Trust Co. of Vermont Purchases 6,520 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Trust Co. of Vermont increased its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 69.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,960 shares of the company's stock after buying an additional 6,520 shares during the period. Trust Co. of Vermont's holdings in StoneX Group were worth $1,219,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Diversified Trust Co boosted its stake in shares of StoneX Group by 144.1% in the 1st quarter. Diversified Trust Co now owns 7,420 shares of the company's stock worth $567,000 after buying an additional 4,380 shares during the last quarter. Perpetual Ltd purchased a new position in StoneX Group during the first quarter valued at $64,679,000. Sequoia Financial Advisors LLC purchased a new position in StoneX Group during the first quarter valued at $251,000. Bessemer Group Inc. lifted its position in StoneX Group by 283.1% during the first quarter. Bessemer Group Inc. now owns 6,567 shares of the company's stock valued at $502,000 after purchasing an additional 4,853 shares in the last quarter. Finally, Yorktown Management & Research Co Inc lifted its position in StoneX Group by 118.8% during the first quarter. Yorktown Management & Research Co Inc now owns 10,500 shares of the company's stock valued at $802,000 after purchasing an additional 5,700 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Activity

In other StoneX Group news, CEO Philip Andrew Smith sold 7,457 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $93.26, for a total transaction of $695,439.82. Following the completion of the transaction, the chief executive officer now owns 335,254 shares in the company, valued at $31,265,788.04. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Abigail H. Perkins sold 10,470 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the transaction, the insider now directly owns 43,913 shares in the company, valued at approximately $3,786,178.86. This trade represents a 19.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,262 shares of company stock worth $14,772,846. 11.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

StoneX Group Price Performance

Shares of NASDAQ:SNEX traded up $0.50 during trading on Friday, hitting $91.38. 1,728,989 shares of the company's stock were exchanged, compared to its average volume of 301,180. The business's 50-day simple moving average is $86.84 and its 200 day simple moving average is $78.26. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 15.48 and a beta of 0.53. StoneX Group Inc. has a 52-week low of $47.69 and a 52-week high of $97.17. 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 announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. As a group, equities analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

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.