Private Capital Management LLC Sells 104,992 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Private Capital Management LLC lowered its position in 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 and Exchange Commission (SEC). The institutional investor owned 191,401 shares of the company's stock after selling 104,992 shares during the quarter. StoneX Group makes up approximately 2.0% of Private Capital Management LLC's portfolio, making the stock its 19th biggest position. Private Capital Management LLC owned about 0.60% of StoneX Group worth $18,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SNEX. D. E. Shaw & Co. Inc. boosted its stake in shares of StoneX Group by 283.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 36,433 shares of the company's stock valued at $3,569,000 after purchasing an additional 26,925 shares during the period. Inspire Investing LLC purchased a new stake in StoneX Group during the 4th quarter valued at $856,000. Principal Financial Group Inc. grew its holdings in StoneX Group by 11.0% in the 3rd quarter. Principal Financial Group Inc. now owns 149,442 shares of the company's stock worth $12,236,000 after acquiring an additional 14,784 shares during the last quarter. Jefferies Financial Group Inc. increased its position in shares of StoneX Group by 1,386.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 37,300 shares of the company's stock valued at $3,654,000 after acquiring an additional 34,790 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of StoneX Group during the fourth quarter valued at about $9,520,000. 75.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Sean Michael Oconnor sold 34,083 shares of the company's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total value of $3,054,859.29. Following the sale, the chairman now directly owns 1,023,084 shares of the company's stock, valued at $91,699,018.92. This represents a 3.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Philip Andrew Smith sold 7,457 shares of StoneX Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $93.26, for a total transaction of $695,439.82. Following the transaction, the chief executive officer now directly owns 335,254 shares of the company's stock, valued at approximately $31,265,788.04. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,082 shares of company stock worth $11,021,613. Company insiders own 11.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

StoneX Group Trading Down 0.4%

SNEX stock traded down $0.39 on Tuesday, reaching $88.21. The company's stock had a trading volume of 64,954 shares, compared to its average volume of 285,915. The firm has a market cap of $4.32 billion, a PE ratio of 10.54 and a beta of 0.63. The business has a fifty day simple moving average of $81.29 and a two-hundred day simple moving average of $74.51. StoneX Group Inc. has a 12-month low of $46.43 and a 12-month 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.

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

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.