State of Alaska Department of Revenue Buys 7,941 Shares of StoneX Group Inc. (NASDAQ:SNEX)

State of Alaska Department of Revenue raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 49.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,992 shares of the company's stock after acquiring an additional 7,941 shares during the quarter. State of Alaska Department of Revenue's holdings in StoneX Group were worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of StoneX Group by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 156,520 shares of the company's stock valued at $15,334,000 after acquiring an additional 7,078 shares during the period. D.A. Davidson & CO. purchased a new position in StoneX Group during the fourth quarter valued at approximately $349,000. Handelsbanken Fonder AB bought a new position in shares of StoneX Group in the fourth quarter worth approximately $202,000. Los Angeles Capital Management LLC purchased a new stake in shares of StoneX Group in the fourth quarter worth $822,000. Finally, Illinois Municipal Retirement Fund raised its position in shares of StoneX Group by 0.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock valued at $1,492,000 after purchasing an additional 132 shares during the period. Institutional investors own 75.93% of the company's stock.

StoneX Group Price Performance

Shares of NASDAQ SNEX traded up $0.50 during mid-day trading on Friday, reaching $91.38. The company's stock had a trading volume of 1,728,989 shares, compared to its average volume of 302,162. The stock has a fifty day moving average of $86.62 and a two-hundred day moving average of $78.04. The firm has a market capitalization of $4.47 billion, a PE ratio of 15.48 and a beta of 0.53. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $97.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping 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 business had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. As a group, sell-side analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Chairman Sean Michael Oconnor sold 34,083 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total value of $3,054,859.29. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Philip Andrew Smith sold 9,000 shares of the business's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $69.56, for a total transaction of $626,040.00. Following the completion of the sale, the chief executive officer now owns 342,711 shares in the company, valued at $23,838,977.16. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 174,262 shares of company stock worth $14,772,846. 11.70% of the stock is owned by insiders.

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.