Nuveen Asset Management LLC decreased its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,792 shares of the company's stock after selling 7,847 shares during the quarter. Nuveen Asset Management LLC owned 0.38% of StoneX Group worth $12,030,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in StoneX Group in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its holdings in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after acquiring an additional 469 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in StoneX Group in the fourth quarter valued at approximately $75,000. KBC Group NV lifted its holdings in StoneX Group by 39.0% in the fourth quarter. KBC Group NV now owns 1,309 shares of the company's stock valued at $128,000 after acquiring an additional 367 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in StoneX Group by 145.2% in the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after acquiring an additional 1,015 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, William Blair began coverage on StoneX Group in a research report on Wednesday, March 26th. They issued an "outperform" rating for the company.
Read Our Latest Report on SNEX
StoneX Group Price Performance
Shares of StoneX Group stock traded up $0.79 on Friday, reaching $84.88. The company's stock had a trading volume of 167,535 shares, compared to its average volume of 289,368. The company has a market capitalization of $4.15 billion, a P/E ratio of 10.14 and a beta of 0.63. StoneX Group Inc. has a 52-week low of $46.43 and a 52-week high of $97.17. The stock has a 50-day moving average price of $82.81 and a 200-day moving average price of $75.58. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.
StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.
Insider Activity at StoneX Group
In related news, President Charles M. Lyon sold 17,000 shares of the stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Philip Andrew Smith sold 9,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $69.56, for a total transaction of $626,040.00. Following the sale, the chief executive officer now owns 342,711 shares of the company's stock, valued at $23,838,977.16. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,082 shares of company stock valued at $11,021,613. 11.70% of the stock is owned by insiders.
About StoneX Group
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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.
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