Strs Ohio Increases Stake in StoneX Group Inc. (NASDAQ:SNEX)

Strs Ohio raised its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,300 shares of the company’s stock after buying an additional 2,100 shares during the period. Strs Ohio’s holdings in StoneX Group were worth $465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of StoneX Group by 49.5% in the fourth quarter. Allworth Financial LP now owns 815 shares of the company’s stock worth $60,000 after purchasing an additional 270 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of StoneX Group in the third quarter worth approximately $29,000. Rhumbline Advisers boosted its position in shares of StoneX Group by 0.6% in the third quarter. Rhumbline Advisers now owns 58,605 shares of the company’s stock worth $5,680,000 after purchasing an additional 378 shares during the period. Millington Financial Advisors LLC boosted its position in shares of StoneX Group by 3.4% in the third quarter. Millington Financial Advisors LLC now owns 13,437 shares of the company’s stock worth $1,302,000 after purchasing an additional 439 shares during the period. Finally, Mariner LLC boosted its position in shares of StoneX Group by 0.8% in the third quarter. Mariner LLC now owns 53,551 shares of the company’s stock worth $5,190,000 after purchasing an additional 443 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at StoneX Group

In related news, CEO Philip Andrew Smith sold 7,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $69.73, for a total transaction of $488,110.00. Following the completion of the transaction, the chief executive officer now directly owns 233,898 shares of the company’s stock, valued at $16,309,707.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other StoneX Group news, CEO Charles M. Lyon sold 15,552 shares of StoneX Group stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $65.11, for a total value of $1,012,590.72. Following the completion of the transaction, the chief executive officer now directly owns 61,557 shares of the company’s stock, valued at approximately $4,007,976.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Philip Andrew Smith sold 7,000 shares of StoneX Group stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $69.73, for a total transaction of $488,110.00. Following the completion of the transaction, the chief executive officer now directly owns 233,898 shares of the company’s stock, valued at $16,309,707.54. 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. Corporate insiders own 16.24% of the company’s stock.

StoneX Group Stock Performance

SNEX opened at $71.55 on Monday. 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 company has a 50 day simple moving average of $67.85 and a two-hundred day simple moving average of $66.50. StoneX Group Inc. has a 1-year low of $49.62 and a 1-year high of $74.01. The firm has a market cap of $2.26 billion, a P/E ratio of 9.98 and a beta of 0.87.

StoneX Group (NASDAQ:SNEX) last posted its earnings results 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. The company had revenue of $784.20 million during 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%. Equities analysts forecast that StoneX Group Inc. will post 7.64 earnings per share for the current fiscal year.

StoneX Group 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.