PNC Financial Services Group Inc. Has $833,000 Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• PNC Financial Services Group Inc. increased its stake in StoneX Group Inc. by 48.9% in Q1, owning 10,910 shares worth $833,000 after purchasing an additional 3,582 shares.
• StoneX reported a Q1 EPS of $1.22, missing analysts' expectations of $1.39, but achieved a revenue of $1.02 billion, surpassing the forecast of $923.10 million.
• Insider activity included the sale of 76,430 shares by company executives, valued at approximately $6.58 million, indicating a 11.70% ownership by insiders.

PNC Financial Services Group Inc. boosted its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 48.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,910 shares of the company's stock after buying an additional 3,582 shares during the quarter. PNC Financial Services Group Inc.'s holdings in StoneX Group were worth $833,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC lifted its position in shares of StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after acquiring an additional 357 shares in the last quarter. IFP Advisors Inc lifted its position in shares of StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock valued at $57,000 after acquiring an additional 741 shares in the last quarter. CWM LLC boosted its holdings in shares of StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after purchasing an additional 355 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of StoneX Group by 4,057.1% during the first quarter. Larson Financial Group LLC now owns 1,164 shares of the company's stock worth $89,000 after purchasing an additional 1,136 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Stock Down 0.8%

Shares of SNEX stock traded down $0.74 during trading on Wednesday, hitting $91.72. 560,395 shares of the company were exchanged, compared to its average volume of 602,449. 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 firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 15.63 and a beta of 0.57. The business's 50-day simple moving average is $90.96 and its 200 day simple moving average is $84.15. StoneX Group Inc. has a twelve month low of $50.31 and a twelve month high of $100.40.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.17). The company 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%. As a group, analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the sale, the insider directly owned 43,913 shares in the company, valued at $3,786,178.86. The trade was a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Philip Andrew Smith sold 7,500 shares of StoneX Group stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the sale, the chief executive officer owned 327,754 shares of the company's stock, valued at $27,426,454.72. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,430 shares of company stock valued at $5,087,912 in the last 90 days. Corporate insiders own 11.70% of the company's stock.

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.