StoneX Group Inc. (NASDAQ:SNEX) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in StoneX Group Inc. (NASDAQ:SNEX) by 35.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 459 shares of the company’s stock after selling 257 shares during the quarter. US Bancorp DE’s holdings in StoneX Group were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SNEX. Envestnet Asset Management Inc. acquired a new stake in shares of StoneX Group during the 1st quarter worth about $297,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of StoneX Group during the 1st quarter worth about $208,000. Bank of New York Mellon Corp increased its position in shares of StoneX Group by 5.0% during the 1st quarter. Bank of New York Mellon Corp now owns 172,394 shares of the company’s stock worth $12,797,000 after purchasing an additional 8,153 shares during the last quarter. Citigroup Inc. increased its position in shares of StoneX Group by 14.9% during the 1st quarter. Citigroup Inc. now owns 14,836 shares of the company’s stock worth $1,102,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of StoneX Group by 5.5% during the 1st quarter. Bank of Montreal Can now owns 5,213 shares of the company’s stock worth $394,000 after purchasing an additional 272 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman John Radziwill acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was acquired at an average price of $87.25 per share, for a total transaction of $87,250.00. Following the purchase, the chairman now owns 40,030 shares of the company’s stock, valued at approximately $3,492,617.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other StoneX Group news, Chairman John Radziwill bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average price of $87.25 per share, for a total transaction of $87,250.00. Following the completion of the purchase, the chairman now directly owns 40,030 shares in the company, valued at $3,492,617.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Moore Fowler sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $90.00, for a total value of $27,000.00. Following the sale, the director now owns 55,459 shares of the company’s stock, valued at approximately $4,991,310. The disclosure for this sale can be found here. Company insiders own 15.45% of the company’s stock.

StoneX Group Stock Up 0.4 %

Shares of NASDAQ:SNEX opened at $94.23 on Friday. The business has a 50-day moving average price of $91.41 and a 200 day moving average price of $93.14. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 8.33 and a beta of 0.92. StoneX Group Inc. has a 12-month low of $74.43 and a 12-month high of $106.35.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, August 2nd. The company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.92. The company had revenue of $776.90 million during the quarter, compared to the consensus estimate of $686.60 million. StoneX Group had a return on equity of 18.51% and a net margin of 0.40%. Sell-side analysts expect that StoneX Group Inc. will post 10.27 EPS for the current year.

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.