Jennison Associates LLC Purchases New Stake in StoneX Group Inc. (NASDAQ:SNEX)

Jennison Associates LLC bought a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 9,911 shares of the company's stock, valued at approximately $757,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after acquiring an additional 357 shares during the period. CWM LLC raised its holdings in StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after buying an additional 355 shares during the last quarter. Larson Financial Group LLC raised its holdings in StoneX Group by 4,057.1% during the first quarter. Larson Financial Group LLC now owns 1,164 shares of the company's stock worth $89,000 after buying an additional 1,136 shares during the last quarter. Allworth Financial LP raised its holdings in StoneX Group by 52.6% during the first quarter. Allworth Financial LP now owns 1,244 shares of the company's stock worth $95,000 after buying an additional 429 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in StoneX Group during the first quarter worth $97,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Analysts Set New Price Targets

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

StoneX Group Stock Down 0.1%

SNEX traded down $0.05 during trading on Thursday, hitting $95.58. 109,782 shares of the company's stock were exchanged, compared to its average volume of 383,581. 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 business's 50 day moving average is $88.78 and its two-hundred day moving average is $81.69. StoneX Group Inc. has a fifty-two week low of $47.69 and a fifty-two week high of $99.08. The stock has a market cap of $4.68 billion, a P/E ratio of 16.20 and a beta of 0.54.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. The company had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. As a group, equities analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total value of $627,600.00. Following the completion of the sale, the chief executive officer owned 327,754 shares in the company, valued at $27,426,454.72. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John Radziwill bought 1,400 shares of the stock in a transaction dated Thursday, June 12th. The stock was purchased at an average price of $85.00 per share, with a total value of $119,000.00. Following the acquisition, the chairman owned 100,240 shares of the company's stock, valued at $8,520,400. The trade was a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 120,262 shares of company stock valued at $10,534,329 over the last 90 days. 11.70% of the stock is currently owned by company 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.