Perpetual Ltd Invests $64.68 Million in StoneX Group Inc. (NASDAQ:SNEX)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNEX. American Century Companies Inc. grew its position in StoneX Group by 17.7% in the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after purchasing an additional 152,847 shares during the period. Geode Capital Management LLC boosted its stake in shares of StoneX Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock worth $66,372,000 after buying an additional 6,076 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of StoneX Group by 2.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock worth $51,050,000 after acquiring an additional 10,222 shares during the period. Price T Rowe Associates Inc. MD increased its position in StoneX Group by 4.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock valued at $49,814,000 after acquiring an additional 20,928 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in StoneX Group by 24.1% in the first quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company's stock valued at $30,163,000 after acquiring an additional 76,778 shares during the period. Institutional investors own 75.93% of the company's stock.

Wall Street Analysts Forecast Growth

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

StoneX Group Stock Performance

SNEX opened at $90.88 on Friday. The company's 50 day moving average is $86.62 and its 200 day moving average is $78.04. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 15.39 and a beta of 0.53. StoneX Group Inc. has a 12-month low of $47.69 and a 12-month high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The business had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. On average, equities research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Activity at StoneX Group

In other news, Chairman Sean Michael Oconnor sold 34,083 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $89.63, for a total transaction of $3,054,859.29. Following the completion of the transaction, the chairman now directly owns 1,023,084 shares in the company, valued at approximately $91,699,018.92. This represents a 3.22% decrease in their position. 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 7,457 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $93.26, for a total transaction of $695,439.82. Following the completion of the sale, the chief executive officer now owns 335,254 shares in the company, valued at approximately $31,265,788.04. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 174,262 shares of company stock worth $14,772,846. 11.70% of the stock is owned by corporate insiders.

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.

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