UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in StoneX Group Inc. (NASDAQ:SNEX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 24.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,052 shares of the company's stock after acquiring an additional 13,614 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of StoneX Group worth $6,765,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SNEX. Barclays PLC grew its stake in shares of StoneX Group by 359.4% in the 3rd 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 in the last quarter. KBC Group NV raised its position in StoneX Group by 39.0% in the fourth quarter. KBC Group NV now owns 1,309 shares of the company's stock worth $128,000 after purchasing an additional 367 shares in the last quarter. Longboard Asset Management LP acquired a new position in StoneX Group in the fourth quarter valued at about $202,000. Tectonic Advisors LLC acquired a new position in StoneX Group during the 4th quarter worth about $226,000. Finally, Allspring Global Investments Holdings LLC raised its position in StoneX Group by 23.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 51,572 shares of the company's stock worth $5,067,000 after purchasing an additional 9,692 shares during the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Performance

NASDAQ:SNEX traded up $0.29 on Tuesday, hitting $84.96. The company's stock had a trading volume of 331,253 shares, compared to its average volume of 291,145. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $4.16 billion, a P/E ratio of 10.15 and a beta of 0.63. StoneX Group Inc. has a one year low of $46.43 and a one year high of $97.17. The stock has a fifty day moving average of $82.98 and a two-hundred day moving average of $76.02.

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

Wall Street Analyst Weigh In

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

Insider Transactions at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 9,000 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $69.56, for a total transaction of $626,040.00. Following the completion of the sale, the chief executive officer now owns 342,711 shares of the company's stock, valued at approximately $23,838,977.16. This represents a 2.56% decrease in their position. The transaction 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 company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the completion of the sale, the president now directly owns 122,080 shares in the company, valued at approximately $10,733,273.60. This represents a 12.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,082 shares of company stock worth $11,021,613. Corporate insiders own 11.70% of the company's stock.

StoneX Group Company 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.