Wellington Management Group LLP Sells 92,525 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Wellington Management Group LLP decreased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,394 shares of the company's stock after selling 92,525 shares during the quarter. Wellington Management Group LLP owned about 0.54% of StoneX Group worth $17,085,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of StoneX Group in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC lifted its position in shares of StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after acquiring an additional 469 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of StoneX Group in the 4th quarter worth approximately $75,000. KBC Group NV lifted its position in shares of StoneX Group by 39.0% in the 4th quarter. KBC Group NV now owns 1,309 shares of the company's stock worth $128,000 after acquiring an additional 367 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of StoneX Group by 145.2% in the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock worth $168,000 after acquiring an additional 1,015 shares during the period. Institutional investors own 75.93% of the company's stock.

Insider Transactions at StoneX Group

In related news, CEO Philip Andrew Smith sold 9,000 shares of the firm's stock in a transaction on Friday, April 4th. The stock was 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 directly owns 342,711 shares of the company's stock, valued at $23,838,977.16. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Sean Michael Oconnor sold 3,417 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $90.57, for a total value of $309,477.69. Following the sale, the chairman now directly owns 1,019,667 shares of the company's stock, valued at $92,351,240.19. This represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,082 shares of company stock valued at $11,021,613. Corporate insiders own 11.70% of the company's stock.

Analyst Upgrades and Downgrades

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

StoneX Group Price Performance

Shares of SNEX traded down $0.30 during mid-day trading on Thursday, reaching $83.50. The company had a trading volume of 282,367 shares, compared to its average volume of 292,164. StoneX Group Inc. has a twelve month low of $46.43 and a twelve month high of $97.17. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. The company's 50-day moving average is $83.40 and its 200-day moving average is $76.26. The company has a market capitalization of $4.08 billion, a P/E ratio of 9.98 and a beta of 0.53.

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