Motley Fool Asset Management LLC Increases Position in StoneX Group Inc. (NASDAQ:SNEX)

Motley Fool Asset Management LLC lifted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 56.4% during the fourth quarter, Holdings Channel reports. The fund owned 134,181 shares of the company’s stock after purchasing an additional 48,385 shares during the quarter. Motley Fool Asset Management LLC’s holdings in StoneX Group were worth $9,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Parkside Financial Bank & Trust increased its position in shares of StoneX Group by 45.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 601 shares of the company’s stock worth $44,000 after acquiring an additional 187 shares during the last quarter. Allworth Financial LP increased its position in shares of StoneX Group by 49.5% during the fourth quarter. Allworth Financial LP now owns 815 shares of the company’s stock worth $60,000 after acquiring an additional 270 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of StoneX Group during the third quarter worth about $29,000. Rhumbline Advisers increased its position in shares of StoneX Group by 0.6% during the third quarter. Rhumbline Advisers now owns 58,605 shares of the company’s stock worth $5,680,000 after acquiring an additional 378 shares during the last quarter. Finally, Naples Money Management LLC purchased a new stake in shares of StoneX Group during the fourth quarter worth about $30,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Up 1.4 %

Shares of NASDAQ SNEX traded up $0.99 during midday trading on Thursday, reaching $70.96. 111,079 shares of the company’s stock were exchanged, compared to its average volume of 124,350. StoneX Group Inc. has a 52-week low of $49.62 and a 52-week high of $74.01. The stock has a market capitalization of $2.24 billion, a PE ratio of 9.90 and a beta of 0.87. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.20 and a current ratio of 1.59. The business’s fifty day moving average price is $67.75 and its two-hundred day moving average price is $66.40.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.46. The firm had revenue of $784.20 million during the quarter, compared to analyst estimates of $781.80 million. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. Analysts forecast that StoneX Group Inc. will post 7.64 EPS for the current year.

Insider Activity at StoneX Group

In related news, Director John Moore Fowler sold 600 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $68.94, for a total value of $41,364.00. Following the completion of the sale, the director now directly owns 83,878 shares of the company’s stock, valued at $5,782,549.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other StoneX Group news, Director John Moore Fowler sold 600 shares of StoneX Group stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $68.94, for a total value of $41,364.00. Following the completion of the transaction, the director now directly owns 83,878 shares in the company, valued at $5,782,549.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles M. Lyon sold 15,552 shares of StoneX Group stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $65.11, for a total value of $1,012,590.72. Following the completion of the transaction, the chief executive officer now owns 61,557 shares of the company’s stock, valued at $4,007,976.27. The disclosure for this sale can be found here. Insiders sold a total of 56,348 shares of company stock valued at $3,769,436 over the last three months. 16.24% of the stock is owned by insiders.

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.