Koshinski Asset Management Inc. Makes New Investment in StoneX Group Inc. (NASDAQ:SNEX)

Koshinski Asset Management Inc. bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,427 shares of the company's stock, valued at approximately $415,000.

Other institutional investors also recently modified their holdings of the company. Perpetual Ltd bought a new stake in shares of StoneX Group in the 1st quarter valued at $64,679,000. Tidal Investments LLC acquired a new position in StoneX Group in the fourth quarter valued at about $16,557,000. JPMorgan Chase & Co. grew its stake in StoneX Group by 104.3% in the fourth quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company's stock valued at $32,260,000 after acquiring an additional 168,098 shares during the period. American Century Companies Inc. increased its holdings in shares of StoneX Group by 17.7% in the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after acquiring an additional 152,847 shares in the last quarter. Finally, Woodmont Investment Counsel LLC raised its position in shares of StoneX Group by 108.2% during the first quarter. Woodmont Investment Counsel LLC now owns 266,768 shares of the company's stock worth $20,376,000 after purchasing an additional 138,627 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Up 1.2%

SNEX traded up $1.07 during trading on Thursday, reaching $93.78. The company had a trading volume of 111,912 shares, compared to its average volume of 301,659. The company has a market cap of $4.59 billion, a P/E ratio of 15.89 and a beta of 0.54. StoneX Group Inc. has a 12 month low of $47.69 and a 12 month high of $97.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. The business's fifty day moving average price is $87.45 and its 200 day moving average price is $78.70.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its 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. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. Equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Transactions at StoneX Group

In other news, President Charles M. Lyon sold 17,000 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total value of $1,494,640.00. Following the sale, the president owned 122,080 shares of the company's stock, valued at $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Sean Michael Oconnor sold 34,083 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total transaction of $3,054,859.29. Following the completion of the transaction, the chairman directly owned 1,023,084 shares of the company's stock, valued at approximately $91,699,018.92. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold 174,262 shares of company stock valued at $14,772,846 over the last three months. 11.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.