Texas Permanent School Fund Corp Raises Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Texas Permanent School Fund Corp boosted its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,196 shares of the company’s stock after purchasing an additional 2,449 shares during the period. Texas Permanent School Fund Corp’s holdings in StoneX Group were worth $1,973,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of StoneX Group by 10,975.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,430 shares of the company’s stock worth $327,000 after buying an additional 4,390 shares during the last quarter. Victory Capital Management Inc. boosted its stake in StoneX Group by 39.4% in the fourth quarter. Victory Capital Management Inc. now owns 9,775 shares of the company’s stock valued at $722,000 after acquiring an additional 2,765 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of StoneX Group by 54.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 245,461 shares of the company’s stock valued at $18,122,000 after acquiring an additional 86,086 shares during the period. Teacher Retirement System of Texas increased its stake in shares of StoneX Group by 63.8% during the 4th quarter. Teacher Retirement System of Texas now owns 13,623 shares of the company’s stock worth $1,006,000 after purchasing an additional 5,306 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of StoneX Group by 53.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,406,553 shares of the company’s stock worth $103,845,000 after purchasing an additional 489,359 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $82.65 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $79.61 and a two-hundred day simple moving average of $74.33. StoneX Group Inc. has a 1-year low of $57.46 and a 1-year high of $84.47. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 11.02 and a beta of 0.76.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.13. The company had revenue of $913.70 million during the quarter, compared to the consensus estimate of $817.80 million. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. Analysts anticipate that StoneX Group Inc. will post 7.45 earnings per share for the current year.

Insider Activity

In related news, insider Xuong Nguyen sold 8,091 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $80.00, for a total value of $647,280.00. Following the completion of the transaction, the insider now directly owns 60,816 shares of the company’s stock, valued at approximately $4,865,280. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director John Moore Fowler sold 400 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $79.26, for a total transaction of $31,704.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at approximately $158,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Xuong Nguyen sold 8,091 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $80.00, for a total value of $647,280.00. Following the completion of the transaction, the insider now owns 60,816 shares of the company’s stock, valued at approximately $4,865,280. The disclosure for this sale can be found here. Insiders have sold a total of 12,491 shares of company stock valued at $982,544 over the last quarter. Company insiders own 16.24% of the company’s 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.