StoneX Group Inc. (NASDAQ:SNEX) Stock Position Raised by Brandywine Global Investment Management LLC

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 increased its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 44.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 109,159 shares of the company's stock after purchasing an additional 33,476 shares during the period. Brandywine Global Investment Management LLC owned about 0.23% of StoneX Group worth $8,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in shares of StoneX Group by 33.7% during the fourth quarter. Wells Fargo & Company MN now owns 22,004 shares of the company's stock valued at $2,156,000 after buying an additional 5,550 shares in the last quarter. Bank of Montreal Can boosted its position in StoneX Group by 10.0% during the 4th quarter. Bank of Montreal Can now owns 4,595 shares of the company's stock worth $450,000 after acquiring an additional 416 shares during the period. Summit Investment Advisors Inc. grew its stake in StoneX Group by 4.3% during 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. Barclays PLC increased its holdings in shares of StoneX Group by 5.0% in the 4th quarter. Barclays PLC now owns 49,094 shares of the company's stock valued at $4,810,000 after purchasing an additional 2,339 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of StoneX Group in the fourth quarter worth approximately $689,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at StoneX Group

In other news, insider Abigail H. Perkins sold 16,098 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the transaction, the insider owned 31,076 shares in the company, valued at $2,642,703.04. This represents a 34.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John Radziwill acquired 1,400 shares of StoneX Group stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average cost of $85.00 per share, with a total value of $119,000.00. Following the purchase, the chairman owned 100,240 shares in the company, valued at $8,520,400. The trade was a 1.42% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 45,305 shares of company stock worth $3,859,233. Corporate insiders own 11.70% of the company's stock.

StoneX Group Trading Up 1.0%

StoneX Group stock opened at $91.97 on Friday. StoneX Group Inc. has a 12 month low of $50.31 and a 12 month high of $100.40. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. The stock has a market cap of $4.80 billion, a P/E ratio of 15.67 and a beta of 0.57. The company's fifty day simple moving average is $91.24 and its 200-day simple moving average is $84.50.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued 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). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $923.10 million. As a group, sell-side analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a research report on Friday, August 8th.

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.

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