Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 56.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,681 shares of the company's stock after buying an additional 4,591 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in StoneX Group were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Summit Investment Advisors Inc. lifted its position in StoneX Group by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock valued at $284,000 after acquiring an additional 119 shares in the last quarter. Focus Partners Wealth raised its position in shares of StoneX Group by 2.1% in the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock valued at $794,000 after buying an additional 164 shares in the last quarter. Hohimer Wealth Management LLC increased its position in StoneX Group by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company's stock worth $543,000 after purchasing an additional 306 shares in the last quarter. CWM LLC lifted its holdings in shares of StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after purchasing an additional 355 shares during the period. Finally, 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 purchasing an additional 357 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at StoneX Group

In related news, CEO Philip Andrew Smith sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the sale, the chief executive officer directly owned 327,754 shares in the company, valued at approximately $27,426,454.72. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Abigail H. Perkins sold 10,470 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the sale, the insider directly owned 43,913 shares in the company, valued at approximately $3,786,178.86. This represents a 19.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,430 shares of company stock valued at $6,582,552. 11.70% of the stock is owned by company insiders.

StoneX Group Trading Up 6.4%

NASDAQ SNEX traded up $5.23 on Thursday, hitting $87.17. The company's stock had a trading volume of 1,180,008 shares, compared to its average volume of 409,632. The company's 50-day simple moving average is $90.41 and its 200 day simple moving average is $83.53. StoneX Group Inc. has a 52-week low of $50.31 and a 52-week high of $100.40. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. The firm has a market cap of $4.26 billion, a P/E ratio of 14.85 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced 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). The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $923.10 million. StoneX Group had a return on equity of 16.63% and a net margin of 0.23%. Research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

About StoneX Group

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.