Vanguard Group Inc. Grows Stock 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 holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 51.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. 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 during 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 during 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 during the last quarter. CWM LLC grew its position in shares of StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after buying an additional 355 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of StoneX Group by 4,057.1% during 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 in the last quarter. Institutional investors own 75.93% of the company's stock.

StoneX Group Stock Up 3.0%

Shares of SNEX traded up $2.88 during midday trading on Friday, reaching $98.84. 451,123 shares of the stock were exchanged, compared to its average volume of 672,870. StoneX Group Inc. has a 52 week low of $50.31 and a 52 week high of $100.40. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The company's 50 day moving average is $92.38 and its two-hundred day moving average is $85.30. The company has a market capitalization of $5.16 billion, a P/E ratio of 16.84 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 (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. On average, sell-side analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Strong Buy".

Insider Buying and Selling

In related news, insider Abigail H. Perkins sold 10,470 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the sale, the insider directly owned 43,913 shares in the company, valued at $3,786,178.86. This represents a 19.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Philip Andrew Smith sold 7,500 shares of the company's stock in a transaction 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 sale, the chief executive officer owned 327,754 shares of the company's stock, valued at $27,426,454.72. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,305 shares of company stock valued at $3,859,233. Company insiders own 11.70% of the company's stock.

StoneX Group 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.