock opened at $96.60 on Friday. StoneX Group Inc. has a 1-year low of $52.71 and a 1-year high of $106.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 16.46 and a beta of 0.56. The business has a 50 day simple moving average of $95.70 and a two-hundred day simple moving average of $87.30.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.17). StoneX Group had a return on equity of 16.20% and a net margin of 0.23%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. Research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, StoneX Group currently has an average rating of "Strong Buy".

Insider Activity at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $96.00, for a total transaction of $108,000.00. Following the sale, the director directly owned 115,749 shares of the company's stock, valued at $11,111,904. This represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Abigail H. Perkins sold 10,470 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the transaction, the insider owned 43,913 shares of the company's stock, valued at $3,786,178.86. This represents a 19.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.70% of the company's stock.

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.

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