Mackenzie Financial Corp Takes Position in StoneX Group Inc. (NASDAQ:SNEX)

Mackenzie Financial Corp acquired a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,184 shares of the company's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNEX. American Century Companies Inc. raised its position in shares of StoneX Group by 17.7% in the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after purchasing an additional 152,847 shares during the last quarter. Geode Capital Management LLC raised its holdings in StoneX Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock worth $66,372,000 after buying an additional 6,076 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of StoneX Group by 2.0% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $49,814,000 after buying an additional 20,928 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of StoneX Group by 9.9% during the fourth quarter. Northern Trust Corp now owns 335,456 shares of the company's stock valued at $32,865,000 after acquiring an additional 30,248 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Insider Activity at StoneX Group

In other news, CEO Philip Andrew Smith sold 7,457 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $93.26, for a total value of $695,439.82. Following the completion of the sale, the chief executive officer now directly owns 335,254 shares of the company's stock, valued at $31,265,788.04. This represents a 2.18% 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 Sean Michael Oconnor sold 3,417 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $90.57, for a total value of $309,477.69. Following the completion of the sale, the chairman now owns 1,019,667 shares of the company's stock, valued at $92,351,240.19. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,082 shares of company stock worth $11,021,613. Corporate insiders own 11.70% of the company's stock.

StoneX Group Stock Performance

Shares of StoneX Group stock traded up $1.66 during trading hours on Friday, reaching $85.16. 206,009 shares of the stock traded hands, compared to its average volume of 291,821. StoneX Group Inc. has a one year low of $46.43 and a one year high of $97.17. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 10.17 and a beta of 0.53. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average price of $83.40 and a 200 day moving average price of $76.26.

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 analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. The business had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. On average, equities research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, William Blair initiated coverage on StoneX Group in a research report on Wednesday, March 26th. They issued an "outperform" rating for the company.

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.