New York State Common Retirement Fund Purchases 59,480 Shares of StoneX Group Inc. (NASDAQ:SNEX)

New York State Common Retirement Fund grew its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 51.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,072 shares of the company's stock after acquiring an additional 59,480 shares during the period. New York State Common Retirement Fund owned 0.36% of StoneX Group worth $13,296,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new position in shares of StoneX Group during the 1st quarter worth approximately $251,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of StoneX Group by 51.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock worth $582,000 after buying an additional 2,598 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of StoneX Group by 49.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock worth $256,000 after purchasing an additional 1,112 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of StoneX Group by 55.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock worth $1,804,000 after purchasing an additional 8,390 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of StoneX Group by 283.1% in the 1st quarter. Bessemer Group Inc. now owns 6,567 shares of the company's stock worth $502,000 after purchasing an additional 4,853 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

StoneX Group Trading Up 2.0%

SNEX stock traded up $1.80 during trading on Friday, reaching $93.65. The company had a trading volume of 314,822 shares, compared to its average volume of 310,508. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $99.08. The business has a 50 day moving average of $88.37 and a 200 day moving average of $81.21. The company has a market cap of $4.58 billion, a P/E ratio of 15.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35.

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, beating analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. As a group, sell-side analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $87.75, for a total value of $98,718.75. Following the sale, the director directly owned 116,735 shares in the company, valued at $10,243,496.25. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Charles M. Lyon sold 13,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the completion of the sale, the president owned 122,080 shares in the company, valued at approximately $10,611,193.60. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,262 shares of company stock worth $10,534,329 in the last 90 days. 11.70% of the stock is owned by company insiders.

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.