StoneX Group Inc. (NASDAQ:SNEX) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 24.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 44,400 shares of the company's stock after selling 14,200 shares during the period. Two Sigma Advisers LP owned about 0.14% of StoneX Group worth $4,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. American Century Companies Inc. raised its position in StoneX Group by 17.7% during the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock valued at $99,364,000 after purchasing an additional 152,847 shares in the last quarter. Geode Capital Management LLC raised its position in StoneX Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock valued at $66,372,000 after purchasing an additional 6,076 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in StoneX Group by 2.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock valued at $51,050,000 after purchasing an additional 10,222 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in StoneX Group by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock valued at $49,814,000 after purchasing an additional 20,928 shares in the last quarter. Finally, Northern Trust Corp raised its position in StoneX Group by 9.9% during the 4th quarter. Northern Trust Corp now owns 335,456 shares of the company's stock valued at $32,865,000 after purchasing an additional 30,248 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 4,447 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $80.07, for a total transaction of $356,071.29. Following the completion of the transaction, the chief executive officer now owns 342,711 shares of the company's stock, valued at $27,440,869.77. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Charles M. Lyon sold 17,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the president now owns 122,080 shares of the company's stock, valued at $10,733,273.60. This trade represents a 12.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 130,082 shares of company stock valued at $11,021,613 in the last quarter. 11.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

StoneX Group Stock Up 1.0%

SNEX stock traded up $0.80 on Friday, hitting $84.89. 79,089 shares of the company's stock were exchanged, compared to its average volume of 289,006. StoneX Group Inc. has a 12-month low of $46.43 and a 12-month high of $97.17. The firm has a 50 day moving average price of $82.81 and a two-hundred day moving average price of $75.58. 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 has a market cap of $4.15 billion, a P/E ratio of 10.15 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal 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.