Public Sector Pension Investment Board Purchases 191,065 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• The Public Sector Pension Investment Board increased its stake in StoneX Group Inc. by 270.1% in Q1, owning 261,816 shares worth approximately $20 million after acquiring an additional 191,065 shares.
• Other institutional investors, including Vanguard Group and Invesco Ltd., also raised their positions in StoneX Group, highlighting a growing interest as 75.93% of the stock is now owned by institutional investors.
• StoneX Group reported a Q1 EPS of $1.22, missing analyst estimates of $1.39, while revenue significantly exceeded expectations at $1.02 billion.

Public Sector Pension Investment Board boosted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 270.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 261,816 shares of the company's stock after buying an additional 191,065 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.54% of StoneX Group worth $19,998,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Motley Fool Asset Management LLC grew its position in StoneX Group by 118.2% during the first quarter. Motley Fool Asset Management LLC now owns 296,941 shares of the company's stock valued at $22,680,000 after buying an additional 160,836 shares during the period. Motley Fool Wealth Management LLC grew its holdings in StoneX Group by 37.6% during the first quarter. Motley Fool Wealth Management LLC now owns 227,533 shares of the company's stock valued at $17,379,000 after purchasing an additional 62,196 shares during the period. Nuveen LLC bought a new stake in StoneX Group during the first quarter valued at about $15,855,000. Invesco Ltd. grew its holdings in StoneX Group by 53.3% during the first quarter. Invesco Ltd. now owns 569,519 shares of the company's stock valued at $43,500,000 after purchasing an additional 197,927 shares during the period. Finally, Simplex Trading LLC bought a new stake in StoneX Group during the first quarter valued at about $47,000. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Stock Performance

NASDAQ:SNEX traded down $0.68 during mid-day trading on Thursday, hitting $91.04. 500,535 shares of the company traded hands, compared to its average volume of 418,149. The stock's fifty day moving average price is $90.96 and its 200-day moving average price is $84.15. StoneX Group Inc. has a one year low of $50.31 and a one year high of $100.40. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 15.51 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. Research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Philip Andrew Smith sold 7,500 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the completion of the transaction, the chief executive officer owned 327,754 shares of the company's stock, valued at $27,426,454.72. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the transaction, the director directly owned 115,749 shares of the company's stock, valued at approximately $11,111,904. This trade represents a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,305 shares of company stock worth $3,859,233. 11.70% of the stock is currently owned by insiders.

About StoneX Group

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.