Xponance Inc. Makes New $274,000 Investment in StoneX Group Inc. (NASDAQ:SNEX)

Xponance Inc. purchased a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,588 shares of the company’s stock, valued at approximately $274,000.

Other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its position in StoneX Group by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company’s stock valued at $284,000 after purchasing an additional 119 shares during the period. Focus Partners Wealth increased its position in StoneX Group by 2.1% during the 4th quarter. Focus Partners Wealth now owns 8,109 shares of the company’s stock valued at $794,000 after purchasing an additional 164 shares during the period. GAMMA Investing LLC increased its position in StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after purchasing an additional 357 shares during the period. State of Wyoming increased its position in StoneX Group by 8.9% during the 4th quarter. State of Wyoming now owns 4,589 shares of the company’s stock valued at $450,000 after purchasing an additional 375 shares during the period. Finally, Swiss National Bank increased its position in StoneX Group by 0.7% during the 4th quarter. Swiss National Bank now owns 56,250 shares of the company’s stock valued at $5,511,000 after purchasing an additional 400 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at StoneX Group

In other news, President Charles M. Lyon sold 13,000 shares of the firm’s stock in a transaction on 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 transaction, the president owned 122,080 shares in the company, valued at approximately $10,611,193.60. This trade represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Moore Fowler sold 1,125 shares of StoneX Group stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $87.75, for a total value of $98,718.75. Following the completion of the transaction, the director owned 116,735 shares in the company, valued at $10,243,496.25. This trade represents a 0.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,262 shares of company stock valued at $10,534,329. 11.70% of the stock is owned by company insiders.

StoneX Group Trading Up 2.0%

Shares of SNEX opened at $93.65 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. StoneX Group Inc. has a 1 year low of $47.69 and a 1 year high of $99.08. The company has a 50 day simple moving average of $88.37 and a two-hundred day simple moving average of $81.21. The firm has a market cap of $4.58 billion, a P/E ratio of 15.86 and a beta of 0.54.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 17.03% and a net margin of 0.24%. On average, equities analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

StoneX Group 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.