PNC Financial Services Group Inc. Has $833,000 Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

PNC Financial Services Group Inc. lifted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 48.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,910 shares of the company’s stock after purchasing an additional 3,582 shares during the quarter. PNC Financial Services Group Inc.’s holdings in StoneX Group were worth $833,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SNEX. Sequoia Financial Advisors LLC acquired a new stake in StoneX Group in the first quarter valued at about $251,000. Wealth Enhancement Advisory Services LLC boosted its stake in StoneX Group by 51.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,622 shares of the company’s stock valued at $582,000 after buying an additional 2,598 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in StoneX Group by 49.7% in the first quarter. Crossmark Global Holdings Inc. now owns 3,351 shares of the company’s stock valued at $256,000 after buying an additional 1,112 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in StoneX Group by 55.1% in the first quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company’s stock valued at $1,804,000 after buying an additional 8,390 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in StoneX Group by 283.1% in the first quarter. Bessemer Group Inc. now owns 6,567 shares of the company’s stock valued at $502,000 after buying an additional 4,853 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Stock Performance

NASDAQ:SNEX opened at $89.41 on Tuesday. The stock’s 50-day simple moving average is $90.65 and its 200 day simple moving average is $84.04. The firm has a market capitalization of $4.66 billion, a PE ratio of 15.23 and a beta of 0.57. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. StoneX Group Inc. has a twelve month low of $50.31 and a twelve month high of $100.40.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. On average, analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Insider Activity

In other StoneX Group news, President Charles M. Lyon sold 13,000 shares of StoneX Group stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total value of $1,129,960.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Philip Andrew Smith sold 7,500 shares of StoneX Group stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the completion of the sale, the chief executive officer owned 327,754 shares of the company’s stock, valued at approximately $27,426,454.72. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,430 shares of company stock valued at $6,582,552. 11.70% of the stock is currently owned by company insiders.

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.