StoneX Group Inc. (NASDAQ:SNEX) Stock Position Reduced by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in StoneX Group Inc. (NASDAQ:SNEX) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,792 shares of the company’s stock after selling 7,847 shares during the period. Nuveen Asset Management LLC owned about 0.38% of StoneX Group worth $12,030,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in StoneX Group in the fourth quarter worth $31,000. Smartleaf Asset Management LLC boosted its holdings in StoneX Group by 250.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock valued at $64,000 after acquiring an additional 469 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of StoneX Group during the fourth quarter worth approximately $75,000. KBC Group NV increased its holdings in shares of StoneX Group by 39.0% during the 4th quarter. KBC Group NV now owns 1,309 shares of the company’s stock worth $128,000 after purchasing an additional 367 shares during the period. Finally, Bessemer Group Inc. grew its position in StoneX Group by 145.2% during the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company’s stock worth $168,000 after buying an additional 1,015 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

StoneX Group Price Performance

NASDAQ:SNEX opened at $85.53 on Tuesday. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 10.22 and a beta of 0.63. The company has a 50-day moving average of $82.37 and a 200-day moving average of $75.29.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. The business had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. As a group, equities research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on StoneX Group in a research report on Wednesday, March 26th. They issued an “outperform” rating for the company.

Insider Activity at StoneX Group

In related news, Chairman Sean Michael Oconnor sold 34,083 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $89.63, for a total value of $3,054,859.29. Following the transaction, the chairman now owns 1,023,084 shares in the company, valued at $91,699,018.92. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Andrew Smith sold 9,000 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $69.56, for a total transaction of $626,040.00. Following the completion of the transaction, the chief executive officer now directly owns 342,711 shares in the company, valued at $23,838,977.16. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 130,082 shares of company stock valued at $11,021,613 in the last ninety days. Insiders own 11.70% of the company’s stock.

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.