Vanguard Group Inc. Boosts Position in StoneX Group Inc. $SNEX

Key Points

• Vanguard Group Inc. increased its ownership of StoneX Group Inc. by 51.3% in the first quarter, holding nearly 3 million shares valued at approximately $220 million.
• Several other institutional investors also adjusted their positions, with hedge funds owning 75.93% of StoneX Group's stock.
• StoneX Group received a "strong-buy" rating from Zacks Research, reflecting a generally positive outlook from analysts after reporting $1.22 earnings per share.

Vanguard Group Inc. raised its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 51.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,881,228 shares of the company's stock after acquiring an additional 976,587 shares during the quarter. Vanguard Group Inc. owned approximately 5.99% of StoneX Group worth $220,068,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SNEX. Ridgewood Investments LLC grew its position in StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC grew its position in StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after acquiring an additional 357 shares in the last quarter. IFP Advisors Inc grew 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 valued at $57,000 after acquiring an additional 741 shares in the last quarter. CWM LLC grew its position in StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after acquiring an additional 355 shares in the last quarter. Finally, Larson Financial Group LLC grew 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 valued at $89,000 after acquiring an additional 1,136 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 given a Buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Strong Buy".

Insider Buying and Selling

In related 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 transaction of $627,600.00. Following the completion of the sale, the chief executive officer owned 327,754 shares in the company, valued at $27,426,454.72. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 sale, the insider owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. The trade was a 34.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,305 shares of company stock valued at $3,859,233. Corporate insiders own 11.70% of the company's stock.

StoneX Group Stock Down 0.8%

Shares of StoneX Group stock traded down $0.82 on Monday, reaching $98.02. 281,342 shares of the company were exchanged, compared to its average volume of 685,491. StoneX Group Inc. has a 1-year low of $50.31 and a 1-year high of $100.40. The company has a market cap of $5.11 billion, a P/E ratio of 16.70 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. The stock's 50 day moving average price is $92.63 and its 200-day moving average price is $85.46.

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 analysts' consensus estimates of $1.39 by ($0.17). StoneX Group had a return on equity of 16.20% and a net margin of 0.23%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. As a group, equities analysts forecast 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.