New York State Teachers Retirement System Buys 13,732 Shares of StoneX Group Inc. (NASDAQ:SNEX)

New York State Teachers Retirement System grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 81.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,621 shares of the company’s stock after buying an additional 13,732 shares during the period. New York State Teachers Retirement System’s holdings in StoneX Group were worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in StoneX Group during the third quarter worth about $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of StoneX Group by 160.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 420 shares of the company’s stock valued at $43,000 after purchasing an additional 259 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of StoneX Group during the 3rd quarter valued at about $41,000. Allworth Financial LP lifted its holdings in shares of StoneX Group by 49.5% during the 4th quarter. Allworth Financial LP now owns 815 shares of the company’s stock valued at $60,000 after purchasing an additional 270 shares in the last quarter. Finally, State of Wyoming lifted its holdings in shares of StoneX Group by 39.6% during the 2nd quarter. State of Wyoming now owns 1,244 shares of the company’s stock valued at $103,000 after purchasing an additional 353 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Insider Activity

In other news, Director Scott J. Branch sold 7,500 shares of StoneX Group stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $63.87, for a total transaction of $479,025.00. Following the transaction, the director now owns 519,934 shares in the company, valued at approximately $33,208,184.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John Moore Fowler sold 600 shares of StoneX Group stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $68.94, for a total value of $41,364.00. Following the sale, the director now owns 83,878 shares of the company’s stock, valued at approximately $5,782,549.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott J. Branch sold 7,500 shares of StoneX Group stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total value of $479,025.00. Following the completion of the sale, the director now directly owns 519,934 shares in the company, valued at approximately $33,208,184.58. The disclosure for this sale can be found here. Insiders have sold 56,348 shares of company stock worth $3,769,436 in the last 90 days. Corporate insiders own 16.24% of the company’s stock.

StoneX Group Trading Down 1.2 %

NASDAQ:SNEX opened at $64.44 on Wednesday. StoneX Group Inc. has a fifty-two week low of $49.62 and a fifty-two week high of $74.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.59 and a quick ratio of 1.20. The stock has a market capitalization of $2.03 billion, a PE ratio of 8.99 and a beta of 0.87. The business’s 50-day simple moving average is $67.47 and its 200-day simple moving average is $66.22.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.46. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. The business had revenue of $784.20 million for the quarter, compared to analysts’ expectations of $781.80 million. Sell-side analysts expect that StoneX Group Inc. will post 7.64 earnings per share for the current fiscal 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.