Private Capital Management LLC Decreases Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Private Capital Management LLC decreased its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,401 shares of the company's stock after selling 104,992 shares during the quarter. StoneX Group comprises 2.0% of Private Capital Management LLC's holdings, making the stock its 19th largest holding. Private Capital Management LLC owned approximately 0.60% of StoneX Group worth $18,752,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNEX. Kestra Investment Management LLC acquired a new stake in StoneX Group during the fourth quarter worth $31,000. Smartleaf Asset Management LLC grew its stake in shares of StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after buying an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of StoneX Group in the fourth quarter valued at $75,000. KBC Group NV grew 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 valued at $128,000 after buying an additional 367 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of StoneX Group in the fourth quarter valued at $129,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Analyst Ratings Changes

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

StoneX Group Trading Up 1.1%

Shares of NASDAQ SNEX traded up $0.94 during trading on Friday, reaching $87.52. The stock had a trading volume of 504,792 shares, compared to its average volume of 286,839. StoneX Group Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $97.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The business's 50-day moving average price is $80.98 and its 200-day moving average price is $74.21. The company has a market cap of $4.28 billion, a P/E ratio of 10.46 and a beta of 0.63.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.09. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. The business had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. On average, equities research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Philip Andrew Smith sold 7,457 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $93.26, for a total transaction of $695,439.82. Following the completion of the transaction, the chief executive officer now directly owns 335,254 shares of the company's stock, valued at $31,265,788.04. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Glenn Henry Stevens sold 22,500 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $78.55, for a total value of $1,767,300.00. Following the transaction, the insider now directly owns 116,946 shares of the company's stock, valued at $9,185,718.48. The trade was a 16.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,582 shares of company stock valued at $12,788,913 in the last three months. 11.70% of the stock is owned by corporate insiders.

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.