Envestnet Asset Management Inc. Buys 56,174 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Envestnet Asset Management Inc. grew its position in StoneX Group Inc. (NASDAQ:SNEX) by 59.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,027 shares of the company’s stock after purchasing an additional 56,174 shares during the period. Envestnet Asset Management Inc. owned approximately 0.31% of StoneX Group worth $11,459,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. grew its stake in 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 purchasing an additional 152,847 shares in the last quarter. Perpetual Ltd acquired a new position in shares of StoneX Group during the 1st quarter worth about $64,679,000. Geode Capital Management LLC boosted its position in shares of StoneX Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company’s stock worth $66,372,000 after acquiring an additional 6,076 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of StoneX Group by 2.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company’s stock worth $51,050,000 after acquiring an additional 10,222 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of StoneX Group by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company’s stock worth $49,814,000 after acquiring an additional 20,928 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insider Activity at StoneX Group

In other StoneX Group news, Chairman John Radziwill purchased 1,400 shares of the firm’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 transaction, the chairman owned 100,240 shares in the company, valued at $8,520,400. The trade was a 1.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Abigail H. Perkins sold 16,098 shares of StoneX Group stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $85.04, for a total transaction of $1,368,973.92. Following the transaction, the insider directly owned 31,076 shares of the company’s stock, valued at $2,642,703.04. This represents a 34.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,262 shares of company stock worth $10,534,329 over the last ninety days. Company insiders own 11.70% of the company’s stock.

StoneX Group Price Performance

NASDAQ SNEX opened at $93.65 on Friday. The stock has a market capitalization of $4.58 billion, a P/E ratio of 15.86 and a beta of 0.54. StoneX Group Inc. has a 1 year low of $47.69 and a 1 year high of $99.08. The business’s fifty day moving average is $88.37 and its two-hundred day moving average is $81.21. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $907.30 million. On average, research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, William Blair started coverage on StoneX Group in a research report on Wednesday, March 26th. They set 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.