KLP Kapitalforvaltning AS Has $676,000 Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

KLP Kapitalforvaltning AS lifted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 50.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,850 shares of the company's stock after purchasing an additional 2,950 shares during the quarter. KLP Kapitalforvaltning AS's holdings in StoneX Group were worth $676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SNEX. Perpetual Ltd acquired a new position in StoneX Group during the first quarter worth about $64,679,000. Geode Capital Management LLC grew its holdings in StoneX Group by 0.9% during the fourth 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 during the period. T. Rowe Price Investment Management Inc. grew its holdings in StoneX Group by 2.0% during the fourth 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 during the period. Price T Rowe Associates Inc. MD grew its holdings in StoneX Group by 4.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock worth $49,814,000 after acquiring an additional 20,928 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in StoneX Group by 24.1% during the first quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company's stock worth $30,163,000 after acquiring an additional 76,778 shares during the period. 75.93% of the stock is currently owned by institutional investors.

Insider Activity at StoneX Group

In other StoneX Group news, insider Abigail H. Perkins sold 16,098 shares of StoneX Group stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the transaction, the insider owned 31,076 shares of the company's stock, valued at $2,642,703.04. The trade was a 34.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $87.75, for a total value of $98,718.75. Following the sale, the director owned 116,735 shares of the company's stock, valued at approximately $10,243,496.25. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,762 shares of company stock worth $7,169,992. Company insiders own 11.70% of the company's stock.

StoneX Group Price Performance

NASDAQ:SNEX traded down $0.28 during mid-day trading on Friday, reaching $96.96. 947,616 shares of the stock were exchanged, compared to its average volume of 388,401. The business has a fifty day moving average price of $89.83 and a 200 day moving average price of $82.86. The firm has a market capitalization of $4.74 billion, a PE ratio of 16.42 and a beta of 0.54. StoneX Group Inc. has a 1-year low of $47.69 and a 1-year high of $99.08. 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 (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. The firm had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. Research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

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.