Teacher Retirement System of Texas Grows Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Teacher Retirement System of Texas raised its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 56.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,578 shares of the company's stock after purchasing an additional 7,384 shares during the quarter. Teacher Retirement System of Texas' holdings in StoneX Group were worth $1,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of StoneX Group by 92.7% during 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. Steward Partners Investment Advisory LLC acquired a new position in shares of StoneX Group during the 4th quarter worth about $75,000. KBC Group NV lifted its stake in StoneX Group by 50.0% in the 1st quarter. KBC Group NV now owns 1,963 shares of the company's stock valued at $150,000 after purchasing an additional 654 shares during the last quarter. Bessemer Group Inc. lifted its stake in StoneX Group by 145.2% in the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Argent Trust Co acquired a new stake in StoneX Group in the 4th quarter valued at about $220,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at StoneX Group

In other StoneX Group news, President Charles M. Lyon sold 17,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total value of $1,494,640.00. Following the transaction, the president owned 122,080 shares in the company, valued at approximately $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail H. Perkins sold 16,098 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the completion of the sale, the insider directly owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. This represents a 34.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,262 shares of company stock worth $14,146,806 over the last quarter. 11.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

StoneX Group Stock Down 5.1%

Shares of NASDAQ:SNEX traded down $4.91 during midday trading on Friday, hitting $91.44. 427,898 shares of the company's stock were exchanged, compared to its average volume of 308,535. StoneX Group Inc. has a 12 month low of $47.69 and a 12 month high of $99.08. The company has a market cap of $4.47 billion, a PE ratio of 15.49 and a beta of 0.54. The stock has a 50 day moving average price of $88.25 and a 200-day moving average price of $80.19. 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 (NASDAQ:SNEX - Get Free Report) last released its 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. The firm had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. On average, sell-side analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

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.