Yousif Capital Management LLC Boosts Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Yousif Capital Management LLC lifted its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 49.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,045 shares of the company's stock after purchasing an additional 5,335 shares during the period. Yousif Capital Management LLC's holdings in StoneX Group were worth $1,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SNEX. Tidal Investments LLC purchased a new stake in shares of StoneX Group in the 4th quarter worth about $16,557,000. JPMorgan Chase & Co. lifted its position in shares of StoneX Group by 104.3% in the 4th quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company's stock worth $32,260,000 after purchasing an additional 168,098 shares during the period. American Century Companies Inc. lifted its position in shares of StoneX Group by 17.7% in the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock worth $99,364,000 after purchasing an additional 152,847 shares during the period. Norges Bank purchased a new stake in StoneX Group in the fourth quarter worth about $10,551,000. Finally, Raymond James Financial Inc. purchased a new stake in StoneX Group in the fourth quarter worth about $10,276,000. Hedge funds and other institutional investors own 75.93% of the company's stock.

StoneX Group Trading Down 0.7%

Shares of NASDAQ SNEX opened at $84.91 on Wednesday. StoneX Group Inc. has a 1 year low of $47.33 and a 1 year high of $97.17. The stock has a market cap of $4.15 billion, a P/E ratio of 14.38 and a beta of 0.53. The firm has a 50-day moving average of $85.30 and a 200 day moving average of $77.23. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35.

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 the consensus estimate 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 net margin of 0.24% and a return on equity of 17.03%. As a group, sell-side analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Transactions at StoneX Group

In other news, insider Abigail H. Perkins sold 10,112 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.25, for a total value of $851,936.00. Following the completion of the transaction, the insider now owns 37,616 shares in the company, valued at $3,169,148. The trade was a 21.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Charles M. Lyon sold 17,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total value of $1,494,640.00. Following the completion of the transaction, the president now directly owns 122,080 shares of the company's stock, valued at approximately $10,733,273.60. This trade represents a 12.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,792 shares of company stock valued at $13,870,123 in the last quarter. 11.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.

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