Tidal Investments LLC Purchases New Shares in StoneX Group Inc. (NASDAQ:SNEX)

Tidal Investments LLC bought a new position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 168,999 shares of the company's stock, valued at approximately $16,557,000. Tidal Investments LLC owned approximately 0.53% of StoneX Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming grew its holdings in StoneX Group by 8.9% during the fourth quarter. State of Wyoming now owns 4,589 shares of the company's stock worth $450,000 after buying an additional 375 shares in the last quarter. ProShare Advisors LLC grew its holdings in StoneX Group by 45.8% during the fourth quarter. ProShare Advisors LLC now owns 8,353 shares of the company's stock worth $818,000 after buying an additional 2,622 shares in the last quarter. Millennium Management LLC grew its holdings in StoneX Group by 149.8% during the fourth quarter. Millennium Management LLC now owns 41,761 shares of the company's stock worth $4,091,000 after buying an additional 25,046 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in StoneX Group by 5.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,733 shares of the company's stock worth $1,541,000 after buying an additional 745 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in StoneX Group by 25.3% during the fourth quarter. Janus Henderson Group PLC now owns 27,814 shares of the company's stock worth $2,725,000 after buying an additional 5,616 shares in the last quarter. Institutional investors own 75.93% of the company's stock.

Analysts Set New Price Targets

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

StoneX Group Stock Performance

SNEX traded up $0.57 during trading hours on Friday, hitting $85.53. The stock had a trading volume of 241,428 shares, compared to its average volume of 288,919. StoneX Group Inc. has a 1 year low of $46.43 and a 1 year high of $97.17. The company's fifty day simple moving average is $82.26 and its 200 day simple moving average is $75.07. The stock has a market cap of $4.18 billion, a PE ratio of 10.22 and a beta of 0.63. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Equities analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insiders Place Their Bets

In other StoneX Group news, CEO Philip Andrew Smith sold 9,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $69.56, for a total value of $626,040.00. Following the completion of the sale, the chief executive officer now owns 342,711 shares in the company, valued at approximately $23,838,977.16. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Charles M. Lyon sold 17,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the completion of the transaction, the president now owns 122,080 shares in the company, valued at $10,733,273.60. This represents a 12.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 130,082 shares of company stock worth $11,021,613 in the last ninety days. 11.70% of the stock is currently owned by insiders.

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.