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

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares during the period. Bessemer Group Inc. lifted its holdings in StoneX Group by 145.2% during the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock worth $168,000 after buying an additional 1,015 shares during the last quarter. KBC Group NV lifted its holdings in StoneX Group by 50.0% during the 1st quarter. KBC Group NV now owns 1,963 shares of the company's stock worth $150,000 after buying an additional 654 shares during the last quarter. Argent Trust Co purchased a new stake in StoneX Group during the 4th quarter worth about $220,000. Finally, Cibc World Markets Corp acquired a new stake in shares of StoneX Group during the fourth quarter worth about $254,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Insider Transactions at StoneX Group

In other StoneX Group news, Chairman John Radziwill bought 1,400 shares of the business's stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $85.00 per share, with a total value of $119,000.00. Following the completion of the acquisition, the chairman directly owned 100,240 shares of the company's stock, valued at approximately $8,520,400. The trade was a 1.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Abigail H. Perkins sold 10,470 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the transaction, the insider directly owned 43,913 shares in the company, valued at $3,786,178.86. This represents a 19.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,262 shares of company stock worth $10,534,329 in the last quarter. 11.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

StoneX Group Price Performance

NASDAQ:SNEX traded up $1.80 during trading hours on Friday, reaching $93.65. 314,822 shares of the company traded hands, compared to its average volume of 309,800. The firm's 50-day moving average is $88.37 and its 200-day moving average is $81.10. The stock has a market cap of $4.58 billion, a P/E ratio of 15.86 and a beta of 0.54. 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 Inc. has a 1-year low of $47.69 and a 1-year high of $99.08.

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. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The company had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Equities research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

About StoneX Group

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.