Cynosure Group LLC Purchases 5,412 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• Cynosure Group LLC significantly increased its stake in StoneX Group Inc. by 169.7%, now owning 8,602 shares valued at approximately $657,000.
• Other institutional investors, including Vanguard Group and Charles Schwab Investment Management, have also raised their holdings significantly in StoneX Group during the first quarter.
• StoneX Group reported $1.22 earnings per share (EPS) for the quarter, missing analyst expectations of $1.39, despite revenues surpassing estimates at $1.02 billion.

Cynosure Group LLC grew its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 169.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,602 shares of the company's stock after buying an additional 5,412 shares during the quarter. Cynosure Group LLC's holdings in StoneX Group were worth $657,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new position in shares of StoneX Group in the first quarter valued at approximately $251,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of StoneX Group by 51.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock worth $582,000 after purchasing an additional 2,598 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of StoneX Group by 49.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock worth $256,000 after purchasing an additional 1,112 shares during the period. Illinois Municipal Retirement Fund lifted its position in StoneX Group by 55.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock worth $1,804,000 after acquiring an additional 8,390 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in StoneX Group by 283.1% during the 1st quarter. Bessemer Group Inc. now owns 6,567 shares of the company's stock worth $502,000 after purchasing an additional 4,853 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Stock Performance

Shares of SNEX traded up $0.08 during mid-day trading on Monday, hitting $89.41. The stock had a trading volume of 999,936 shares, compared to its average volume of 567,592. The company has a market cap of $4.66 billion, a PE ratio of 15.23 and a beta of 0.57. The company's fifty day simple moving average is $90.65 and its two-hundred day simple moving average is $84.04. 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 fifty-two week low of $50.31 and a fifty-two week high of $100.40.

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

Insider Activity at StoneX Group

In other news, CEO Philip Andrew Smith sold 7,500 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total transaction 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. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John Radziwill purchased 1,400 shares of the stock in a transaction dated Thursday, June 12th. The shares were acquired at an average price of $85.00 per share, for a total transaction 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. Insiders sold 76,430 shares of company stock valued at $6,582,552 over the last ninety days. Company insiders own 11.70% of the company's 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.