StoneX Group Inc. $SNEX Holdings Raised by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP raised its stake in StoneX Group Inc. by 14.5% in Q1, now owning approximately $15.25 million worth of shares.
• Insider Abigail H. Perkins sold 10,470 shares valued at $902,723, reducing her stake by 19.25%, while Chairman John Radziwill purchased 1,400 shares for $119,000.
• StoneX reported earnings of $1.22 EPS, missing estimates, but achieved revenue of $1.02 billion, exceeding expectations of $923.10 million.

Wellington Management Group LLP grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,616 shares of the company's stock after purchasing an additional 25,222 shares during the period. Wellington Management Group LLP owned about 0.41% of StoneX Group worth $15,247,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SNEX. Ridgewood Investments LLC lifted its holdings in shares of StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after purchasing an additional 150 shares during the last quarter. Simplex Trading LLC purchased a new stake in shares of StoneX Group during the first quarter valued at $47,000. GAMMA Investing LLC lifted its holdings in shares of StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after purchasing an additional 357 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of StoneX Group by 74,100.0% during the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock valued at $57,000 after purchasing an additional 741 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after purchasing an additional 355 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Abigail H. Perkins sold 10,470 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the sale, the insider directly owned 43,913 shares of the company's stock, valued at $3,786,178.86. This trade represents a 19.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John Radziwill purchased 1,400 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $85.00 per share, with a total value of $119,000.00. Following the completion of the purchase, the chairman directly owned 100,240 shares in the company, valued at approximately $8,520,400. This represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 45,305 shares of company stock valued at $3,859,233 in the last 90 days. Insiders own 11.70% of the company's stock.

StoneX Group Stock Up 1.2%

Shares of StoneX Group stock opened at $99.23 on Wednesday. The stock has a 50-day moving average price of $92.91 and a 200 day moving average price of $85.55. The company has a market cap of $5.18 billion, a P/E ratio of 16.90 and a beta of 0.57. 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 Inc. has a 1 year low of $50.31 and a 1 year high of $100.40.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced 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 analysts' expectations of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. As a group, analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy".

StoneX Group Company 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.

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