Mirae Asset Global Investments Co. Ltd. Makes New Investment in StoneX Group Inc. (NASDAQ:SNEX)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the fourth quarter, Holdings Channel.com reports. The fund purchased 12,065 shares of the company’s stock, valued at approximately $891,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System increased its holdings in StoneX Group by 81.3% in the 4th quarter. New York State Teachers Retirement System now owns 30,621 shares of the company’s stock valued at $2,261,000 after purchasing an additional 13,732 shares during the last quarter. Allworth Financial LP lifted its position in 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 acquiring an additional 270 shares during the last quarter. International Assets Investment Management LLC lifted its position in StoneX Group by 10,975.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,430 shares of the company’s stock valued at $327,000 after acquiring an additional 4,390 shares during the last quarter. Arizona State Retirement System increased its stake in StoneX Group by 47.6% in the fourth quarter. Arizona State Retirement System now owns 7,848 shares of the company’s stock valued at $579,000 after purchasing an additional 2,531 shares during the period. Finally, Chatham Capital Group Inc. acquired a new position in StoneX Group in the fourth quarter valued at $1,058,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Trading Up 2.8 %

Shares of StoneX Group stock opened at $69.56 on Wednesday. StoneX Group Inc. has a 52-week low of $49.62 and a 52-week high of $74.01. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.87. The company’s 50-day simple moving average is $67.60 and its 200-day simple moving average is $66.34. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 9.70 and a beta of 0.87.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.46. StoneX Group had a net margin of 0.34% and a return on equity of 17.48%. The business had revenue of $784.20 million for the quarter, compared to analyst estimates of $781.80 million. As a group, equities research analysts anticipate that StoneX Group Inc. will post 7.64 earnings per share for the current year.

Insider Transactions at StoneX Group

In other news, Director Scott J. Branch sold 7,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total transaction of $479,025.00. Following the transaction, the director now directly owns 519,934 shares in the company, valued at $33,208,184.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Scott J. Branch sold 7,500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total transaction of $479,025.00. Following the transaction, the director now directly owns 519,934 shares in the company, valued at $33,208,184.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Philip Andrew Smith sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $69.73, for a total transaction of $488,110.00. Following the transaction, the chief executive officer now owns 233,898 shares in the company, valued at $16,309,707.54. The disclosure for this sale can be found here. Insiders have sold a total of 56,348 shares of company stock worth $3,769,436 over the last ninety days. 16.24% of the stock is currently owned by company insiders.

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.