Maryland State Retirement & Pension System Buys 3,098 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• Maryland State Retirement & Pension System increased its stake in StoneX Group Inc. by 32.6%, resulting in ownership of 12,608 shares valued at approximately $963,000.
• Other institutional investors also boosted their investments, with Vanguard Group raising its holdings by 51.3%, now owning 2,881,228 shares valued at about $220 million.
• StoneX Group reported a quarterly EPS of $1.22, which missed the consensus estimate of $1.39, while its revenue reached $1.02 billion, exceeding expectations of $923.1 million.

Maryland State Retirement & Pension System raised its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 32.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,608 shares of the company's stock after acquiring an additional 3,098 shares during the period. Maryland State Retirement & Pension System's holdings in StoneX Group were worth $963,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of StoneX Group by 51.3% in 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 in the last quarter. Van Berkom & Associates Inc. boosted its stake in StoneX Group by 16.0% in the first 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. Perpetual Ltd bought a new position in StoneX Group in the first quarter valued at about $64,679,000. T. Rowe Price Investment Management Inc. raised its stake in 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 acquiring an additional 10,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings 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 worth $49,814,000 after acquiring an additional 20,928 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Price Performance

Shares of StoneX Group stock traded down $0.68 during midday trading on Thursday, hitting $91.04. 500,535 shares of the company traded hands, compared to its average volume of 418,149. The firm's fifty day moving average price is $90.96 and its 200-day moving average price is $84.15. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 15.51 and a beta of 0.57. StoneX Group Inc. has a 12 month low of $50.31 and a 12 month high of $100.40. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. As a group, sell-side analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman John Radziwill acquired 1,400 shares of StoneX Group stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $85.00 per share, with a total value of $119,000.00. Following the transaction, the chairman directly owned 100,240 shares in the company, valued at $8,520,400. This represents a 1.42% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction, the director owned 115,749 shares in the company, valued at $11,111,904. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,305 shares of company stock worth $3,859,233. Company insiders own 11.70% of the company's stock.

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.