SG Americas Securities LLC bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 63,799 shares of the company's stock, valued at approximately $4,873,000. SG Americas Securities LLC owned approximately 0.13% of StoneX Group at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNEX. Kestra Investment Management LLC bought a new position in StoneX Group during the 4th quarter worth about $31,000. GAMMA Investing LLC boosted its holdings in shares of StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after buying an additional 357 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after buying an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of StoneX Group in the 4th quarter valued at about $75,000. Finally, Bessemer Group Inc. boosted its holdings in shares of StoneX Group by 145.2% in the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after buying an additional 1,015 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, William Blair assumed coverage on shares of StoneX Group in a report on Wednesday, March 26th. They issued an "outperform" rating on the stock.
Read Our Latest Stock Report on SNEX
StoneX Group Stock Down 1.1%
Shares of NASDAQ:SNEX traded down $0.91 during trading on Friday, reaching $84.24. The stock had a trading volume of 341,461 shares, compared to its average volume of 293,804. StoneX Group Inc. has a one year low of $46.71 and a one year high of $97.17. The company has a market capitalization of $4.12 billion, a P/E ratio of 10.06 and a beta of 0.53. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The firm's 50-day simple moving average is $84.81 and its 200 day simple moving average is $77.01.
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 the consensus estimate of $1.32 by $0.09. The firm had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. As a group, research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.
Insider Activity at StoneX Group
In other StoneX Group news, CEO Philip Andrew Smith sold 4,447 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $80.07, for a total transaction of $356,071.29. Following the completion of the transaction, the chief executive officer now directly owns 342,711 shares of the company's stock, valued at approximately $27,440,869.77. This trade represents a 1.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Sean Michael Oconnor sold 34,083 shares of StoneX Group stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total transaction of $3,054,859.29. Following the transaction, the chairman now directly owns 1,023,084 shares of the company's stock, valued at approximately $91,699,018.92. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,582 shares of company stock valued at $11,649,213 in the last three months. 11.70% of the stock is owned by insiders.
About StoneX Group
(
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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