Swiss National Bank Boosts Stock Position in StoneX Group Inc. $SNEX

Swiss National Bank lifted its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 48.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,475 shares of the company's stock after purchasing an additional 27,225 shares during the quarter. Swiss National Bank owned 0.17% of StoneX Group worth $6,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SNEX. Ridgewood Investments LLC raised its position in shares of StoneX Group by 50.0% in 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. GAMMA Investing LLC raised its position in shares of StoneX Group by 92.7% in 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 raised its position in StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after buying an additional 741 shares during the last quarter. CWM LLC raised its position in StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after buying an additional 355 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in StoneX Group by 4,057.1% in the 1st quarter. Larson Financial Group LLC now owns 1,164 shares of the company's stock worth $89,000 after buying an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company's stock.

Insider Transactions at StoneX Group

In other news, Director John Moore Fowler sold 1,125 shares of the stock in a transaction 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 owned 115,749 shares of the company's stock, valued at approximately $11,111,904. This represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Abigail H. Perkins sold 16,098 shares of the stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 45,305 shares of company stock worth $3,859,233 over the last quarter. 11.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a research report 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. According to data from MarketBeat.com, StoneX Group has a consensus rating of "Strong Buy".

StoneX Group Trading Up 0.9%

NASDAQ:SNEX traded up $0.8950 during midday trading on Thursday, hitting $96.6850. 262,550 shares of the company traded hands, compared to its average volume of 418,758. The firm's fifty day moving average is $91.87 and its 200-day moving average is $84.88. StoneX Group Inc. has a 12-month low of $50.31 and a 12-month high of $100.40. The firm has a market capitalization of $5.04 billion, a P/E ratio of 16.47 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 (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 EPS 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. On average, sell-side analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

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.