KBC Group NV Boosts Stake in StoneX Group Inc. (NASDAQ:SNEX)

KBC Group NV boosted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 50.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,963 shares of the company’s stock after buying an additional 654 shares during the period. KBC Group NV’s holdings in StoneX Group were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of StoneX Group by 250.8% in the 4th 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 in the 4th quarter valued at $75,000. Charles Schwab Investment Management Inc. increased its position in shares of StoneX Group by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 282,909 shares of the company’s stock valued at $27,717,000 after acquiring an additional 12,855 shares during the period. Atria Investments Inc increased its position in shares of StoneX Group by 11.1% in the 4th quarter. Atria Investments Inc now owns 9,016 shares of the company’s stock valued at $883,000 after acquiring an additional 904 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of StoneX Group in the 4th quarter valued at $10,276,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Price Performance

NASDAQ:SNEX opened at $93.78 on Monday. StoneX Group Inc. has a one year low of $47.69 and a one year high of $97.17. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 15.89 and a beta of 0.54. The firm’s fifty day moving average is $87.73 and its two-hundred day moving average is $79.34.

StoneX Group (NASDAQ:SNEX) last posted 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. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The company had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Insider Buying and Selling

In other StoneX Group news, insider Abigail H. Perkins sold 10,470 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the sale, the insider directly owned 43,913 shares of the company’s stock, valued at approximately $3,786,178.86. This represents a 19.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Charles M. Lyon sold 13,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $86.92, for a total transaction of $1,129,960.00. Following the sale, the president directly owned 122,080 shares in the company, valued at approximately $10,611,193.60. The trade was a 9.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,262 shares of company stock valued at $14,146,806 in the last 90 days. 11.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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