LPL Financial LLC Boosts Stake in StoneX Group Inc. $SNEX

LPL Financial LLC grew its stake in StoneX Group Inc. (NASDAQ:SNEX) by 58.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,777 shares of the company’s stock after acquiring an additional 13,982 shares during the period. LPL Financial LLC owned 0.08% of StoneX Group worth $2,885,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock worth $57,000 after acquiring an additional 357 shares in the last quarter. IFP Advisors Inc grew its stake in StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company’s stock worth $57,000 after acquiring an additional 741 shares in the last quarter. CWM LLC grew its stake in StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company’s stock worth $62,000 after acquiring an additional 355 shares in the last quarter. Larson Financial Group LLC grew its stake in StoneX Group by 4,057.1% in the 1st quarter. Larson Financial Group LLC now owns 1,164 shares of the company’s stock worth $89,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Allworth Financial LP grew its stake in StoneX Group by 52.6% in the 1st quarter. Allworth Financial LP now owns 1,244 shares of the company’s stock worth $95,000 after acquiring an additional 429 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, Chairman John Radziwill acquired 1,400 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the purchase, the chairman owned 100,240 shares in the company, valued at approximately $8,520,400. This trade represents a 1.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 327,754 shares in the company, valued at approximately $27,426,454.72. This represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,305 shares of company stock valued at $3,859,233 in the last ninety days. Company insiders own 11.70% of the company’s stock.

StoneX Group Price Performance

Shares of SNEX stock opened at $91.97 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The company’s 50-day simple moving average is $91.24 and its two-hundred day simple moving average is $84.57. StoneX Group Inc. has a one year low of $50.31 and a one year high of $100.40. The company has a market capitalization of $4.80 billion, a P/E ratio of 15.67 and a beta of 0.57.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 earnings per share (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 business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $923.10 million. As a group, equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of StoneX Group to a “strong-buy” rating in a research note on Friday, August 8th.

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.