Ashford Capital Management Inc. Has $28.74 Million Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Ashford Capital Management Inc. boosted its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,350 shares of the company's stock after buying an additional 13,120 shares during the quarter. StoneX Group makes up approximately 3.4% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 6th largest position. Ashford Capital Management Inc. owned 0.91% of StoneX Group worth $28,740,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Kestra Investment Management LLC bought a new position in shares of StoneX Group during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC increased its holdings in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after purchasing an additional 469 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in StoneX Group in the fourth quarter valued at $75,000. KBC Group NV raised its position in StoneX Group by 39.0% during the 4th quarter. KBC Group NV now owns 1,309 shares of the company's stock worth $128,000 after purchasing an additional 367 shares during the last quarter. Finally, 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 period. Institutional investors own 75.93% of the company's stock.

Insider Activity at StoneX Group

In other news, Chairman Sean Michael Oconnor sold 34,083 shares of StoneX Group stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total value of $3,054,859.29. Following the completion of the sale, the chairman now owns 1,023,084 shares in the company, valued at $91,699,018.92. The trade was a 3.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Philip Andrew Smith sold 7,457 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $93.26, for a total transaction of $695,439.82. Following the transaction, the chief executive officer now owns 335,254 shares in the company, valued at $31,265,788.04. The trade was a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 130,082 shares of company stock worth $11,021,613 over the last quarter. Company insiders own 11.70% of the company's stock.

Analyst Ratings Changes

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

StoneX Group Trading Up 0.7%

SNEX stock traded up $0.57 during trading on Friday, hitting $85.53. The company had a trading volume of 241,428 shares, compared to its average volume of 288,919. The stock has a market cap of $4.18 billion, a PE ratio of 10.22 and a beta of 0.63. The business has a 50-day moving average of $82.26 and a 200-day moving average of $75.07. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. StoneX Group Inc. has a one year low of $46.43 and a one year high of $97.17.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. The firm had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. Research analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal 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.