Teacher Retirement System of Texas Has $1.57 Million Position in StoneX Group Inc. (NASDAQ:SNEX)

Teacher Retirement System of Texas lifted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 56.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 20,578 shares of the company's stock after acquiring an additional 7,384 shares during the period. Teacher Retirement System of Texas' holdings in StoneX Group were worth $1,572,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNEX. Steward Partners Investment Advisory LLC acquired a new stake in shares of StoneX Group during the 4th quarter worth approximately $75,000. Charles Schwab Investment Management Inc. grew its position in shares of StoneX Group by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 282,909 shares of the company's stock worth $27,717,000 after buying an additional 12,855 shares during the period. Atria Investments Inc grew its position in shares of StoneX Group by 11.1% during the 4th quarter. Atria Investments Inc now owns 9,016 shares of the company's stock worth $883,000 after buying an additional 904 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of StoneX Group during the 4th quarter worth approximately $10,276,000. Finally, Amundi grew its position in shares of StoneX Group by 187.1% during the 4th quarter. Amundi now owns 14,298 shares of the company's stock worth $1,461,000 after buying an additional 9,317 shares during the period. 75.93% of the stock is owned by institutional investors.

StoneX Group Stock Down 2.2%

SNEX traded down $2.09 during trading on Tuesday, reaching $91.63. The company had a trading volume of 290,470 shares, compared to its average volume of 309,770. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. StoneX Group Inc. has a 12 month low of $47.69 and a 12 month high of $99.08. The business's fifty day moving average price is $88.28 and its 200 day moving average price is $80.57. The company has a market cap of $4.48 billion, a P/E ratio of 15.52 and a beta of 0.54.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The firm had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Philip Andrew Smith sold 7,500 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were 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. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John Radziwill acquired 1,400 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the transaction, the chairman owned 100,240 shares of the company's stock, valued at $8,520,400. This represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 160,815 shares of company stock valued at $13,790,735 over the last 90 days. 11.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, William Blair assumed coverage on shares of StoneX Group in a report on Wednesday, March 26th. They set an "outperform" rating for the company.

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.