Woodmont Investment Counsel LLC Has $20.38 Million Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Woodmont Investment Counsel LLC lifted its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 108.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 266,768 shares of the company's stock after acquiring an additional 138,627 shares during the quarter. StoneX Group makes up about 1.5% of Woodmont Investment Counsel LLC's holdings, making the stock its 18th biggest holding. Woodmont Investment Counsel LLC owned 0.55% of StoneX Group worth $20,376,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in shares of StoneX Group by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock valued at $284,000 after purchasing an additional 119 shares during the period. Illinois Municipal Retirement Fund increased its stake in StoneX Group by 0.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock valued at $1,492,000 after buying an additional 132 shares during the period. Focus Partners Wealth lifted its position in StoneX Group by 2.1% in the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after buying an additional 164 shares in the last quarter. MRP Capital Investments LLC boosted its stake in shares of StoneX Group by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock valued at $1,704,000 after buying an additional 175 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in shares of StoneX Group during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 75.93% of the company's stock.

Insider Buying and Selling at StoneX Group

In other news, CEO Philip Andrew Smith sold 7,457 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $93.26, for a total value of $695,439.82. Following the completion of the sale, the chief executive officer now directly owns 335,254 shares in the company, valued at approximately $31,265,788.04. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Sean Michael Oconnor sold 3,417 shares of StoneX Group stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $90.57, for a total transaction of $309,477.69. Following the completion of the transaction, the chairman now owns 1,019,667 shares in the company, valued at $92,351,240.19. This trade represents a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,262 shares of company stock worth $14,772,846 over the last three months. Corporate insiders own 11.70% of the company's stock.

Analysts Set New Price Targets

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

StoneX Group Stock Up 2.0%

Shares of NASDAQ SNEX traded up $1.69 during trading hours on Tuesday, hitting $88.17. The stock had a trading volume of 184,679 shares, compared to its average volume of 295,049. The firm's 50-day moving average price is $86.05 and its two-hundred day moving average price is $77.74. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $97.17. The company has a market capitalization of $4.31 billion, a P/E ratio of 14.94 and a beta of 0.53. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its quarterly 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. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The company had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal 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.