StoneX Group Inc. (NASDAQ:SNEX) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in StoneX Group Inc. (NASDAQ:SNEXGet Rating) by 7.8% during the 3rd quarter, Holdings Channel reports. The fund owned 8,840 shares of the company’s stock after purchasing an additional 642 shares during the quarter. Janney Montgomery Scott LLC’s holdings in StoneX Group were worth $733,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC purchased a new position in StoneX Group in the second quarter valued at $26,000. Gladius Capital Management LP purchased a new position in StoneX Group in the second quarter valued at $53,000. KBC Group NV purchased a new position in StoneX Group in the second quarter valued at $112,000. National Bank of Canada FI purchased a new position in StoneX Group in the third quarter valued at $191,000. Finally, USA Financial Portformulas Corp purchased a new position in shares of StoneX Group during the third quarter worth about $231,000. 75.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other StoneX Group news, CEO Sean Michael Oconnor sold 18,600 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was 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 owns 331,659 shares of the company’s stock, valued at $33,610,323.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director John Moore Fowler sold 300 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $101.25, for a total transaction of $30,375.00. Following the completion of the sale, the director now owns 54,802 shares in the company, valued at $5,548,702.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sean Michael Oconnor sold 18,600 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $101.34, for a total transaction of $1,884,924.00. Following the sale, the chief executive officer now owns 331,659 shares of the company’s stock, valued at approximately $33,610,323.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,034 shares of company stock valued at $2,707,765. 15.98% of the stock is currently owned by insiders.

StoneX Group Stock Performance

Shares of SNEX stock opened at $91.44 on Friday. The stock’s 50-day moving average is $96.09 and its two-hundred day moving average is $90.59. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 9.07 and a beta of 0.99. StoneX Group Inc. has a 1 year low of $60.76 and a 1 year high of $103.00. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.06 and a current ratio of 1.39.

StoneX Group (NASDAQ:SNEXGet Rating) last issued its quarterly earnings data on Monday, November 21st. The company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.56. The company had revenue of $583.40 million for the quarter, compared to analyst estimates of $518.10 million. StoneX Group had a return on equity of 20.89% and a net margin of 0.31%. Analysts predict that StoneX Group Inc. will post 9.07 earnings per share for the current year.

StoneX Group Company Profile

(Get Rating)

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.

Further Reading

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

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