StoneX Group Inc. (NASDAQ:SNEX) Shares Bought by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc increased its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 118.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,500 shares of the company's stock after acquiring an additional 5,700 shares during the period. StoneX Group makes up about 0.9% of Yorktown Management & Research Co Inc's holdings, making the stock its 16th largest holding. Yorktown Management & Research Co Inc's holdings in StoneX Group were worth $802,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Harbour Capital Advisors LLC boosted its position in shares of StoneX Group by 48.7% during the first quarter. Harbour Capital Advisors LLC now owns 15,526 shares of the company's stock worth $1,152,000 after buying an additional 5,083 shares during the period. Sheets Smith Wealth Management boosted its position in shares of StoneX Group by 56.9% during the first quarter. Sheets Smith Wealth Management now owns 8,622 shares of the company's stock worth $659,000 after buying an additional 3,127 shares during the period. Longboard Asset Management LP boosted its position in shares of StoneX Group by 50.0% during the first quarter. Longboard Asset Management LP now owns 3,096 shares of the company's stock worth $236,000 after buying an additional 1,032 shares during the period. Sawgrass Asset Management LLC boosted its position in shares of StoneX Group by 34.9% during the first quarter. Sawgrass Asset Management LLC now owns 4,709 shares of the company's stock worth $360,000 after buying an additional 1,219 shares during the period. Finally, Woodmont Investment Counsel LLC boosted its position in shares of StoneX Group by 108.2% during the first quarter. Woodmont Investment Counsel LLC now owns 266,768 shares of the company's stock worth $20,376,000 after buying an additional 138,627 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at StoneX Group

In related news, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction on Monday, June 16th. The stock was sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the transaction, the insider now directly owns 43,913 shares in the company, valued at approximately $3,786,178.86. This trade represents a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Philip Andrew Smith sold 7,457 shares of StoneX Group 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 transaction, the chief executive officer now owns 335,254 shares of the company's stock, valued at approximately $31,265,788.04. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 174,262 shares of company stock worth $14,772,846. Company insiders own 11.70% of the company's stock.

StoneX Group Stock Up 0.6%

NASDAQ:SNEX traded up $0.50 during midday trading on Friday, reaching $91.38. The company had a trading volume of 1,728,989 shares, compared to its average volume of 302,681. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 15.48 and a beta of 0.53. The stock's fifty day simple moving average is $86.84 and its 200-day simple moving average is $78.20. StoneX Group Inc. has a 12-month low of $47.69 and a 12-month high of $97.17. 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 released its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. The firm had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. On average, sell-side analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

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 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.