Invesco Ltd. Has $43.50 Million Stock Holdings in StoneX Group Inc. $SNEX

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. increased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 53.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 569,519 shares of the company's stock after purchasing 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 reporting period.

Other large investors have also made changes to their positions in the company. Ridgewood Investments LLC lifted its position in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of StoneX Group during the 1st quarter worth about $47,000. GAMMA Investing LLC lifted its position in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares during the last quarter. IFP Advisors Inc lifted its position in shares of StoneX Group by 74,100.0% during the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 741 shares during the last quarter. Finally, CWM LLC increased its stake in 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 acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

Insiders Place Their Bets

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 stock was sold at an average price of $83.68, for a total value of $627,600.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Abigail H. Perkins sold 16,098 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the transaction, the insider directly owned 31,076 shares in the company, valued at $2,642,703.04. The trade was a 34.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,305 shares of company stock valued at $3,859,233 over the last quarter. 11.70% of the stock is owned by insiders.

StoneX Group Price Performance

Shares of SNEX traded up $0.93 on Thursday, hitting $96.72. The company's stock had a trading volume of 293,472 shares, compared to its average volume of 418,973. The company has a market capitalization of $5.05 billion, a PE ratio of 16.49 and a beta of 0.57. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. StoneX Group Inc. has a fifty-two week low of $50.31 and a fifty-two week high of $100.40. The company has a 50 day moving average price of $91.87 and a 200 day moving average price of $84.88.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.22 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 analyst estimates of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. On average, research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.