StoneX Group Inc. (NASDAQ:SNEX) Shares Sold by Private Capital Management LLC

Private Capital Management LLC trimmed its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 35.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,401 shares of the company’s stock after selling 104,992 shares during the period. StoneX Group comprises approximately 2.0% of Private Capital Management LLC’s holdings, making the stock its 19th largest holding. Private Capital Management LLC owned about 0.60% of StoneX Group worth $18,752,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SNEX. American Century Companies Inc. increased its position 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 worth $99,364,000 after buying an additional 152,847 shares during the period. Geode Capital Management LLC grew its position in StoneX Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company’s stock valued at $66,372,000 after buying an additional 6,076 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of StoneX Group by 2.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company’s stock valued at $51,050,000 after purchasing an additional 10,222 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of StoneX Group by 4.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company’s stock worth $49,814,000 after purchasing an additional 20,928 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in StoneX Group by 9.9% during the fourth quarter. Northern Trust Corp now owns 335,456 shares of the company’s stock worth $32,865,000 after buying an additional 30,248 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $87.62 on Thursday. StoneX Group Inc. has a 1-year low of $46.43 and a 1-year high of $97.17. The firm has a market capitalization of $4.29 billion, a PE ratio of 10.47 and a beta of 0.63. The business’s 50 day moving average is $80.40 and its 200-day moving average is $73.75. The company has a current ratio of 1.77, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.

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

Insider Activity at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 9,000 shares of StoneX Group stock in a transaction on Friday, April 4th. The stock was sold at an average price of $69.56, for a total value of $626,040.00. Following the completion of the transaction, the chief executive officer now owns 342,711 shares in the company, valued at approximately $23,838,977.16. The trade was a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Glenn Henry Stevens sold 22,500 shares of StoneX Group stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total value of $1,767,300.00. Following the completion of the transaction, the insider now owns 116,946 shares of the company’s stock, valued at approximately $9,185,718.48. The trade was a 16.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,457 shares of company stock valued at $10,065,594 in the last 90 days. 11.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.