Louisiana State Employees Retirement System Takes $997,000 Position in StoneX Group Inc. (NASDAQ:SNEX)

Louisiana State Employees Retirement System purchased a new position in StoneX Group Inc. (NASDAQ:SNEX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,500 shares of the company’s stock, valued at approximately $997,000.

A number of other hedge funds also recently bought and sold shares of the company. Simplicity Solutions LLC boosted its stake in StoneX Group by 86.8% in the 4th quarter. Simplicity Solutions LLC now owns 6,312 shares of the company’s stock worth $466,000 after purchasing an additional 2,933 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of StoneX Group by 49.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 4,695 shares of the company’s stock valued at $347,000 after acquiring an additional 1,561 shares during the last quarter. Yorktown Management & Research Co Inc grew its stake in shares of StoneX Group by 50.0% in the fourth quarter. Yorktown Management & Research Co Inc now owns 9,600 shares of the company’s stock worth $709,000 after acquiring an additional 3,200 shares during the period. Allspring Global Investments Holdings LLC grew its position in StoneX Group by 59.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 29,608 shares of the company’s stock worth $2,186,000 after purchasing an additional 11,078 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of StoneX Group by 10,975.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,430 shares of the company’s stock valued at $327,000 after buying an additional 4,390 shares during the period. Institutional investors own 75.93% of the company’s stock.

StoneX Group Stock Performance

Shares of SNEX opened at $69.97 on Thursday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 9.76 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.59 and a quick ratio of 1.20. StoneX Group Inc. has a one year low of $49.62 and a one year high of $74.01. The business has a fifty day moving average of $67.68 and a 200 day moving average of $66.37.

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

Insider Buying and Selling at StoneX Group

In other StoneX Group news, Director Scott J. Branch sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total transaction of $479,025.00. Following the completion of the sale, the director now directly owns 519,934 shares of the company’s stock, valued at $33,208,184.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other StoneX Group news, CEO Philip Andrew Smith sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $69.73, for a total value of $488,110.00. Following the completion of the transaction, the chief executive officer now directly owns 233,898 shares in the company, valued at $16,309,707.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Scott J. Branch sold 7,500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $33,208,184.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,348 shares of company stock valued at $3,769,436. 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.