StoneX Group Inc. $SNEX Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in StoneX Group by 53.3% during the first quarter, acquiring an additional 197,927 shares, bringing its total ownership to approximately 1.18% of the company valued at $43.5 million.
• Institutional investors collectively own 75.93% of StoneX Group's stock, with several firms like GAMMA Investing and IFP Advisors making significant increases in their positions during the same period.
• StoneX Group recently received a "strong-buy" rating from Zacks Research, although it reported earnings of $1.22 per share, missing estimates by ($0.17).

Invesco Ltd. raised its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 53.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 569,519 shares of the company's stock after acquiring an additional 197,927 shares during the period. Invesco Ltd. owned approximately 1.18% of StoneX Group worth $43,500,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in StoneX Group in the 1st quarter valued at about $251,000. Wealth Enhancement Advisory Services LLC raised its holdings in StoneX Group by 51.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock valued at $582,000 after acquiring an additional 2,598 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in StoneX Group by 49.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock valued at $256,000 after acquiring an additional 1,112 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in StoneX Group by 55.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock valued at $1,804,000 after acquiring an additional 8,390 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in StoneX Group by 47.2% in the 1st quarter. Bank of New York Mellon Corp now owns 287,633 shares of the company's stock valued at $21,969,000 after acquiring an additional 92,293 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

Analyst Upgrades and Downgrades

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 given a Buy rating to the company. Based on data from MarketBeat, StoneX Group currently has an average rating of "Strong Buy".

Insider Activity at StoneX Group

In related news, CEO Philip Andrew Smith sold 7,500 shares of the 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 owned 327,754 shares of the company's stock, valued at approximately $27,426,454.72. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $96.00, for a total transaction of $108,000.00. Following the transaction, the director directly owned 115,749 shares of the company's stock, valued at $11,111,904. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,305 shares of company stock worth $3,859,233. Company insiders own 11.70% of the company's stock.

StoneX Group Trading Up 2.9%

Shares of StoneX Group stock traded up $2.7650 during mid-day trading on Friday, hitting $98.7250. The stock had a trading volume of 83,842 shares, compared to its average volume of 418,633. The firm has a 50-day moving average of $92.08 and a two-hundred day moving average of $85.04. 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 firm has a market cap of $5.15 billion, a P/E ratio of 16.77 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share for the quarter, missing the consensus estimate 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. Sell-side analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

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.