Louisiana State Employees Retirement System Grows Holdings in StoneX Group Inc. (NASDAQ:SNEX)

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

Other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its stake in StoneX Group by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock valued at $284,000 after acquiring an additional 119 shares in the last quarter. Focus Partners Wealth boosted its stake in StoneX Group by 2.1% in the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock valued at $794,000 after acquiring an additional 164 shares in the last quarter. MRP Capital Investments LLC boosted its stake in StoneX Group by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock valued at $1,704,000 after acquiring an additional 175 shares in the last quarter. GAMMA Investing LLC boosted its stake in StoneX Group by 92.7% in the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after acquiring an additional 357 shares in the last quarter. Finally, State of Wyoming boosted its stake in StoneX Group by 8.9% in the fourth quarter. State of Wyoming now owns 4,589 shares of the company's stock valued at $450,000 after acquiring an additional 375 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Performance

Shares of NASDAQ:SNEX traded up $0.25 on Thursday, hitting $91.85. 248,706 shares of the company were exchanged, compared to its average volume of 309,296. StoneX Group Inc. has a 1-year low of $47.69 and a 1-year high of $99.08. The stock's 50 day moving average price is $88.19 and its 200 day moving average price is $80.73. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $4.49 billion, a P/E ratio of 15.43 and a beta of 0.54.

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

Insider Buying and Selling at StoneX Group

In other news, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction on Monday, June 16th. The shares were sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the sale, the insider directly owned 43,913 shares in the company, valued at approximately $3,786,178.86. The trade was a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Charles M. Lyon sold 13,000 shares of StoneX Group stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the sale, the president owned 122,080 shares of the company's stock, valued at $10,611,193.60. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,262 shares of company stock valued at $10,534,329. Company insiders own 11.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, William Blair began coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They issued an "outperform" rating for the company.

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.