StoneX Group Inc. (NASDAQ:SNEX) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 173.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,646 shares of the company’s stock after buying an additional 3,582 shares during the quarter. Handelsbanken Fonder AB’s holdings in StoneX Group were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNEX. Tidal Investments LLC acquired a new stake in shares of StoneX Group during the 4th quarter worth about $16,557,000. JPMorgan Chase & Co. increased its stake in StoneX Group by 104.3% in the fourth quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company’s stock valued at $32,260,000 after purchasing an additional 168,098 shares during the last quarter. American Century Companies Inc. lifted its position in shares of StoneX Group by 17.7% during the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock worth $99,364,000 after buying an additional 152,847 shares during the last quarter. Norges Bank purchased a new stake in shares of StoneX Group during the 4th quarter worth approximately $10,551,000. Finally, Raymond James Financial Inc. acquired a new position in shares of StoneX Group in the 4th quarter valued at $10,276,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Trading Down 1.1%

NASDAQ:SNEX opened at $84.24 on Monday. The company has a market capitalization of $4.12 billion, a PE ratio of 10.06 and a beta of 0.53. StoneX Group Inc. has a 52-week low of $46.71 and a 52-week high of $97.17. The stock’s 50 day moving average price is $84.81 and its 200 day moving average price is $77.06. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. The firm 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%. On average, research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Philip Andrew Smith sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $69.56, for a total transaction of $626,040.00. Following the completion of the sale, the chief executive officer now owns 342,711 shares in the company, valued at $23,838,977.16. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John Radziwill acquired 1,400 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the purchase, the chairman now directly owns 100,240 shares in the company, valued at $8,520,400. This trade represents a 1.42% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 137,582 shares of company stock valued at $11,649,213. Insiders own 11.70% 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.