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

Northern Trust Corp lifted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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’s holdings in StoneX Group were worth $32,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNEX. Tudor Investment Corp ET AL bought a new stake in StoneX Group in the fourth quarter worth $273,000. Aquatic Capital Management LLC bought a new position in StoneX Group in the 4th quarter worth about $263,000. Susquehanna Fundamental Investments LLC purchased a new stake in StoneX Group during the 4th quarter valued at about $3,211,000. Nebula Research & Development LLC increased its stake in StoneX Group by 102.4% during the 4th quarter. Nebula Research & Development LLC now owns 11,504 shares of the company’s stock valued at $1,127,000 after purchasing an additional 5,821 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new position in StoneX Group in the fourth quarter worth about $299,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of StoneX Group in a report on Wednesday, March 26th. They set an “outperform” rating on the stock.

StoneX Group Stock Up 0.9 %

StoneX Group stock opened at $88.63 on Friday. StoneX Group Inc. has a 12 month low of $46.43 and a 12 month high of $97.17. The stock has a fifty day simple moving average of $79.80 and a two-hundred day simple moving average of $73.21. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 10.59 and a beta of 0.63.

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

Insider Transactions at StoneX Group

In other news, CEO Philip Andrew Smith sold 7,457 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $93.26, for a total value of $695,439.82. Following the transaction, the chief executive officer now directly owns 335,254 shares in the company, valued at $31,265,788.04. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Glenn Henry Stevens sold 22,500 shares of StoneX Group stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $78.55, for a total value of $1,767,300.00. Following the completion of the sale, the insider now directly owns 116,946 shares of the company’s stock, valued at $9,185,718.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,457 shares of company stock worth $10,065,594 over the last three months. 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.