Rhumbline Advisers Has $9.86 Million Stake in StoneX Group Inc. (NASDAQ:SNEX)

Rhumbline Advisers boosted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 45.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,081 shares of the company’s stock after purchasing an additional 40,603 shares during the period. Rhumbline Advisers owned about 0.27% of StoneX Group worth $9,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of StoneX Group during the fourth quarter worth $31,000. Smartleaf Asset Management LLC increased its position in shares of StoneX Group by 250.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock worth $64,000 after buying an additional 469 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in StoneX Group during the 4th quarter worth about $75,000. Bessemer Group Inc. grew its holdings in StoneX Group by 145.2% during the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company’s stock worth $168,000 after acquiring an additional 1,015 shares during the period. Finally, Handelsbanken Fonder AB acquired a new stake in StoneX Group during the 4th quarter worth about $202,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO Philip Andrew Smith sold 7,457 shares of StoneX Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $93.26, for a total transaction of $695,439.82. Following the completion of the transaction, the chief executive officer now directly owns 335,254 shares in the company, valued at $31,265,788.04. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Sean Michael Oconnor sold 34,083 shares of StoneX Group stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $89.63, for a total transaction of $3,054,859.29. Following the transaction, the chairman now owns 1,023,084 shares of the company’s stock, valued at $91,699,018.92. This represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,082 shares of company stock worth $11,021,613. 11.70% of the stock is currently owned by company insiders.

StoneX Group Trading Down 0.6%

NASDAQ SNEX opened at $84.65 on Tuesday. The business has a 50 day simple moving average of $83.69 and a 200 day simple moving average of $76.63. StoneX Group Inc. has a one year low of $46.43 and a one year high of $97.17. The stock has a market capitalization of $4.14 billion, a P/E ratio of 10.11 and a beta of 0.53. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. The company had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current 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.