StoneX Group Inc. (NASDAQ:SNEX) is Van Berkom & Associates Inc.'s 2nd Largest Position

Key Points

• Van Berkom & Associates Inc. increased its stake in StoneX Group Inc. by 16.0%, owning 1,408,659 shares valued at approximately $107.59 million, making it the firm's second-largest position.
• StoneX Group reported a strong quarterly performance, with $1.41 EPS, surpassing estimates, and revenues of $956 million, exceeding analyst expectations of $907.3 million.
• Insider trading activity included Chairman Sean Michael Oconnor selling 34,083 shares while Chairman John Radziwill bought 1,400 shares, indicating mixed internal sentiment about the stock.

Van Berkom & Associates Inc. raised its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,408,659 shares of the company's stock after acquiring an additional 193,921 shares during the quarter. StoneX Group comprises 3.4% of Van Berkom & Associates Inc.'s portfolio, making the stock its 2nd largest position. Van Berkom & Associates Inc. owned approximately 2.93% of StoneX Group worth $107,593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perpetual Ltd acquired a new position in StoneX Group in the 1st quarter valued at about $64,679,000. Geode Capital Management LLC grew its holdings in StoneX Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock worth $66,372,000 after purchasing an additional 6,076 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of StoneX Group by 2.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock valued at $51,050,000 after buying an additional 10,222 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in StoneX Group by 4.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock worth $49,814,000 after purchasing an additional 20,928 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in StoneX Group by 24.1% during the first quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company's stock worth $30,163,000 after purchasing an additional 76,778 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, President Charles M. Lyon sold 17,000 shares of the business'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 transaction of $1,494,640.00. Following the completion of the sale, the president directly owned 122,080 shares in the company, valued at approximately $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman John Radziwill purchased 1,400 shares of the company's stock in a transaction on Thursday, June 12th. The stock was purchased at an average price of $85.00 per share, with a total value of $119,000.00. Following the completion of the transaction, the chairman owned 100,240 shares of the company's stock, valued at approximately $8,520,400. This trade represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 86,179 shares of company stock valued at $7,479,470 over the last quarter. 11.70% of the stock is currently owned by insiders.

StoneX Group Stock Performance

SNEX traded up $2.74 during midday trading on Wednesday, reaching $98.14. The company had a trading volume of 223,316 shares, compared to its average volume of 381,308. The stock has a market cap of $4.80 billion, a PE ratio of 16.62 and a beta of 0.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. The business has a 50-day moving average price of $89.35 and a two-hundred day moving average price of $82.55. StoneX Group Inc. has a 12-month low of $47.69 and a 12-month high of $99.08.

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

StoneX Group 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.