StoneX Group Inc. (NASDAQ:SNEX) Holdings Raised by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC increased its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,880 shares of the company’s stock after purchasing an additional 1,293 shares during the quarter. Cadent Capital Advisors LLC’s holdings in StoneX Group were worth $296,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in shares of StoneX Group during the 4th quarter worth approximately $31,000. GAMMA Investing LLC boosted its position in StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after purchasing an additional 357 shares during the period. Smartleaf Asset Management LLC grew its stake in StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock worth $64,000 after buying an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in StoneX Group during the 4th quarter worth $75,000. Finally, Bessemer Group Inc. increased its position in StoneX Group by 145.2% in the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company’s stock worth $168,000 after buying an additional 1,015 shares during the period. 75.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at StoneX Group

In related news, insider Abigail H. Perkins sold 10,112 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.25, for a total transaction of $851,936.00. Following the sale, the insider now owns 37,616 shares of the company’s stock, valued at $3,169,148. The trade was a 21.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Charles M. Lyon sold 17,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $87.92, for a total value of $1,494,640.00. Following the transaction, the president now directly owns 122,080 shares of the company’s stock, valued at approximately $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,792 shares of company stock valued at $13,870,123. 11.70% of the stock is currently owned by corporate insiders.

StoneX Group Price Performance

NASDAQ SNEX opened at $84.91 on Wednesday. The company has a 50-day moving average price of $85.30 and a two-hundred day moving average price of $77.23. StoneX Group Inc. has a 52 week low of $47.33 and a 52 week high of $97.17. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 14.38 and a beta of 0.53. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data 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. The business had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. Analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current 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.