StoneX Group Inc. (NASDAQ:SNEX) Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 32.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 12,608 shares of the company’s stock after buying an additional 3,098 shares during the quarter. Maryland State Retirement & Pension System’s holdings in StoneX Group were worth $963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in StoneX Group by 51.3% during the 1st quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company’s stock valued at $220,068,000 after purchasing an additional 976,587 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of StoneX Group by 16.0% in the first quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company’s stock valued at $107,593,000 after buying an additional 193,921 shares during the period. Perpetual Ltd bought a new position in StoneX Group during the first quarter valued at about $64,679,000. T. Rowe Price Investment Management Inc. grew its holdings in StoneX Group by 2.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company’s stock worth $51,050,000 after acquiring an additional 10,222 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in StoneX Group by 4.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company’s stock worth $49,814,000 after acquiring an additional 20,928 shares during the period. Institutional investors own 75.93% of the company’s stock.

Insider Activity at StoneX Group

In related news, CEO Philip Andrew Smith sold 7,500 shares of StoneX Group stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the transaction, the chief executive officer directly owned 327,754 shares in the company, valued at $27,426,454.72. The trade was a 2.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Moore Fowler sold 1,125 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the transaction, the director owned 115,749 shares of the company’s stock, valued at $11,111,904. This trade represents a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,430 shares of company stock worth $6,582,552. 11.70% of the stock is owned by corporate insiders.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $89.41 on Tuesday. StoneX Group Inc. has a twelve month low of $50.31 and a twelve month high of $100.40. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 15.23 and a beta of 0.57. The firm has a 50-day moving average of $90.65 and a two-hundred day moving average of $84.04.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.17). StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. As a group, analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

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.