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

StoneX Group logo with Finance background

Sequoia Financial Advisors LLC bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,285 shares of the company's stock, valued at approximately $251,000.

A number of other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its position in StoneX Group by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after buying an additional 119 shares in the last quarter. Focus Partners Wealth increased its position in StoneX Group by 2.1% during the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after buying an additional 164 shares in the last quarter. MRP Capital Investments LLC increased its position in StoneX Group by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock worth $1,704,000 after buying an additional 175 shares in the last quarter. GAMMA Investing LLC increased its position in StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares in the last quarter. Finally, State of Wyoming increased its position in StoneX Group by 8.9% during the fourth quarter. State of Wyoming now owns 4,589 shares of the company's stock worth $450,000 after buying an additional 375 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other StoneX Group news, President Charles M. Lyon sold 13,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the completion of the sale, the president owned 122,080 shares of the company's stock, valued at approximately $10,611,193.60. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John Radziwill purchased 1,400 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $85.00 per share, with a total value of $119,000.00. Following the transaction, the chairman owned 100,240 shares of the company's stock, valued at $8,520,400. This trade represents a 1.42% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 165,262 shares of company stock valued at $14,146,806. 11.70% of the stock is currently owned by company insiders.

StoneX Group Price Performance

StoneX Group stock traded up $1.07 during mid-day trading on Friday, hitting $93.78. 111,912 shares of the company were exchanged, compared to its average volume of 302,400. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. The business's 50 day simple moving average is $87.73 and its two-hundred day simple moving average is $79.10. The company has a market capitalization of $4.59 billion, a P/E ratio of 15.89 and a beta of 0.54. StoneX Group Inc. has a 12-month low of $47.69 and a 12-month high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million during the quarter, compared to the consensus estimate 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 fiscal year.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on StoneX Group

StoneX Group Profile

(Free Report)

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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Institutional Ownership by Quarter for StoneX Group (NASDAQ:SNEX)

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