StoneX Group Inc. (NASDAQ:SNEX) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 39.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 126,349 shares of the company's stock after purchasing an additional 35,922 shares during the period. Voloridge Investment Management LLC owned approximately 0.39% of StoneX Group worth $12,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. grew its position in StoneX Group by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after acquiring an additional 119 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in StoneX Group by 0.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock worth $1,492,000 after acquiring an additional 132 shares during the last quarter. Focus Partners Wealth lifted its holdings in StoneX Group by 2.1% during the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after buying an additional 164 shares during the period. MRP Capital Investments LLC lifted its holdings in StoneX Group by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock worth $1,704,000 after buying an additional 175 shares during the period. Finally, Sawgrass Asset Management LLC lifted its holdings in StoneX Group by 9.7% during the 4th quarter. Sawgrass Asset Management LLC now owns 3,490 shares of the company's stock worth $342,000 after buying an additional 310 shares during the period. Institutional investors own 75.93% of the company's stock.

Insider Activity

In other StoneX Group news, CEO Philip Andrew Smith sold 4,447 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $80.07, for a total value of $356,071.29. Following the completion of the sale, the chief executive officer now directly owns 342,711 shares in the company, valued at $27,440,869.77. This trade represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Sean Michael Oconnor sold 3,417 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $90.57, for a total transaction of $309,477.69. Following the completion of the sale, the chairman now owns 1,019,667 shares of the company's stock, valued at $92,351,240.19. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,082 shares of company stock valued at $11,021,613. 11.70% of the stock is currently owned by insiders.

StoneX Group Stock Performance

Shares of SNEX stock traded down $1.87 during trading on Thursday, hitting $84.47. The company's stock had a trading volume of 109,813 shares, compared to its average volume of 288,454. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The business has a fifty day moving average of $82.71 and a 200-day moving average of $75.45. The company has a market cap of $4.13 billion, a PE ratio of 10.06 and a beta of 0.63.

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. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. The firm had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. As a group, research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.