Swiss National Bank Acquires 27,225 Shares of StoneX Group Inc. $SNEX

Swiss National Bank grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 48.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,475 shares of the company's stock after acquiring an additional 27,225 shares during the period. Swiss National Bank owned 0.17% of StoneX Group worth $6,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Summit Investment Advisors Inc. lifted its position in shares of StoneX Group by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after acquiring an additional 119 shares in the last quarter. Ridgewood Investments LLC lifted its position in shares of StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after acquiring an additional 150 shares in the last quarter. Focus Partners Wealth lifted its position in shares of StoneX Group by 2.1% during the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after acquiring an additional 164 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in shares of StoneX Group by 4.5% during the first quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company's stock worth $543,000 after acquiring an additional 306 shares in the last quarter. Finally, CWM LLC lifted its position in shares of StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Price Performance

SNEX traded up $3.37 during trading on Friday, reaching $99.33. The stock had a trading volume of 64,293 shares, compared to its average volume of 418,541. The stock has a market cap of $5.18 billion, a PE ratio of 16.91 and a beta of 0.57. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. StoneX Group Inc. has a one year low of $50.31 and a one year high of $100.40. The business has a 50-day moving average of $92.08 and a 200-day moving average of $85.04.

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

Analysts Set New Price Targets

Separately, Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, StoneX Group presently has an average rating of "Strong Buy".

Insider Buying and Selling

In other news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction dated 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 approximately $11,111,904. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John Radziwill acquired 1,400 shares of StoneX Group stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the purchase, the chairman directly owned 100,240 shares of the company's stock, valued at approximately $8,520,400. The trade was a 1.42% increase in their position. 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 over the last three months. 11.70% of the stock is owned by corporate insiders.

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.