StoneX Group Inc. (NASDAQ:SNEX) Shares Bought by 12th Street Asset Management Company LLC

Key Points

• 12th Street Asset Management Company LLC increased its stake in StoneX Group Inc. by 11.7% in Q1 2023, owning 131,146 shares valued at approximately $10 million, making it the fund's 18th largest holding.
• Multiple institutional investors, including Ridgewood Investments and GAMMA Investing, have significantly increased their holdings in StoneX Group, reflecting strong interest in the company's stock.
• StoneX Group recently reported $1.41 EPS, surpassing analyst expectations, with revenue of $956 million for the quarter, demonstrating solid financial performance.

12th Street Asset Management Company LLC raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 11.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,146 shares of the company's stock after purchasing an additional 13,787 shares during the quarter. StoneX Group accounts for about 1.7% of 12th Street Asset Management Company LLC's portfolio, making the stock its 18th largest position. 12th Street Asset Management Company LLC owned about 0.27% of StoneX Group worth $10,017,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. boosted its position in StoneX Group by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock valued at $284,000 after buying an additional 119 shares during the period. Ridgewood Investments LLC lifted its position in StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after acquiring an additional 150 shares during the last quarter. Focus Partners Wealth increased its position in StoneX Group by 2.1% during the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock valued at $794,000 after buying an additional 164 shares in the last quarter. Hohimer Wealth Management LLC boosted its stake in StoneX Group by 4.5% in the 1st quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company's stock worth $543,000 after purchasing an additional 306 shares in the last quarter. Finally, CWM LLC grew its stake in StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after purchasing an additional 355 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

StoneX Group Stock Performance

Shares of SNEX stock traded down $0.28 during trading hours on Friday, hitting $96.96. The company's stock had a trading volume of 947,616 shares, compared to its average volume of 358,060. The company has a 50 day moving average of $90.06 and a 200 day moving average of $83.06. The stock has a market cap of $4.74 billion, a PE ratio of 16.42 and a beta of 0.57. StoneX Group Inc. has a 12-month low of $47.69 and a 12-month high of $99.08. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. The business had revenue of $956.00 million for 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%. On average, sell-side analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Transactions at StoneX Group

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total transaction of $98,718.75. Following the sale, the director owned 116,735 shares of the company's stock, valued at $10,243,496.25. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Charles M. Lyon sold 17,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the president owned 122,080 shares of the company's stock, valued at $10,733,273.60. This trade represents a 12.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,762 shares of company stock worth $7,169,992 in the last three months. 11.70% of the stock is owned by corporate insiders.

StoneX Group 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.