Rhumbline Advisers Increases Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Rhumbline Advisers increased its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 45.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,081 shares of the company's stock after purchasing an additional 40,603 shares during the period. Rhumbline Advisers owned approximately 0.27% of StoneX Group worth $9,860,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNEX. Kestra Investment Management LLC bought a new position in StoneX Group in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC boosted its position in shares of StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after acquiring an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in StoneX Group in the fourth quarter valued at approximately $75,000. Bessemer Group Inc. raised its position in StoneX Group by 145.2% during the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in StoneX Group during the fourth quarter worth $202,000. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Trading Down 0.2%

Shares of NASDAQ:SNEX traded down $0.18 during midday trading on Thursday, hitting $84.88. 91,386 shares of the stock were exchanged, compared to its average volume of 291,858. The business's 50-day moving average price is $84.22 and its 200 day moving average price is $76.75. StoneX Group Inc. has a 12 month low of $46.43 and a 12 month high of $97.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 10.14 and a beta of 0.53.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. The firm had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. Analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, President Charles M. Lyon sold 13,000 shares of StoneX Group stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $86.92, for a total value of $1,129,960.00. Following the completion of the sale, the president now owns 122,080 shares of the company's stock, valued at approximately $10,611,193.60. This trade represents a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Philip Andrew Smith sold 9,000 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $69.56, for a total transaction of $626,040.00. Following the transaction, the chief executive officer now owns 342,711 shares in the company, valued at approximately $23,838,977.16. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,582 shares of company stock valued at $11,649,213. 11.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.