Shell Asset Management Co. Has $11.98 Million Stake in StoneX Group Inc. (NASDAQ:SNEX)

Shell Asset Management Co. reduced its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,256 shares of the company's stock after selling 33,096 shares during the period. Shell Asset Management Co. owned about 0.38% of StoneX Group worth $11,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNEX. Kestra Investment Management LLC bought a new stake in shares of StoneX Group during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC grew its holdings in shares of StoneX Group by 250.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock worth $64,000 after purchasing an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of StoneX Group during the fourth quarter worth about $75,000. KBC Group NV lifted its stake in shares of StoneX Group by 39.0% in the fourth quarter. KBC Group NV now owns 1,309 shares of the company's stock worth $128,000 after acquiring an additional 367 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of StoneX Group in the fourth quarter worth approximately $129,000. 75.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other StoneX Group news, President Charles M. Lyon sold 17,000 shares of the business's stock in a transaction that occurred on 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 transaction, the president now directly owns 122,080 shares of the company's stock, valued at approximately $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total value of $98,718.75. Following the completion of the transaction, the director now directly owns 116,735 shares in the company, valued at approximately $10,243,496.25. This trade represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 152,582 shares of company stock valued at $12,788,913 over the last ninety days. 11.70% of the stock is owned by company insiders.

StoneX Group Trading Up 1.2%

Shares of StoneX Group stock traded up $1.08 during midday trading on Monday, reaching $88.60. The company had a trading volume of 274,654 shares, compared to its average volume of 286,790. The stock has a fifty day moving average price of $80.98 and a 200 day moving average price of $74.31. 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 firm has a market cap of $4.33 billion, a PE ratio of 10.59 and a beta of 0.63. StoneX Group Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $97.17.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $907.30 million. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. On average, equities analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Wall Street Analyst Weigh In

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