StoneX Group Inc. (NASDAQ:SNEX) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 47.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,633 shares of the company's stock after purchasing an additional 92,293 shares during the period. Bank of New York Mellon Corp owned about 0.60% of StoneX Group worth $21,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SNEX. Raymond James Financial Inc. purchased a new stake in StoneX Group during the fourth quarter worth about $10,276,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of StoneX Group by 15.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,090 shares of the company's stock worth $793,000 after buying an additional 1,073 shares during the period. Swiss National Bank grew its holdings in StoneX Group by 0.7% during the 4th quarter. Swiss National Bank now owns 56,250 shares of the company's stock worth $5,511,000 after acquiring an additional 400 shares in the last quarter. Natixis Advisors LLC increased its position in shares of StoneX Group by 14.4% in the 4th quarter. Natixis Advisors LLC now owns 16,279 shares of the company's stock valued at $1,595,000 after purchasing an additional 2,055 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of StoneX Group in the 4th quarter valued at $254,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Stock Performance

Shares of SNEX stock traded up $1.03 during mid-day trading on Monday, hitting $94.68. 430,593 shares of the stock were exchanged, compared to its average volume of 310,988. The stock's fifty day simple moving average is $88.37 and its two-hundred day simple moving average is $81.31. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 16.04 and a beta of 0.54. StoneX Group Inc. has a 12-month low of $47.69 and a 12-month high of $99.08. 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 posted its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating 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. On average, analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Transactions at StoneX Group

In other news, Chairman John Radziwill purchased 1,400 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the transaction, the chairman directly owned 100,240 shares in the company, valued at $8,520,400. This represents a 1.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total value of $627,600.00. Following the sale, the chief executive officer directly owned 327,754 shares in the company, valued at approximately $27,426,454.72. The trade was a 2.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,262 shares of company stock valued at $10,534,329 in the last three months. Insiders own 11.70% of the company's stock.

Analyst Ratings Changes

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

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.