Shell Asset Management Co. Sells 33,096 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Shell Asset Management Co. lowered its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & 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 0.38% of StoneX Group worth $11,977,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SNEX. Kestra Investment Management LLC purchased a new stake in shares of StoneX Group in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC increased its position in shares of StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after purchasing an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in StoneX Group in the 4th quarter worth approximately $75,000. KBC Group NV lifted its holdings in shares of StoneX Group by 39.0% in the 4th 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 last quarter. Finally, USA Financial Formulas purchased a new stake in StoneX Group during the fourth quarter valued at about $129,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Trading Down 1.7%

Shares of NASDAQ:SNEX traded down $1.46 during trading on Wednesday, reaching $86.69. 179,666 shares of the company traded hands, compared to its average volume of 286,670. The business's fifty day moving average is $81.62 and its 200-day moving average is $74.60. StoneX Group Inc. has a 52-week low of $46.43 and a 52-week high of $97.17. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 10.36 and a beta of 0.63. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.

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

Insider Activity

In other news, Chairman Sean Michael Oconnor sold 34,083 shares of StoneX Group stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total transaction of $3,054,859.29. Following the completion of the transaction, the chairman now directly owns 1,023,084 shares in the company, valued at approximately $91,699,018.92. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip Andrew Smith sold 9,000 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $69.56, for a total value of $626,040.00. Following the completion of the sale, the chief executive officer now owns 342,711 shares in the company, valued at $23,838,977.16. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,082 shares of company stock valued at $11,021,613. Corporate insiders own 11.70% of the company's stock.

Analysts Set New Price Targets

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

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.