Handelsbanken Fonder AB Boosts Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Handelsbanken Fonder AB increased its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 173.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,646 shares of the company's stock after buying an additional 3,582 shares during the period. Handelsbanken Fonder AB's holdings in StoneX Group were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in StoneX Group by 17.7% during the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after buying an additional 152,847 shares during the period. Geode Capital Management LLC grew its position in shares of StoneX Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock worth $66,372,000 after purchasing an additional 6,076 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings 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 worth $51,050,000 after purchasing an additional 10,222 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of StoneX Group by 4.3% in 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 buying an additional 20,928 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of StoneX Group by 24.1% in the first quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company's stock valued at $30,163,000 after buying an additional 76,778 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

StoneX Group Price Performance

SNEX traded up $1.31 on Monday, hitting $85.55. 347,641 shares of the stock were exchanged, compared to its average volume of 294,019. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 10.22 and a beta of 0.53. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. StoneX Group Inc. has a 12 month low of $46.71 and a 12 month high of $97.17. The business has a 50-day moving average of $84.81 and a two-hundred day moving average of $77.06.

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 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 company had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. Sell-side analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, William Blair initiated coverage on StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating on the stock.

Insider Buying and Selling

In other news, President Charles M. Lyon sold 17,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total value of $1,494,640.00. Following the transaction, the president now owns 122,080 shares in the company, valued at $10,733,273.60. This trade represents a 12.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total value of $98,718.75. Following the transaction, the director now directly owns 116,735 shares in the company, valued at approximately $10,243,496.25. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,582 shares of company stock worth $11,649,213 in the last 90 days. 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.