Riverwater Partners LLC Raises Position in StoneX Group Inc. (NASDAQ:SNEX)

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

Several other hedge funds have also modified their holdings of SNEX. Summit Investment Advisors Inc. increased its position in StoneX Group by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after purchasing an additional 119 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of StoneX Group by 0.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock worth $1,492,000 after buying an additional 132 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of StoneX Group by 2.1% in the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after buying an additional 164 shares during the last quarter. MRP Capital Investments LLC raised its position in shares of StoneX Group by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock valued at $1,704,000 after buying an additional 175 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of StoneX Group in the 4th quarter valued at about $31,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total value of $98,718.75. Following the completion of the sale, the director now directly owns 116,735 shares in the company, valued at $10,243,496.25. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Andrew Smith sold 40,553 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $80.30, for a total value of $3,256,405.90. Following the transaction, the chief executive officer now directly owns 342,711 shares in the company, valued at approximately $27,519,693.30. The trade was a 10.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,262 shares of company stock worth $14,772,846 in the last three months. 11.70% of the stock is owned by insiders.

StoneX Group Trading Up 0.9%

SNEX opened at $85.67 on Friday. 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's fifty day moving average is $85.72 and its two-hundred day moving average is $77.40. The company has a market capitalization of $4.19 billion, a P/E ratio of 14.51 and a beta of 0.53. StoneX Group Inc. has a 52 week low of $47.33 and a 52 week high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate 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 forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

StoneX Group Company 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.

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