Perpetual Ltd Makes New Investment in StoneX Group Inc. (NASDAQ:SNEX)

Perpetual Ltd purchased a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 846,804 shares of the company's stock, valued at approximately $64,679,000. Perpetual Ltd owned approximately 1.76% of StoneX Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SNEX. Smartleaf Asset Management LLC increased its holdings in StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after buying an additional 469 shares in the last quarter. GAMMA Investing LLC increased its holdings in StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in StoneX Group in the 4th quarter worth about $75,000. Bessemer Group Inc. increased its holdings in StoneX Group by 145.2% in the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock worth $168,000 after buying an additional 1,015 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in StoneX Group in the 4th quarter worth about $202,000. 75.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, William Blair began coverage on StoneX Group in a report on Wednesday, March 26th. They issued an "outperform" rating for the company.

StoneX Group Stock Performance

NASDAQ SNEX traded down $0.24 during trading hours on Monday, hitting $91.14. The company's stock had a trading volume of 424,799 shares, compared to its average volume of 301,675. StoneX Group Inc. has a 12 month low of $47.69 and a 12 month high of $97.17. The company's 50 day simple moving average is $87.09 and its two-hundred day simple moving average is $78.52. The company has a market cap of $4.46 billion, a P/E ratio of 15.44 and a beta of 0.53. 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 announced its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. As a group, sell-side analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Transactions at StoneX Group

In other StoneX Group news, President Charles M. Lyon sold 17,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total value of $1,494,640.00. Following the transaction, the president directly owned 122,080 shares of the company's stock, valued at approximately $10,733,273.60. This trade represents a 12.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Sean Michael Oconnor sold 34,083 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $89.63, for a total value of $3,054,859.29. Following the completion of the transaction, the chairman directly owned 1,023,084 shares in the company, valued at $91,699,018.92. The trade was a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 174,262 shares of company stock valued at $14,772,846. Company insiders own 11.70% of the company's stock.

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.