Louisiana State Employees Retirement System Acquires 6,400 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Louisiana State Employees Retirement System increased its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 46.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 20,100 shares of the company's stock after buying an additional 6,400 shares during the period. Louisiana State Employees Retirement System's holdings in StoneX Group were worth $1,535,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after buying an additional 357 shares in the last quarter. Allworth Financial LP raised its position in shares of StoneX Group by 52.6% in the 1st quarter. Allworth Financial LP now owns 1,244 shares of the company's stock valued at $95,000 after buying an additional 429 shares in the last quarter. HM Payson & Co. acquired a new position in shares of StoneX Group in the 1st quarter valued at approximately $97,000. KBC Group NV raised its position in shares of StoneX Group by 50.0% in the 1st quarter. KBC Group NV now owns 1,963 shares of the company's stock valued at $150,000 after buying an additional 654 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of StoneX Group by 145.2% in the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after buying an additional 1,015 shares in the last quarter. Institutional investors own 75.93% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Transactions at StoneX Group

In other news, President Charles M. Lyon sold 17,000 shares of the firm'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 transaction, the president owned 122,080 shares in the company, valued at approximately $10,733,273.60. This trade represents a 12.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Philip Andrew Smith sold 7,500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,262 shares of company stock valued at $10,534,329. 11.70% of the stock is currently owned by insiders.

StoneX Group Stock Performance

NASDAQ:SNEX traded up $1.80 on Friday, reaching $93.65. 314,822 shares of the company's stock were exchanged, compared to its average volume of 310,508. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 15.86 and a beta of 0.54. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $99.08. The stock has a fifty day simple moving average of $88.37 and a 200-day simple moving average of $81.21.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. As a group, sell-side analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

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.