Yorktown Management & Research Co Inc Grows Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Yorktown Management & Research Co Inc raised its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 118.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,500 shares of the company's stock after acquiring an additional 5,700 shares during the period. StoneX Group makes up 0.9% of Yorktown Management & Research Co Inc's holdings, making the stock its 16th biggest holding. Yorktown Management & Research Co Inc's holdings in StoneX Group were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC boosted its position in shares of StoneX Group by 49.8% during the 1st quarter. Yousif Capital Management LLC now owns 16,045 shares of the company's stock worth $1,226,000 after acquiring an additional 5,335 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in StoneX Group by 283.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 36,433 shares of the company's stock valued at $3,569,000 after purchasing an additional 26,925 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in StoneX Group by 1,955.7% in the first quarter. Exchange Traded Concepts LLC now owns 3,433 shares of the company's stock valued at $262,000 after purchasing an additional 3,266 shares during the last quarter. Harbor Capital Advisors Inc. raised 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 in the last quarter. Finally, Millennium Management LLC lifted its position in shares of StoneX Group by 149.8% during the 4th quarter. Millennium Management LLC now owns 41,761 shares of the company's stock worth $4,091,000 after buying an additional 25,046 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

Insider Activity

In other StoneX Group news, Chairman Sean Michael Oconnor sold 3,417 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $90.57, for a total transaction of $309,477.69. Following the transaction, the chairman now directly owns 1,019,667 shares in the company, valued at approximately $92,351,240.19. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Philip Andrew Smith sold 7,457 shares of StoneX Group stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $93.26, for a total transaction of $695,439.82. Following the sale, the chief executive officer now owns 335,254 shares of the company's stock, valued at approximately $31,265,788.04. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,262 shares of company stock valued at $14,772,846. Company insiders own 11.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

StoneX Group Stock Performance

NASDAQ SNEX traded up $1.69 on Tuesday, reaching $88.17. The stock had a trading volume of 184,679 shares, compared to its average volume of 294,988. The stock has a market cap of $4.31 billion, a P/E ratio of 14.94 and a beta of 0.53. The business's 50-day moving average price is $86.05 and its 200 day moving average price is $77.74. 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 Inc. has a 12-month low of $47.69 and a 12-month high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. As a group, equities analysts expect 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.