AQR Capital Management LLC Sells 36,270 Shares of StoneX Group Inc. (NASDAQ:SNEX)

AQR Capital Management LLC reduced its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,666 shares of the company's stock after selling 36,270 shares during the quarter. AQR Capital Management LLC owned 0.25% of StoneX Group worth $7,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNEX. Summit Investment Advisors Inc. increased its position in shares of StoneX Group by 4.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after acquiring an additional 119 shares during the period. Illinois Municipal Retirement Fund grew its holdings in StoneX Group by 0.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock valued at $1,492,000 after purchasing an additional 132 shares in the last quarter. MRP Capital Investments LLC lifted its position in shares of StoneX Group by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock worth $1,704,000 after buying an additional 175 shares during the last quarter. Sheets Smith Wealth Management lifted its stake in shares of StoneX Group by 4.3% in the 4th quarter. Sheets Smith Wealth Management now owns 5,495 shares of the company's stock worth $538,000 after acquiring an additional 227 shares during the period. Finally, Sawgrass Asset Management LLC lifted its stake in StoneX Group by 9.7% during the fourth quarter. Sawgrass Asset Management LLC now owns 3,490 shares of the company's stock valued at $342,000 after buying an additional 310 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

StoneX Group Price Performance

Shares of StoneX Group stock traded up $1.52 on Monday, reaching $90.15. The stock had a trading volume of 83,140 shares, compared to its average volume of 281,812. The business's 50 day moving average is $79.80 and its two-hundred day moving average is $73.33. StoneX Group Inc. has a 1 year low of $46.43 and a 1 year high of $97.17. The company has a market cap of $4.34 billion, a P/E ratio of 10.65 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 posted its quarterly earnings data 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 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, research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Activity

In related news, CEO Philip Andrew Smith sold 7,457 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $93.26, for a total value of $695,439.82. Following the completion of the sale, the chief executive officer now owns 335,254 shares of the company's stock, valued at approximately $31,265,788.04. The trade was a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Sean Michael Oconnor sold 34,083 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $89.63, for a total value of $3,054,859.29. Following the transaction, the chairman now directly owns 1,023,084 shares in the company, valued at approximately $91,699,018.92. This represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,457 shares of company stock valued at $10,065,594. Company insiders own 11.70% of the company's stock.

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.