Brandywine Global Investment Management LLC Buys 33,476 Shares of StoneX Group Inc. $SNEX

Key Points

• Brandywine Global Investment Management LLC increased its stake in StoneX Group Inc. by 44.2%, now owning 109,159 shares valued at approximately $8.3 million.
• Insider Abigail H. Perkins sold 16,098 shares while Chairman John Radziwill acquired 1,400 shares, reflecting ongoing insider transactions in the company.
• StoneX Group's stock price opened at $91.97 with a market cap of $4.80 billion, and analysts project an EPS of 8.7 for the current fiscal year.

Brandywine Global Investment Management LLC boosted its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 44.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,159 shares of the company's stock after acquiring an additional 33,476 shares during the quarter. Brandywine Global Investment Management LLC owned 0.23% of StoneX Group worth $8,338,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in StoneX Group by 51.3% in the first quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company's stock worth $220,068,000 after buying an additional 976,587 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in StoneX Group by 41.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company's stock valued at $146,915,000 after acquiring an additional 567,196 shares during the period. Van Berkom & Associates Inc. grew its position in StoneX Group by 16.0% during the 1st quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company's stock worth $107,593,000 after acquiring an additional 193,921 shares during the last quarter. Perpetual Ltd bought a new position in StoneX Group during the 1st quarter worth approximately $64,679,000. Finally, Invesco Ltd. lifted its position in StoneX Group by 53.3% in the first quarter. Invesco Ltd. now owns 569,519 shares of the company's stock valued at $43,500,000 after purchasing an additional 197,927 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

StoneX Group Stock Up 2.9%

SNEX traded up $2.81 during midday trading on Friday, reaching $98.77. The company's stock had a trading volume of 122,483 shares, compared to its average volume of 418,901. The stock's 50-day moving average is $92.08 and its 200-day moving average is $85.04. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 16.84 and a beta of 0.57. StoneX Group Inc. has a 1 year low of $50.31 and a 1 year high of $100.40. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30.

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 (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.17). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. As a group, research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Activity at StoneX Group

In other news, CEO Philip Andrew Smith sold 7,500 shares of the business'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 transaction, the chief executive officer directly owned 327,754 shares of the company's stock, valued at $27,426,454.72. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John Radziwill acquired 1,400 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $85.00 per share, for a total transaction of $119,000.00. Following the transaction, the chairman owned 100,240 shares of the company's stock, valued at $8,520,400. This trade represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 45,305 shares of company stock worth $3,859,233. 11.70% of the stock is owned by insiders.

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.