NBC Securities Inc. Acquires 33,658 Shares of StoneX Group Inc. (NASDAQ:SNEX)

NBC Securities Inc. boosted its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 146,339.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,681 shares of the company's stock after purchasing an additional 33,658 shares during the quarter. NBC Securities Inc. owned about 0.07% of StoneX Group worth $2,572,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNEX. Barclays PLC increased its stake in StoneX Group by 359.4% in the third quarter. Barclays PLC now owns 46,755 shares of the company's stock valued at $3,828,000 after purchasing an additional 36,577 shares in the last quarter. KBC Group NV lifted its holdings in shares of StoneX Group by 39.0% in the 4th quarter. KBC Group NV now owns 1,309 shares of the company's stock worth $128,000 after purchasing an additional 367 shares in the last quarter. Longboard Asset Management LP acquired a new position in shares of StoneX Group during the fourth quarter valued at about $202,000. Tectonic Advisors LLC bought a new stake in shares of StoneX Group during the fourth quarter worth about $226,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of StoneX Group by 23.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 51,572 shares of the company's stock worth $5,067,000 after acquiring an additional 9,692 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Stock Up 0.3%

Shares of NASDAQ:SNEX traded up $0.29 during mid-day trading on Tuesday, hitting $84.96. 331,253 shares of the company traded hands, compared to its average volume of 291,145. The stock has a market cap of $4.16 billion, a P/E ratio of 10.15 and a beta of 0.63. The stock has a 50-day moving average price of $82.98 and a two-hundred day moving average price of $76.02. StoneX Group Inc. has a 12-month low of $46.43 and a 12-month high of $97.17. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. The business had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. On average, equities research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other StoneX Group news, President Charles M. Lyon sold 13,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $86.92, for a total value of $1,129,960.00. Following the sale, the president now owns 122,080 shares of the company's stock, valued at $10,611,193.60. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total transaction of $98,718.75. Following the sale, the director now owns 116,735 shares of the company's stock, 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. In the last quarter, insiders have sold 130,082 shares of company stock valued at $11,021,613. Corporate insiders own 11.70% of the company's stock.

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.