StoneX Group Inc. (NASDAQ:SNEX) Stock Position Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX – Get Rating) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,924 shares of the company’s stock after selling 1,053 shares during the period. State of Alaska Department of Revenue owned 0.06% of StoneX Group worth $988,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC grew its position in shares of StoneX Group by 3.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 8,198 shares of the company’s stock valued at $623,000 after buying an additional 307 shares during the last quarter. KBC Group NV bought a new position in StoneX Group in the 2nd quarter worth about $112,000. State of New Jersey Common Pension Fund D bought a new position in StoneX Group in the 2nd quarter worth about $2,470,000. Phase 2 Partners LLC bought a new position in StoneX Group in the 1st quarter worth about $3,886,000. Finally, Yorktown Management & Research Co Inc bought a new position in StoneX Group in the 2nd quarter worth about $344,000. Institutional investors own 75.53% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Sean Michael Oconnor sold 18,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $101.34, for a total value of $1,884,924.00. Following the completion of the sale, the chief executive officer now directly owns 331,659 shares of the company’s stock, valued at approximately $33,610,323.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO William J. Dunaway sold 600 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $91.95, for a total value of $55,170.00. Following the completion of the sale, the chief financial officer now directly owns 72,770 shares of the company’s stock, valued at approximately $6,691,201.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sean Michael Oconnor sold 18,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $101.34, for a total transaction of $1,884,924.00. Following the completion of the sale, the chief executive officer now directly owns 331,659 shares of the company’s stock, valued at $33,610,323.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,034 shares of company stock worth $2,707,765. Insiders own 16.79% of the company’s stock.

StoneX Group Price Performance

NASDAQ SNEX opened at $95.77 on Friday. StoneX Group Inc. has a 52 week low of $60.76 and a 52 week high of $103.00. The company has a current ratio of 1.39, a quick ratio of 1.06 and a debt-to-equity ratio of 1.43. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 9.57 and a beta of 0.99. The company has a 50-day moving average price of $95.93 and a two-hundred day moving average price of $89.57.

StoneX Group (NASDAQ:SNEX – Get Rating) last posted its earnings results on Monday, November 21st. The company reported $2.49 EPS for the quarter, topping the consensus estimate of $1.93 by $0.56. StoneX Group had a net margin of 0.31% and a return on equity of 20.89%. The firm had revenue of $583.40 million during the quarter, compared to analysts’ expectations of $518.10 million. Analysts forecast that StoneX Group Inc. will post 8.71 EPS for the current year.

About StoneX Group

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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.