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Exchange Traded Concepts LLC Acquires 3,266 Shares of StoneX Group Inc. (NASDAQ:SNEX)

StoneX Group logo with Finance background

Exchange Traded Concepts LLC boosted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 1,955.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in StoneX Group during the 4th quarter valued at $16,557,000. JPMorgan Chase & Co. boosted its stake in shares of StoneX Group by 104.3% during the 4th quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company's stock valued at $32,260,000 after purchasing an additional 168,098 shares in the last quarter. American Century Companies Inc. increased its position 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 valued at $99,364,000 after buying an additional 152,847 shares during the period. Norges Bank purchased a new stake in StoneX Group in the fourth quarter worth about $10,551,000. Finally, Raymond James Financial Inc. bought a new stake in StoneX Group during the 4th quarter valued at approximately $10,276,000. Hedge funds and other institutional investors own 75.93% of the company's stock.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on StoneX Group

StoneX Group Stock Up 3.4%

SNEX stock traded up $2.98 during midday trading on Thursday, hitting $90.88. The stock had a trading volume of 366,339 shares, compared to its average volume of 296,455. The business has a 50-day moving average of $86.62 and a two-hundred day moving average of $78.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 15.39 and a beta of 0.53. StoneX Group Inc. has a 52-week low of $47.69 and a 52-week high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. As a group, equities research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the completion of the transaction, the director now directly owns 116,735 shares in the company, valued at $10,243,496.25. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Charles M. Lyon sold 17,000 shares of StoneX Group stock in a transaction dated 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 completion of the transaction, the president now directly owns 122,080 shares of the company's stock, valued at approximately $10,733,273.60. This represents a 12.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 174,262 shares of company stock worth $14,772,846. 11.70% of the stock is currently owned by company insiders.

StoneX Group Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for StoneX Group (NASDAQ:SNEX)

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