Vanguard Group Inc. Grows Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Vanguard Group Inc. grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 53.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,875,853 shares of the company’s stock after acquiring an additional 650,911 shares during the period. Vanguard Group Inc. owned 0.06% of StoneX Group worth $138,494,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Naples Money Management LLC bought a new stake in StoneX Group during the 4th quarter valued at about $30,000. FinTrust Capital Advisors LLC increased its position in shares of StoneX Group by 50.0% during the fourth quarter. FinTrust Capital Advisors LLC now owns 450 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of StoneX Group by 45.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 601 shares of the company’s stock valued at $44,000 after acquiring an additional 187 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of StoneX Group by 49.5% in the fourth quarter. Allworth Financial LP now owns 815 shares of the company’s stock valued at $60,000 after purchasing an additional 270 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in StoneX Group by 107.2% in the fourth quarter. Quadrant Capital Group LLC now owns 953 shares of the company’s stock worth $70,000 after purchasing an additional 493 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Trading Down 0.3 %

Shares of NASDAQ SNEX opened at $76.68 on Friday. StoneX Group Inc. has a twelve month low of $53.89 and a twelve month high of $80.00. The firm has a market cap of $2.43 billion, a PE ratio of 10.22 and a beta of 0.77. The business has a fifty day simple moving average of $74.16 and a two-hundred day simple moving average of $70.11. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 1.52.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. StoneX Group had a return on equity of 17.29% and a net margin of 0.33%. The firm had revenue of $818.20 million for the quarter, compared to analyst estimates of $788.30 million. Analysts expect that StoneX Group Inc. will post 7.4 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Xuong Nguyen sold 6,909 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $80.00, for a total transaction of $552,720.00. Following the transaction, the chief operating officer now directly owns 80,816 shares in the company, valued at $6,465,280. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other StoneX Group news, Director Eric Parthemore sold 2,250 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $74.67, for a total transaction of $168,007.50. Following the completion of the sale, the director now directly owns 18,860 shares of the company’s stock, valued at $1,408,276.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Xuong Nguyen sold 6,909 shares of StoneX Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $80.00, for a total transaction of $552,720.00. Following the completion of the transaction, the chief operating officer now directly owns 80,816 shares in the company, valued at approximately $6,465,280. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,868 shares of company stock worth $3,448,851. 16.24% of the stock is currently owned by corporate insiders.

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.