StoneX Group Inc. (NASDAQ:SNEX) Shares Bought by Ashford Capital Management Inc.

Ashford Capital Management Inc. lifted its position in StoneX Group Inc. (NASDAQ:SNEX) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,350 shares of the company’s stock after acquiring an additional 13,120 shares during the period. StoneX Group makes up approximately 3.4% of Ashford Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Ashford Capital Management Inc. owned 0.91% of StoneX Group worth $28,740,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SNEX. Tidal Investments LLC bought a new position in shares of StoneX Group during the 4th quarter valued at about $16,557,000. JPMorgan Chase & Co. raised its holdings in StoneX Group by 104.3% during the 4th quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company’s stock worth $32,260,000 after buying an additional 168,098 shares during the period. American Century Companies Inc. lifted its stake in StoneX Group by 17.7% in the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock valued at $99,364,000 after buying an additional 152,847 shares in the last quarter. Norges Bank acquired a new position in shares of StoneX Group in the fourth quarter valued at approximately $10,551,000. Finally, Raymond James Financial Inc. bought a new stake in shares of StoneX Group during the fourth quarter worth $10,276,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, William Blair began coverage on shares of StoneX Group in a research report 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 17,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the completion of the transaction, the president now directly owns 122,080 shares in the company, valued at $10,733,273.60. This represents a 12.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Philip Andrew Smith sold 9,000 shares of StoneX Group stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $69.56, for a total value of $626,040.00. Following the completion of the sale, the chief executive officer now directly owns 342,711 shares in the company, valued at approximately $23,838,977.16. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,082 shares of company stock worth $11,021,613. Insiders own 11.70% of the company’s stock.

StoneX Group Stock Performance

Shares of StoneX Group stock opened at $88.60 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 10.59 and a beta of 0.63. The stock’s 50-day moving average is $81.29 and its 200-day moving average is $74.51. StoneX Group Inc. has a one year low of $46.43 and a one year high of $97.17.

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

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.