Legato Capital Management LLC grew its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 50.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,713 shares of the company's stock after buying an additional 42,904 shares during the period. StoneX Group makes up 1.3% of Legato Capital Management LLC's holdings, making the stock its 2nd biggest position. Legato Capital Management LLC owned 0.27% of StoneX Group worth $9,831,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in SNEX. KLP Kapitalforvaltning AS increased its position in shares of StoneX Group by 50.0% in the first quarter. KLP Kapitalforvaltning AS now owns 8,850 shares of the company's stock worth $676,000 after purchasing an additional 2,950 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in StoneX Group in the first quarter valued at about $928,000. Teachers Retirement System of The State of Kentucky boosted its stake in StoneX Group by 50.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 12,547 shares of the company's stock valued at $958,000 after buying an additional 4,182 shares in the last quarter. IFP Advisors Inc boosted its stake in StoneX Group by 74,100.0% in the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock valued at $57,000 after buying an additional 741 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new stake in StoneX Group in the first quarter valued at about $414,000. Institutional investors own 75.93% of the company's stock.
Insiders Place Their Bets
In related news, CEO Philip Andrew Smith sold 7,500 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the sale, the chief executive officer directly owned 327,754 shares of the company's stock, valued at $27,426,454.72. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Charles M. Lyon sold 13,000 shares of StoneX Group stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $86.92, for a total value of $1,129,960.00. Following the sale, the president directly owned 122,080 shares in the company, 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. Insiders sold a total of 120,262 shares of company stock valued at $10,534,329 over the last ninety days. 11.70% of the stock is owned by insiders.
StoneX Group Price Performance
NASDAQ:SNEX traded down $0.29 during trading hours on Friday, hitting $94.52. The company's stock had a trading volume of 198,537 shares, compared to its average volume of 409,353. The stock has a fifty day simple moving average of $89.09 and a 200-day simple moving average of $82.06. The company has a market capitalization of $4.62 billion, a P/E ratio of 16.01 and a beta of 0.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $99.08.
StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. On average, analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.
StoneX Group Company Profile
(
Free Report)
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.
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