StoneX Group Inc. (NASDAQ:SNEX) Shares Bought by Royce & Associates LP

Key Points

• Royce & Associates LP increased its holdings in StoneX Group Inc. by 38.4% in Q1, owning approximately 0.43% of the company valued at $15.6 million.
• StoneX Group reported earnings of $1.41 per share, beating estimates and achieving a revenue of $956 million for the quarter.
• Insiders have sold a total of 120,262 shares of StoneX Group stock, valued at over $10.5 million, with 11.70% of the stock owned by corporate insiders.

Royce & Associates LP raised its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 38.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 204,877 shares of the company's stock after purchasing an additional 56,849 shares during the period. Royce & Associates LP owned about 0.43% of StoneX Group worth $15,649,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SNEX. Teacher Retirement System of Texas raised its position in shares of StoneX Group by 132.6% in the 4th quarter. Teacher Retirement System of Texas now owns 13,194 shares of the company's stock valued at $1,293,000 after purchasing an additional 7,521 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of StoneX Group in the 4th quarter valued at approximately $380,000. Sei Investments Co. raised its position in shares of StoneX Group by 60.7% in the 4th quarter. Sei Investments Co. now owns 48,075 shares of the company's stock valued at $4,710,000 after purchasing an additional 18,155 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of StoneX Group in the 4th quarter valued at approximately $578,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of StoneX Group by 104.3% in 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 last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Stock Performance

Shares of NASDAQ SNEX traded down $0.38 during trading on Monday, reaching $94.15. The stock had a trading volume of 60,733 shares, compared to its average volume of 380,901. StoneX Group Inc. has a one year low of $47.69 and a one year high of $99.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. The stock has a market cap of $4.61 billion, a PE ratio of 15.95 and a beta of 0.54. The firm's 50 day moving average price is $89.09 and its two-hundred day moving average price is $82.25.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The business had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. On average, research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman John Radziwill acquired 1,400 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the purchase, the chairman directly owned 100,240 shares in the company, valued at $8,520,400. This represents a 1.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Abigail H. Perkins sold 16,098 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $85.04, for a total value of $1,368,973.92. Following the transaction, the insider owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. The trade was a 34.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,262 shares of company stock worth $10,534,329 over the last 90 days. 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.