StoneX Group Inc. $SNEX Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC increased its holdings in StoneX Group Inc. by 58.8% in the first quarter, owning approximately $2.89 million in stock after acquiring additional shares.
• CEO Philip Andrew Smith sold 7,500 shares at $83.68 each, while Chairman John Radziwill purchased 1,400 shares at $85.00 each, indicating mixed insider trading activities.
• Analysts have upgraded StoneX Group to a "strong-buy" rating, which reflects positive sentiment regarding the company's future performance despite reporting lower than expected earnings recently.

LPL Financial LLC boosted its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 58.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,777 shares of the company's stock after purchasing an additional 13,982 shares during the quarter. LPL Financial LLC owned approximately 0.08% of StoneX Group worth $2,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SNEX. Van Berkom & Associates Inc. raised its holdings in shares of StoneX Group by 16.0% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock valued at $107,593,000 after acquiring an additional 193,921 shares in the last quarter. Perpetual Ltd bought a new stake in StoneX Group in the 1st quarter worth approximately $64,679,000. T. Rowe Price Investment Management Inc. lifted its position in StoneX Group by 2.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock worth $51,050,000 after buying an additional 10,222 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 buying an additional 20,928 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in StoneX Group by 24.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company's stock worth $30,163,000 after buying an additional 76,778 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded StoneX Group to a "strong-buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

StoneX Group Trading Up 0.6%

Shares of NASDAQ:SNEX traded up $0.59 during trading on Thursday, hitting $96.38. The company had a trading volume of 257,502 shares, compared to its average volume of 418,643. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 16.45 and a beta of 0.57. StoneX Group Inc. has a one year low of $50.31 and a one year high of $100.40. The company has a fifty day simple moving average of $91.87 and a two-hundred day simple moving average of $84.88. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48.

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

Insiders Place Their Bets

In related news, Director John Moore Fowler sold 1,125 shares of the firm'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 completion of the sale, the director directly owned 115,749 shares of the company's stock, valued at approximately $11,111,904. This trade represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Abigail H. Perkins sold 10,470 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $86.22, for a total value of $902,723.40. Following the sale, the insider directly 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. Insiders sold a total of 45,305 shares of company stock valued at $3,859,233 over the last quarter. 11.70% of the stock is currently owned by insiders.

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.