Millennium Management LLC Purchases 25,046 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Millennium Management LLC boosted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 149.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,761 shares of the company's stock after purchasing an additional 25,046 shares during the quarter. Millennium Management LLC owned about 0.13% of StoneX Group worth $4,091,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in StoneX Group during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC increased its position in StoneX Group by 250.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after acquiring an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in StoneX Group during the fourth quarter valued at $75,000. KBC Group NV increased its position in StoneX Group by 39.0% during the fourth quarter. KBC Group NV now owns 1,309 shares of the company's stock valued at $128,000 after acquiring an additional 367 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in StoneX Group by 145.2% during the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after acquiring an additional 1,015 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Trading Up 1.1%

Shares of NASDAQ SNEX traded up $0.95 during mid-day trading on Friday, reaching $85.04. The company had a trading volume of 355,402 shares, compared to its average volume of 291,145. The business's 50-day moving average is $82.88 and its 200-day moving average is $75.80. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 10.16 and a beta of 0.63. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS 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 net margin of 0.26% and a return on equity of 16.83%. Equities analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Transactions at StoneX Group

In other StoneX Group news, President Charles M. Lyon sold 13,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the transaction, the president now directly owns 122,080 shares in the company, valued at $10,611,193.60. This represents a 9.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the transaction, the director now owns 116,735 shares in the company, valued at approximately $10,243,496.25. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,082 shares of company stock worth $11,021,613. Insiders own 11.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed coverage on shares of StoneX Group in a report on Wednesday, March 26th. They issued an "outperform" rating on the stock.

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.