StoneX Group Inc. (NASDAQ:SNEX) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC grew its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 52.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,834 shares of the company’s stock after purchasing an additional 40,685 shares during the quarter. Foundry Partners LLC’s holdings in StoneX Group were worth $9,077,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. lifted its position in StoneX Group by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company’s stock valued at $284,000 after purchasing an additional 119 shares during the last quarter. Focus Partners Wealth increased its position in shares of StoneX Group by 2.1% in the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company’s stock worth $794,000 after acquiring an additional 164 shares in the last quarter. MRP Capital Investments LLC increased its position in shares of StoneX Group by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 17,391 shares of the company’s stock worth $1,704,000 after acquiring an additional 175 shares in the last quarter. Hohimer Wealth Management LLC increased its position in shares of StoneX Group by 4.5% in the first quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company’s stock worth $543,000 after acquiring an additional 306 shares in the last quarter. Finally, CWM LLC grew its position in StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company’s stock valued at $62,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Price Performance

NASDAQ:SNEX opened at $93.65 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $88.37 and a 200 day simple moving average of $81.10. StoneX Group Inc. has a 1-year low of $47.69 and a 1-year high of $99.08. The stock has a market capitalization of $4.58 billion, a PE ratio of 15.86 and a beta of 0.54.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. The company had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. On average, research analysts expect that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO Philip Andrew Smith sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the sale, the chief executive officer owned 327,754 shares of the company’s stock, valued at $27,426,454.72. This trade represents a 2.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Abigail H. Perkins sold 16,098 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the transaction, the insider owned 31,076 shares in the company, valued at approximately $2,642,703.04. This represents a 34.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,262 shares of company stock worth $10,534,329 over the last quarter. 11.70% of the stock is currently owned by corporate insiders.

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.