Tidal Investments LLC bought a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 168,999 shares of the company's stock, valued at approximately $16,557,000. Tidal Investments LLC owned 0.53% of StoneX Group as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Barclays PLC raised its stake in StoneX Group by 359.4% in the third quarter. Barclays PLC now owns 46,755 shares of the company's stock valued at $3,828,000 after buying an additional 36,577 shares during the period. Principal Financial Group Inc. raised its stake in StoneX Group by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock valued at $12,236,000 after acquiring an additional 14,784 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in StoneX Group during the 4th quarter valued at $219,000. Atomi Financial Group Inc. boosted its position in StoneX Group by 43.2% during the fourth quarter. Atomi Financial Group Inc. now owns 3,966 shares of the company's stock worth $389,000 after purchasing an additional 1,197 shares during the period. Finally, Sheets Smith Wealth Management raised its position in shares of StoneX Group by 4.3% in the fourth quarter. Sheets Smith Wealth Management now owns 5,495 shares of the company's stock valued at $538,000 after purchasing an additional 227 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at StoneX Group
In related news, Director John Moore Fowler sold 1,125 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the completion of the sale, the director now directly owns 116,735 shares in the company, valued at $10,243,496.25. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Charles M. Lyon sold 13,000 shares of StoneX Group stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $86.92, for a total value of $1,129,960.00. Following the completion of the transaction, the president now owns 122,080 shares in the company, valued at approximately $10,611,193.60. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,082 shares of company stock valued at $11,021,613. 11.70% of the stock is owned by corporate insiders.
StoneX Group Stock Performance
Shares of SNEX stock traded down $1.32 on Thursday, hitting $84.96. The company's stock had a trading volume of 288,147 shares, compared to its average volume of 287,701. StoneX Group Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $97.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The stock's 50 day moving average is $81.87 and its 200-day moving average is $74.68. The company has a market capitalization of $4.16 billion, a PE ratio of 10.15 and a beta of 0.63.
StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Equities research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, William Blair started coverage on StoneX Group in a research note on Wednesday, March 26th. They issued an "outperform" rating for the company.
Check Out Our Latest Report on SNEX
StoneX Group Profile
(
Free Report)
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.
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