Janney Montgomery Scott LLC Purchases 9,398 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Janney Montgomery Scott LLC lifted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 45.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,021 shares of the company's stock after purchasing an additional 9,398 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of StoneX Group worth $2,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SNEX. Summit Investment Advisors Inc. raised its position in StoneX Group by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after acquiring an additional 119 shares in the last quarter. Illinois Municipal Retirement Fund raised 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 acquiring an additional 132 shares in the last quarter. Focus Partners Wealth raised its position in StoneX Group by 2.1% in the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after acquiring an additional 164 shares in the last quarter. MRP Capital Investments LLC increased its stake in StoneX Group by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock worth $1,704,000 after purchasing an additional 175 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Trading Up 0.6%

SNEX traded up $0.50 during trading on Friday, reaching $91.38. The company had a trading volume of 1,728,989 shares, compared to its average volume of 301,180. The firm's 50-day simple moving average is $86.84 and its 200 day simple moving average is $78.34. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 15.48 and a beta of 0.53. StoneX Group Inc. has a 12-month low of $47.69 and a 12-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 quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. Equities research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling

In other StoneX Group news, CEO Philip Andrew Smith sold 9,000 shares of StoneX Group stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $69.56, for a total transaction of $626,040.00. Following the transaction, the chief executive officer now owns 342,711 shares of the company's stock, valued at $23,838,977.16. The trade was a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Charles M. Lyon sold 17,000 shares of StoneX Group stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total value of $1,494,640.00. Following the transaction, the president now directly owns 122,080 shares in the company, valued at approximately $10,733,273.60. This trade represents a 12.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 174,262 shares of company stock valued at $14,772,846. 11.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, William Blair assumed coverage on StoneX Group in a research note on Wednesday, March 26th. They issued an "outperform" rating on the stock.

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.