Deutsche Bank AG Has $10.46 Million Position in StoneX Group Inc. $SNEX

Key Points

• Deutsche Bank AG increased its stake in StoneX Group Inc. by 184.7% during the first quarter, owning a total of 136,932 shares valued at approximately $10.5 million.
• A number of institutional investors, including Vanguard Group and Van Berkom & Associates, have also significantly increased their holdings in StoneX Group during the same period.
• StoneX Group's stock has recently seen a positive rating change to "strong-buy" from Zacks Research, indicating favorable growth expectations.

Deutsche Bank AG lifted its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 184.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 136,932 shares of the company's stock after acquiring an additional 88,831 shares during the period. Deutsche Bank AG owned 0.28% of StoneX Group worth $10,459,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SNEX. Vanguard Group Inc. raised its stake in shares of StoneX Group by 51.3% during the first quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock valued at $220,068,000 after purchasing an additional 976,587 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of StoneX Group by 16.0% during the first quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock valued at $107,593,000 after purchasing an additional 193,921 shares in the last quarter. Perpetual Ltd bought a new stake in shares of StoneX Group during the first quarter valued at about $64,679,000. T. Rowe Price Investment Management Inc. raised its stake in shares of StoneX Group by 2.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock valued at $51,050,000 after purchasing an additional 10,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of StoneX Group by 4.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock valued at $49,814,000 after purchasing an additional 20,928 shares in the last quarter. Institutional investors own 75.93% of the company's stock.

Insiders Place Their Bets

In other news, Director John Moore Fowler sold 1,125 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $96.00, for a total value of $108,000.00. Following the transaction, the director owned 115,749 shares in the company, valued at $11,111,904. This represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Abigail H. Perkins sold 16,098 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the transaction, the insider owned 31,076 shares in the company, valued at $2,642,703.04. This represents a 34.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,305 shares of company stock worth $3,859,233 over the last quarter. Company insiders own 11.70% of the company's stock.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, StoneX Group currently has a consensus rating of "Strong Buy".

StoneX Group Trading Up 2.0%

NASDAQ SNEX traded up $1.9230 on Tuesday, hitting $95.9130. 268,840 shares of the company were exchanged, compared to its average volume of 416,331. The company's 50 day moving average price is $91.43 and its 200-day moving average price is $84.72. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The firm has a market capitalization of $5.00 billion, a P/E ratio of 16.39 and a beta of 0.57. StoneX Group Inc. has a twelve month low of $50.31 and a twelve month high of $100.40.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. Analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

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.