StoneX Group Inc. (NASDAQ:SNEX) is Riverwater Partners LLC's 8th Largest Position

Riverwater Partners LLC lifted its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 50.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,249 shares of the company's stock after purchasing an additional 14,418 shares during the quarter. StoneX Group accounts for about 1.7% of Riverwater Partners LLC's holdings, making the stock its 8th largest holding. Riverwater Partners LLC owned approximately 0.09% of StoneX Group worth $3,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNEX. Tidal Investments LLC purchased a new position in shares of StoneX Group in the 4th quarter worth about $16,557,000. JPMorgan Chase & Co. boosted its holdings in StoneX Group by 104.3% during the 4th quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company's stock valued at $32,260,000 after acquiring an additional 168,098 shares during the period. American Century Companies Inc. boosted its holdings in StoneX Group by 17.7% during the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock valued at $99,364,000 after acquiring an additional 152,847 shares during the period. Norges Bank purchased a new stake in StoneX Group during the 4th quarter valued at about $10,551,000. Finally, Raymond James Financial Inc. purchased a new stake in StoneX Group during the 4th quarter valued at about $10,276,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other StoneX Group news, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction on Monday, June 16th. The stock was sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the transaction, the insider now owns 43,913 shares in the company, valued at approximately $3,786,178.86. The trade was a 19.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip Andrew Smith sold 7,457 shares of StoneX Group stock in a transaction on Monday, May 5th. The shares were sold at an average price of $93.26, for a total value of $695,439.82. Following the transaction, the chief executive officer now owns 335,254 shares of the company's stock, valued at $31,265,788.04. The trade was a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,262 shares of company stock worth $14,772,846 in the last quarter. 11.70% of the stock is owned by company insiders.

StoneX Group Trading Up 2.1%

SNEX stock traded up $1.81 during trading on Monday, hitting $86.48. 297,629 shares of the company traded hands, compared to its average volume of 295,429. The firm has a market capitalization of $4.23 billion, a PE ratio of 14.65 and a beta of 0.53. StoneX Group Inc. has a 1 year low of $47.69 and a 1 year high of $97.17. The company has a 50-day moving average of $86.05 and a 200-day moving average of $77.74. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. Analysts predict 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.