Universal Beteiligungs und Servicegesellschaft mbH Takes Position in StoneX Group Inc. (NASDAQ:SNEX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 12,144 shares of StoneX Group Inc. for approximately $928,000.
• Several hedge funds increased their stakes in StoneX Group, with IFP Advisors Inc growing its position by an unprecedented 74,100%.
• StoneX Group reported a net income of $956 million for the last quarter, surpassing analysts' expectations.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,144 shares of the company's stock, valued at approximately $928,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNEX. GAMMA Investing LLC lifted its position in StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares during the period. IFP Advisors Inc lifted its position in StoneX Group by 74,100.0% during the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 741 shares during the period. CWM LLC raised its stake in StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after acquiring an additional 355 shares in the last quarter. Larson Financial Group LLC raised its stake in StoneX Group by 4,057.1% during the first quarter. Larson Financial Group LLC now owns 1,164 shares of the company's stock worth $89,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Allworth Financial LP raised its stake in StoneX Group by 52.6% during the first quarter. Allworth Financial LP now owns 1,244 shares of the company's stock worth $95,000 after acquiring an additional 429 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Activity

In related news, Director John Moore Fowler sold 1,125 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the transaction, the director owned 115,749 shares in the company, valued at $11,111,904. This trade represents a 0.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Abigail H. Perkins sold 16,098 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the completion of the transaction, the insider owned 31,076 shares of the company's stock, valued at approximately $2,642,703.04. This trade represents a 34.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,430 shares of company stock valued at $6,582,552. Corporate insiders own 11.70% of the company's stock.

StoneX Group Price Performance

NASDAQ SNEX traded down $1.27 during trading on Tuesday, hitting $96.96. 1,019,486 shares of the company's stock were exchanged, compared to its average volume of 394,750. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. The company has a market cap of $4.74 billion, a PE ratio of 16.42 and a beta of 0.57. StoneX Group Inc. has a fifty-two week low of $48.83 and a fifty-two week high of $100.40. The stock's 50 day moving average price is $90.31 and its two-hundred day moving average price is $83.45.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. Research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

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.