Woodmont Investment Counsel LLC Purchases 138,627 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Woodmont Investment Counsel LLC lifted its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 108.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,768 shares of the company's stock after purchasing an additional 138,627 shares during the quarter. StoneX Group accounts for 1.5% of Woodmont Investment Counsel LLC's portfolio, making the stock its 18th largest position. Woodmont Investment Counsel LLC owned approximately 0.55% of StoneX Group worth $20,376,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in StoneX Group in the 4th quarter valued at $31,000. GAMMA Investing LLC increased its stake in StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after buying an additional 357 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after buying an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in StoneX Group in the 4th quarter valued at $75,000. Finally, Bessemer Group Inc. increased its stake in StoneX Group by 145.2% in the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after buying an additional 1,015 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Transactions at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 40,553 shares of the firm's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $80.30, for a total value of $3,256,405.90. Following the completion of the sale, the chief executive officer now directly owns 342,711 shares in the company, valued at approximately $27,519,693.30. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Abigail H. Perkins sold 10,112 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.25, for a total transaction of $851,936.00. Following the completion of the sale, the insider now owns 37,616 shares of the company's stock, valued at $3,169,148. The trade was a 21.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 174,262 shares of company stock valued at $14,772,846. Company insiders own 11.70% of the company's stock.

Analyst Ratings Changes

Separately, William Blair started coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They set an "outperform" rating on the stock.

StoneX Group Stock Down 1.2%

Shares of SNEX opened at $84.67 on Friday. StoneX Group Inc. has a 52 week low of $47.46 and a 52 week high of $97.17. The firm has a market cap of $4.14 billion, a P/E ratio of 14.34 and a beta of 0.53. The firm's 50-day simple moving average is $85.90 and its 200 day simple moving average is $77.50. 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, beating 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 business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. On average, analysts forecast that StoneX Group Inc. will post 8.7 earnings per share 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.

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