US Bancorp DE Raises Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

US Bancorp DE raised its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 32.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,695 shares of the company’s stock after buying an additional 420 shares during the period. US Bancorp DE’s holdings in StoneX Group were worth $129,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ridgewood Investments LLC boosted its holdings in StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock worth $34,000 after buying an additional 150 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock worth $57,000 after purchasing an additional 357 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of StoneX Group by 74,100.0% during the 1st quarter. IFP Advisors Inc now owns 742 shares of the company’s stock worth $57,000 after purchasing an additional 741 shares during the last quarter. CWM LLC raised its position in shares of StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company’s stock valued at $62,000 after buying an additional 355 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of StoneX Group by 4,057.1% during the 1st quarter. Larson Financial Group LLC now owns 1,164 shares of the company’s stock valued at $89,000 after buying an additional 1,136 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Performance

NASDAQ:SNEX opened at $91.97 on Friday. The company has a fifty day simple moving average of $91.24 and a two-hundred day simple moving average of $84.50. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 15.67 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 52 week low of $50.31 and a 52 week high of $100.40.

StoneX Group (NASDAQ:SNEX) last issued its 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). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. As a group, equities analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insider Activity

In other StoneX Group news, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the transaction, the director owned 115,749 shares in the company, valued at $11,111,904. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Philip Andrew Smith sold 7,500 shares of the company’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the transaction, the chief executive officer owned 327,754 shares of the company’s stock, valued at $27,426,454.72. This represents a 2.24% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,305 shares of company stock worth $3,859,233. 11.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Zacks Research raised StoneX Group to a “strong-buy” rating in a research report on Friday, August 8th.

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.