Wealth Enhancement Advisory Services LLC Grows Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Wealth Enhancement Advisory Services LLC lifted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,024 shares of the company’s stock after acquiring an additional 711 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in StoneX Group were worth $492,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SNEX. Jefferies Financial Group Inc. raised its position in StoneX Group by 1,386.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 37,300 shares of the company’s stock valued at $3,654,000 after purchasing an additional 34,790 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of StoneX Group in the fourth quarter valued at $312,000. Ashford Capital Management Inc. grew its stake in shares of StoneX Group by 4.7% in the fourth quarter. Ashford Capital Management Inc. now owns 293,350 shares of the company’s stock valued at $28,740,000 after buying an additional 13,120 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of StoneX Group by 24.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,052 shares of the company’s stock valued at $6,765,000 after buying an additional 13,614 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in StoneX Group by 39.7% during the 4th quarter. Voloridge Investment Management LLC now owns 126,349 shares of the company’s stock worth $12,378,000 after acquiring an additional 35,922 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, President Charles M. Lyon sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the completion of the sale, the president now owns 122,080 shares in the company, valued at $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total transaction of $98,718.75. Following the completion of the transaction, the director now owns 116,735 shares of the company’s stock, valued at $10,243,496.25. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,582 shares of company stock worth $11,649,213. Corporate insiders own 11.70% of the company’s stock.

StoneX Group Trading Up 0.1%

NASDAQ SNEX opened at $85.15 on Friday. 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 firm has a market cap of $4.17 billion, a price-to-earnings ratio of 10.17 and a beta of 0.53. The firm has a 50 day simple moving average of $84.52 and a 200-day simple moving average of $76.86. StoneX Group Inc. has a one year low of $46.43 and a one year high of $97.17.

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