Janney Montgomery Scott LLC increased its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 45.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,021 shares of the company's stock after purchasing an additional 9,398 shares during the period. Janney Montgomery Scott LLC owned 0.06% of StoneX Group worth $2,293,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNEX. Principal Financial Group Inc. grew its position in StoneX Group by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 156,520 shares of the company's stock worth $15,334,000 after buying an additional 7,078 shares during the last quarter. D.A. Davidson & CO. acquired a new position in StoneX Group in the fourth quarter worth approximately $349,000. Handelsbanken Fonder AB acquired a new position in StoneX Group in the fourth quarter worth approximately $202,000. Los Angeles Capital Management LLC acquired a new position in StoneX Group in the fourth quarter worth approximately $822,000. Finally, Illinois Municipal Retirement Fund grew its position in StoneX Group by 0.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock worth $1,492,000 after buying an additional 132 shares during the last quarter. Institutional investors own 75.93% of the company's stock.
Analysts Set New Price Targets
Separately, William Blair initiated coverage on shares of StoneX Group in a research report on Wednesday, March 26th. They issued an "outperform" rating on the stock.
Check Out Our Latest Report on StoneX Group
StoneX Group Trading Down 0.3%
NASDAQ SNEX opened at $87.90 on Thursday. The firm's 50 day moving average price is $86.40 and its two-hundred day moving average price is $77.89. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 14.89 and a beta of 0.53. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $97.17. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. Equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.
Insiders Place Their Bets
In other StoneX Group news, CEO Philip Andrew Smith sold 7,457 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $93.26, for a total transaction of $695,439.82. Following the completion of the transaction, the chief executive officer now owns 335,254 shares of the company's stock, valued at $31,265,788.04. The trade was a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Charles M. Lyon sold 17,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the transaction, the president now directly owns 122,080 shares of the company's stock, valued at $10,733,273.60. This represents a 12.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 174,262 shares of company stock valued at $14,772,846 in the last quarter. Insiders own 11.70% of the company's stock.
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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