January 30, 2023

Comerica Bank reduced its position in shares of StoneX Group Inc. (NASDAQ:SNEX – Get Rating) by 10.0% in the third quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The fund owned 13,185 shares of the company after selling 1,460 shares during the quarter. Comerica Bank owned 0.07% of StoneX Group worth $1,206,000 at the end of the last reporting period.

Other major investors have recently increased or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in StoneX Group by 3.9% during the second quarter. Janney Montgomery Scott LLC now owns 8,198 shares of the company’s stock valued at $623,000 after purchasing an additional 307 shares last quarter. KBC Group NV acquired a new stake in StoneX Group worth USD 112,000 in the second quarter. The State of New Jersey Common Pension Fund D acquired a $2,470,000 new stake in StoneX Group during the second quarter. Yorktown Management & Research Co Inc acquired a $344,000 new stake in StoneX Group during the second quarter. Finally, Allspring Global Investments Holdings LLC increased its position in StoneX Group by 546.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,247 shares of the company’s stock valued at $1,679,000 after purchasing an additional 17,114 shares during the period. 75.53% of the shares are currently owned by institutional investors.

Price development of the StoneX Group

Shares of the NASDAQ SNEX opened at $84.61 on Tuesday. StoneX Group Inc. has a 1 year low of $60.76 and a 1 year high of $103.00. The company has a leverage ratio of 1.43, a current ratio of 1.39 and a quick ratio of 1.06. The company’s 50-day moving average price is $96.04 and its 200-day moving average price is $90.87. The company has a market cap of $1.73 billion, a P/E of 8.45 and a beta of 0.99.

StoneX Group (NASDAQ:SNEX – Get Rating) last announced its earnings results on Monday, November 21st. The company reported earnings per share of $2.49 for the quarter, beating the consensus estimate of $1.93 by $0.56. StoneX Group had a return on equity of 20.89% and a net margin of 0.31%. The company had revenue of $583.40 million for the quarter, compared to analyst estimates of $518.10 million. On average, research analysts expect StoneX Group Inc. to post 9.07 EPS for the year to date.

insider activity

Also on Tuesday, November 22, CEO Sean Michael Oconnor sold 18,600 shares of the company’s stock in a transaction. The stock sold at an average price of $101.34 for a total transaction of $1,884,924.00. Following the transaction, the Chief Executive Officer now directly owns 331,659 shares of the Company, valued at $33,610,323.06. The sale was disclosed in a filing with the Securities & Exchange Commission, available through the SEC’s website. Also on Tuesday, November 22, CEO Sean Michael Oconnor sold 18,600 shares of the company’s stock in a transaction. The stock sold at an average price of $101.34 for a total transaction of $1,884,924.00. Following the transaction, the Chief Executive Officer now directly owns 331,659 shares of the Company, valued at $33,610,323.06. The sale was disclosed in a filing with the Securities & Exchange Commission, available through the SEC’s website. Also on Wednesday, December 21, CFO William J. Dunaway sold 2,823 shares of the company’s shares in a transaction. The shares sold at an average price of $97.95 for a total value of $276,512.85. Following the transaction, the Chief Financial Officer now directly owns 68,947 shares of the Company, valued at $6,753,358.65. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 27,034 shares of the company’s shares, valued at $2,707,765. Company insiders own 15.98% of the company’s shares.

About the StoneX Group

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StoneX Group Inc operates as a global financial services network connecting companies, organizations, traders and investors to a worldwide marketplace ecosystem. The Company operates through Commercial, Institutional, Retail and Global Payments segments. The Commercial segment provides risk management and hedging, execution and clearing of exchange-traded and OTC products, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.

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Institutional Ownership by Quarter for StoneX Group (NASDAQ:SNEX)

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