Nuveen LLC bought a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 207,587 shares of the company's stock, valued at approximately $15,855,000. Nuveen LLC owned 0.43% of StoneX Group at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Invesco Ltd. boosted its holdings in shares of StoneX Group by 53.3% in the first quarter. Invesco Ltd. now owns 569,519 shares of the company's stock valued at $43,500,000 after purchasing an additional 197,927 shares during the period. Simplex Trading LLC purchased a new stake in shares of StoneX Group in the first quarter valued at approximately $47,000. Covestor Ltd boosted its holdings in shares of StoneX Group by 139.9% in the first quarter. Covestor Ltd now owns 2,804 shares of the company's stock valued at $214,000 after purchasing an additional 1,635 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of StoneX Group by 37.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,682 shares of the company's stock valued at $4,788,000 after purchasing an additional 17,129 shares during the period. Finally, Cynosure Group LLC boosted its holdings in shares of StoneX Group by 169.7% in the first quarter. Cynosure Group LLC now owns 8,602 shares of the company's stock valued at $657,000 after purchasing an additional 5,412 shares during the period. Hedge funds and other institutional investors own 75.93% of the company's stock.
Analyst Ratings Changes
Separately, Zacks Research upgraded StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat, StoneX Group has an average rating of "Strong Buy".
Check Out Our Latest Analysis on StoneX Group
StoneX Group Stock Up 1.2%
NASDAQ:SNEX traded up $1.21 during trading hours on Tuesday, reaching $99.23. The company's stock had a trading volume of 381,584 shares, compared to its average volume of 688,736. The company has a market capitalization of $5.18 billion, a P/E ratio of 16.90 and a beta of 0.57. StoneX Group Inc. has a 12 month low of $50.31 and a 12 month high of $100.40. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. The stock has a 50 day moving average price of $92.91 and a two-hundred day moving average price of $85.55.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly 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 business had revenue of $1.02 billion for 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%. Equities analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.
Insiders Place Their Bets
In other StoneX Group news, Chairman John Radziwill purchased 1,400 shares of StoneX Group stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of $85.00 per share, with a total value of $119,000.00. Following the completion of the transaction, the chairman owned 100,240 shares in the company, valued at approximately $8,520,400. This trade represents a 1.42% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the company'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 transaction, the director directly owned 115,749 shares in the company, valued at approximately $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,305 shares of company stock valued at $3,859,233. Company insiders own 11.70% of the company's stock.
About StoneX Group
(
Free Report)
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.
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