Connor Clark & Lunn Investment Management Ltd. Increases Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in StoneX Group Inc. by 37.6%, acquiring an additional 17,129 shares, bringing its total ownership to 62,682 shares valued at approximately $4.79 million.
• StoneX Group reported a Q1 earnings miss with an EPS of $1.22, falling short of the consensus estimate of $1.39, despite higher revenues of $1.02 billion compared to analyst expectations of $923.1 million.
• Insider transactions included Director John Moore Fowler selling 1,125 shares, while Chairman John Radziwill bought 1,400 shares, suggesting mixed sentiment among insiders regarding the stock.

Connor Clark & Lunn Investment Management Ltd. increased its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 37.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,682 shares of the company's stock after acquiring an additional 17,129 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of StoneX Group worth $4,788,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of StoneX Group by 51.3% during the 1st 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 during the last quarter. Perpetual Ltd bought a new position in shares of StoneX Group during the 1st quarter valued at about $64,679,000. Van Berkom & Associates Inc. raised its position in shares of StoneX Group by 16.0% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock valued at $107,593,000 after buying an additional 193,921 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of StoneX Group during the 4th quarter valued at about $16,557,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of StoneX Group by 56.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 441,977 shares of the company's stock valued at $33,758,000 after buying an additional 159,068 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total transaction of $108,000.00. Following the completion of the transaction, the director directly owned 115,749 shares in the company, valued at $11,111,904. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John Radziwill acquired 1,400 shares of the business's stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $85.00 per share, with a total value of $119,000.00. Following the acquisition, the chairman directly owned 100,240 shares of the company's stock, valued at $8,520,400. This represents a 1.42% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 45,305 shares of company stock valued at $3,859,233. 11.70% of the stock is currently owned by corporate insiders.

StoneX Group Trading Down 0.7%

StoneX Group stock traded down $0.68 during midday trading on Thursday, reaching $91.04. The stock had a trading volume of 500,535 shares, compared to its average volume of 618,315. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. StoneX Group Inc. has a 52-week low of $50.31 and a 52-week high of $100.40. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 15.51 and a beta of 0.57. The company has a fifty day moving average of $91.11 and a 200 day moving average of $84.28.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $923.10 million. On average, analysts anticipate 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.