StoneX Group Inc. (NASDAQ:SNEX) Stake Raised by Phocas Financial Corp.

Key Points

• Phocas Financial Corp. significantly increased its stake in StoneX Group Inc. by 204.7%, acquiring an additional 89,754 shares, bringing its total ownership to approximately 133,596 shares.
• StoneX Group reported quarterly earnings of $1.41 per share, exceeding analysts' expectations of $1.32, with revenues reaching $956 million compared to forecasts of $907.3 million.
• Insider trading activities revealed that both CEO Philip Andrew Smith and Director John Moore Fowler sold shares recently, with the CEO selling 7,500 shares valued at approximately $627,600.

Phocas Financial Corp. lifted its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 204.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,596 shares of the company's stock after purchasing an additional 89,754 shares during the quarter. StoneX Group comprises 1.6% of Phocas Financial Corp.'s holdings, making the stock its 12th largest position. Phocas Financial Corp. owned approximately 0.28% of StoneX Group worth $10,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Perpetual Ltd acquired a new position in StoneX Group during the first quarter worth $64,679,000. Van Berkom & Associates Inc. increased its stake in StoneX Group by 16.0% during the first quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock worth $107,593,000 after acquiring an additional 193,921 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of StoneX Group in the 4th quarter worth approximately $16,557,000. JPMorgan Chase & Co. increased its stake in StoneX Group by 104.3% during the fourth quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company's stock worth $32,260,000 after purchasing an additional 168,098 shares during the period. Finally, Woodmont Investment Counsel LLC increased its position in shares of StoneX Group by 108.2% during the first quarter. Woodmont Investment Counsel LLC now owns 266,768 shares of the company's stock worth $20,376,000 after acquiring an additional 138,627 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

Insiders Place Their Bets

In other StoneX Group news, CEO Philip Andrew Smith sold 7,500 shares of StoneX Group stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total value of $627,600.00. Following the transaction, the chief executive officer owned 327,754 shares in the company, valued at $27,426,454.72. This trade represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Abigail H. Perkins sold 16,098 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 31,076 shares in the company, valued at $2,642,703.04. This trade represents a 34.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,430 shares of company stock valued at $6,582,552. 11.70% of the stock is currently owned by insiders.

StoneX Group Stock Up 3.1%

StoneX Group stock traded up $2.57 during mid-day trading on Thursday, hitting $84.51. The company had a trading volume of 291,321 shares, compared to its average volume of 403,312. The business has a fifty day moving average of $90.41 and a 200 day moving average of $83.53. StoneX Group Inc. has a 1 year low of $50.31 and a 1 year high of $100.40. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 14.42 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.63%. On average, sell-side analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

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.