Victory Capital Management Inc. Buys 49,671 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Victory Capital Management Inc. increased its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 390.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 62,396 shares of the company's stock after purchasing an additional 49,671 shares during the quarter. Victory Capital Management Inc. owned 0.13% of StoneX Group worth $4,766,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in StoneX Group during the 1st quarter valued at $251,000. Wealth Enhancement Advisory Services LLC grew its position in StoneX Group by 51.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company's stock valued at $582,000 after acquiring an additional 2,598 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in StoneX Group by 49.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company's stock valued at $256,000 after acquiring an additional 1,112 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in StoneX Group by 55.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company's stock valued at $1,804,000 after acquiring an additional 8,390 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in StoneX Group by 283.1% in the 1st quarter. Bessemer Group Inc. now owns 6,567 shares of the company's stock valued at $502,000 after acquiring an additional 4,853 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

StoneX Group Price Performance

Shares of SNEX stock opened at $94.52 on Friday. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $99.08. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 16.01 and a beta of 0.54. The stock has a fifty day simple moving average of $89.09 and a two-hundred day simple moving average of $82.16. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its earnings results 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. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The business had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. On average, analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity

In related news, Director John Moore Fowler sold 1,125 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the completion of the sale, the director directly owned 116,735 shares in the company, valued at $10,243,496.25. This represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman John Radziwill acquired 1,400 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average price of $85.00 per share, with a total value of $119,000.00. Following the completion of the purchase, the chairman directly owned 100,240 shares in the company, valued at $8,520,400. The trade was a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 120,262 shares of company stock worth $10,534,329 over the last ninety days. 11.70% of the stock is currently owned by corporate insiders.

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.

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