Martingale Asset Management L P Has $4.59 Million Holdings in StoneX Group Inc. $SNEX

Key Points

• Martingale Asset Management L P increased its stake in StoneX Group Inc. by 31.6%, owning 60,079 shares worth approximately $4.59 million at the end of the first quarter.
• Institutional investors collectively own 75.93% of StoneX Group's stock, with significant purchases from firms like Vanguard Group Inc. and American Century Companies Inc..
• Analysts have rated StoneX Group as a "strong-buy," with the stock priced at $95.96 and a recent earnings report showing a miss on EPS estimates despite higher-than-expected revenue.

Martingale Asset Management L P increased its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 31.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,079 shares of the company's stock after buying an additional 14,435 shares during the quarter. Martingale Asset Management L P owned about 0.12% of StoneX Group worth $4,589,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SNEX. Vanguard Group Inc. grew its stake in StoneX Group by 51.3% during the 1st quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock valued at $220,068,000 after purchasing an additional 976,587 shares in the last quarter. American Century Companies Inc. lifted its holdings in StoneX Group by 93.6% during the 1st quarter. American Century Companies Inc. now owns 1,963,717 shares of the company's stock worth $149,989,000 after buying an additional 949,486 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in StoneX Group by 41.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company's stock worth $146,915,000 after buying an additional 567,196 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in StoneX Group by 16.0% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock worth $107,593,000 after buying an additional 193,921 shares during the last quarter. Finally, Perpetual Ltd bought a new position in StoneX Group during the 1st quarter worth approximately $64,679,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Wall Street Analyst Weigh In

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Insider Buying and Selling

In related news, CEO Philip Andrew Smith sold 7,500 shares of StoneX Group stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the transaction, the chief executive officer directly owned 327,754 shares in the company, valued at $27,426,454.72. The trade was a 2.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $96.00, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,305 shares of company stock valued at $3,859,233. Insiders own 11.70% of the company's stock.

StoneX Group Price Performance

Shares of SNEX stock traded up $0.68 during mid-day trading on Wednesday, hitting $99.91. 121,484 shares of the stock traded hands, compared to its average volume of 418,019. StoneX Group Inc. has a twelve month low of $50.31 and a twelve month high of $101.09. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 17.02 and a beta of 0.57. The company's 50-day simple moving average is $92.91 and its 200-day simple moving average is $85.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08.

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

About StoneX Group

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.