Oregon Public Employees Retirement Fund Boosts Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Oregon Public Employees Retirement Fund lifted its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 117.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,495 shares of the company's stock after purchasing an additional 7,832 shares during the period. Oregon Public Employees Retirement Fund's holdings in StoneX Group were worth $1,107,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SNEX. Summit Investment Advisors Inc. lifted its position in shares of StoneX Group by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after purchasing an additional 119 shares in the last quarter. Focus Partners Wealth raised its holdings in StoneX Group by 2.1% during the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after buying an additional 164 shares during the period. MRP Capital Investments LLC increased its holdings in shares of StoneX Group by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock valued at $1,704,000 after purchasing an additional 175 shares during the period. GAMMA Investing LLC increased its holdings in StoneX Group by 92.7% in the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after buying an additional 357 shares during the last quarter. Finally, State of Wyoming grew its holdings in StoneX Group by 8.9% during the fourth quarter. State of Wyoming now owns 4,589 shares of the company's stock valued at $450,000 after purchasing an additional 375 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Philip Andrew Smith sold 40,553 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $80.30, for a total transaction of $3,256,405.90. Following the sale, the chief executive officer owned 342,711 shares in the company, valued at $27,519,693.30. This represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Sean Michael Oconnor sold 34,083 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $89.63, for a total value of $3,054,859.29. Following the sale, the chairman owned 1,023,084 shares in the company, valued at approximately $91,699,018.92. This represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,262 shares of company stock worth $14,146,806. Company insiders own 11.70% of the company's stock.

StoneX Group Trading Up 0.4%

SNEX traded up $0.35 during midday trading on Wednesday, reaching $96.31. 387,840 shares of the company were exchanged, compared to its average volume of 304,362. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. StoneX Group Inc. has a one year low of $47.69 and a one year high of $98.00. The stock has a market capitalization of $4.71 billion, a P/E ratio of 16.32 and a beta of 0.54. The stock's 50-day simple moving average is $87.98 and its 200 day simple moving average is $79.67.

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. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The business had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. As a group, analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed coverage on StoneX Group in a research note on Wednesday, March 26th. They issued an "outperform" rating for the company.

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.