StoneX Group Inc. (NASDAQ:SNEX) Stake Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 1,955.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,433 shares of the company's stock after purchasing an additional 3,266 shares during the period. Exchange Traded Concepts LLC's holdings in StoneX Group were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SNEX. American Century Companies Inc. raised its holdings in shares of StoneX Group by 17.7% during the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after acquiring an additional 152,847 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of StoneX Group by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock worth $66,372,000 after acquiring an additional 6,076 shares in the last quarter. T. Rowe Price Investment Management Inc. raised 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 acquiring an additional 10,222 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of StoneX Group by 4.3% during 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 in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of StoneX Group by 24.1% during the first quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company's stock worth $30,163,000 after acquiring an additional 76,778 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at StoneX Group

In other StoneX Group news, Chairman Sean Michael Oconnor sold 3,417 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $90.57, for a total transaction of $309,477.69. Following the transaction, the chairman now directly owns 1,019,667 shares in the company, valued at $92,351,240.19. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Andrew Smith sold 7,457 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $93.26, for a total value of $695,439.82. Following the transaction, the chief executive officer now owns 335,254 shares in the company, valued at approximately $31,265,788.04. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 174,262 shares of company stock worth $14,772,846 over the last three months. Corporate insiders own 11.70% of the company's stock.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $84.67 on Monday. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. StoneX Group Inc. has a 1 year low of $47.69 and a 1 year high of $97.17. The business has a fifty day simple moving average of $85.90 and a 200 day simple moving average of $77.62. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 14.34 and a beta of 0.53.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $907.30 million. As a group, sell-side analysts predict that StoneX Group Inc. will post 8.7 earnings per share 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.

Want to see what other hedge funds are holding SNEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StoneX Group Inc. (NASDAQ:SNEX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.