Graham Capital Management L.P. Acquires 2,950 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Graham Capital Management L.P. grew its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 95.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,045 shares of the company's stock after acquiring an additional 2,950 shares during the quarter. Graham Capital Management L.P.'s holdings in StoneX Group were worth $592,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of StoneX Group by 17.7% during the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company's stock valued at $99,364,000 after purchasing an additional 152,847 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of StoneX Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company's stock valued at $66,372,000 after acquiring an additional 6,076 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in StoneX Group by 2.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company's stock valued at $51,050,000 after acquiring an additional 10,222 shares during the period. Price T Rowe Associates Inc. MD lifted its position in StoneX Group by 4.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company's stock valued at $49,814,000 after purchasing an additional 20,928 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of StoneX Group by 9.9% in the fourth quarter. Northern Trust Corp now owns 335,456 shares of the company's stock worth $32,865,000 after purchasing an additional 30,248 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

StoneX Group Stock Performance

Shares of StoneX Group stock traded down $0.20 during trading on Wednesday, hitting $87.96. 50,781 shares of the company's stock traded hands, compared to its average volume of 286,157. StoneX Group Inc. has a 1 year low of $46.43 and a 1 year high of $97.17. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. The business has a 50-day simple moving average of $81.62 and a 200-day simple moving average of $74.60. The stock has a market capitalization of $4.30 billion, a P/E ratio of 10.51 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. The company had revenue of $956.00 million for the quarter, compared to analysts' expectations of $907.30 million. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. As a group, analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Buying and Selling

In related news, CEO Philip Andrew Smith sold 9,000 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $69.56, for a total transaction of $626,040.00. Following the completion of the transaction, the chief executive officer now directly owns 342,711 shares of the company's stock, valued at approximately $23,838,977.16. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Sean Michael Oconnor sold 3,417 shares of the business's stock in a transaction dated 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 sale, the chairman now owns 1,019,667 shares in the company, valued at approximately $92,351,240.19. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,082 shares of company stock valued at $11,021,613. Company insiders own 11.70% of the company's stock.

About StoneX Group

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.