Northern Trust Corp Purchases 30,248 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Northern Trust Corp lifted its position in StoneX Group Inc. (NASDAQ:SNEX) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,456 shares of the company’s stock after purchasing an additional 30,248 shares during the quarter. Northern Trust Corp owned 1.05% of StoneX Group worth $32,865,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in StoneX Group in the fourth quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its stake in shares of StoneX Group by 250.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock valued at $64,000 after purchasing an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of StoneX Group during the 4th quarter valued at $75,000. KBC Group NV raised its position in StoneX Group by 39.0% in the 4th quarter. KBC Group NV now owns 1,309 shares of the company’s stock worth $128,000 after purchasing an additional 367 shares during the period. Finally, USA Financial Formulas purchased a new stake in StoneX Group during the fourth quarter valued at about $129,000. 75.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Glenn Henry Stevens sold 22,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the transaction, the insider now owns 116,946 shares in the company, valued at $9,185,718.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Philip Andrew Smith sold 7,457 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $93.26, for a total transaction of $695,439.82. Following the completion of the transaction, the chief executive officer now directly owns 335,254 shares of the company’s stock, valued at approximately $31,265,788.04. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,457 shares of company stock valued at $10,065,594 over the last ninety days. 11.70% of the stock is owned by insiders.

StoneX Group Stock Performance

NASDAQ:SNEX opened at $88.63 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. StoneX Group Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $97.17. The firm has a market cap of $4.27 billion, a PE ratio of 10.59 and a beta of 0.63. The business has a 50 day moving average price of $79.80 and a 200-day moving average price of $73.21.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. The business had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. Equities research analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Analysts Set New Price Targets

Separately, William Blair assumed coverage on StoneX Group in a research note on Wednesday, March 26th. They issued an “outperform” rating for the company.

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.