Penserra Capital Management LLC Makes New $1.25 Million Investment in StoneX Group Inc. (NASDAQ:SNEX)

Penserra Capital Management LLC bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,324 shares of the company's stock, valued at approximately $1,246,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNEX. GAMMA Investing LLC grew its stake in shares of StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of StoneX Group in the 4th quarter valued at about $75,000. HM Payson & Co. acquired a new stake in shares of StoneX Group during the 1st quarter worth about $97,000. KBC Group NV lifted its stake in StoneX Group by 50.0% during the first quarter. KBC Group NV now owns 1,963 shares of the company's stock worth $150,000 after purchasing an additional 654 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in StoneX Group by 145.2% in the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after purchasing an additional 1,015 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other StoneX Group news, insider Abigail H. Perkins sold 16,098 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the sale, the insider owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. This trade represents a 34.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Philip Andrew Smith sold 40,553 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $80.30, for a total value of $3,256,405.90. Following the completion of the transaction, the chief executive officer directly owned 342,711 shares of the company's stock, valued at $27,519,693.30. The trade was a 10.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,262 shares of company stock worth $14,146,806. Insiders own 11.70% of the company's stock.

StoneX Group Stock Performance

NASDAQ:SNEX traded down $4.91 during mid-day trading on Friday, reaching $91.44. 427,898 shares of the stock were exchanged, compared to its average volume of 309,115. The stock has a market capitalization of $4.47 billion, a P/E ratio of 15.49 and a beta of 0.54. StoneX Group Inc. has a 1 year low of $47.69 and a 1 year high of $99.08. The company has a 50 day simple moving average of $88.25 and a 200-day simple moving average of $80.29. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

StoneX Group Company 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.