Sequoia Financial Advisors LLC Takes $251,000 Position in StoneX Group Inc. (NASDAQ:SNEX)

Sequoia Financial Advisors LLC bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,285 shares of the company's stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also modified their holdings of SNEX. Smartleaf Asset Management LLC lifted 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 buying an additional 469 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of StoneX Group during the 4th quarter worth approximately $75,000. Charles Schwab Investment Management Inc. lifted its position in shares of StoneX Group by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 282,909 shares of the company's stock worth $27,717,000 after buying an additional 12,855 shares during the period. Atria Investments Inc lifted its position in shares of StoneX Group by 11.1% during the 4th quarter. Atria Investments Inc now owns 9,016 shares of the company's stock worth $883,000 after buying an additional 904 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of StoneX Group during the 4th quarter worth approximately $10,276,000. Institutional investors own 75.93% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other StoneX Group news, President Charles M. Lyon sold 17,000 shares of StoneX Group stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total value of $1,494,640.00. Following the completion of the transaction, the president owned 122,080 shares in the company, valued at approximately $10,733,273.60. The trade was a 12.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Abigail H. Perkins sold 16,098 shares of StoneX Group stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,262 shares of company stock worth $14,146,806. 11.70% of the stock is owned by company insiders.

StoneX Group Price Performance

SNEX traded up $1.07 during trading on Friday, hitting $93.78. The company's stock had a trading volume of 111,912 shares, compared to its average volume of 303,020. The firm's 50 day moving average price is $87.73 and its two-hundred day moving average price is $79.23. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. StoneX Group Inc. has a 12 month low of $47.69 and a 12 month high of $97.17. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 15.80 and a beta of 0.54.

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 (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. Sell-side analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

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.