Sawgrass Asset Management LLC Boosts Position in StoneX Group Inc. (NASDAQ:SNEX)

Sawgrass Asset Management LLC grew its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 44.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,450 shares of the company’s stock after acquiring an additional 1,062 shares during the quarter. Sawgrass Asset Management LLC’s holdings in StoneX Group were worth $255,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Van Berkom & Associates Inc. lifted its position in StoneX Group by 9.6% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,002,622 shares of the company’s stock worth $97,174,000 after buying an additional 87,538 shares during the last quarter. Punch & Associates Investment Management Inc. increased its stake in shares of StoneX Group by 5.5% during the third quarter. Punch & Associates Investment Management Inc. now owns 538,621 shares of the company’s stock valued at $52,203,000 after buying an additional 28,191 shares during the period. Ashford Capital Management Inc. grew its stake in StoneX Group by 1.7% in the third quarter. Ashford Capital Management Inc. now owns 255,730 shares of the company’s stock worth $24,785,000 after purchasing an additional 4,200 shares during the period. Charles Schwab Investment Management Inc. grew its stake in StoneX Group by 54.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 245,461 shares of the company’s stock worth $18,122,000 after purchasing an additional 86,086 shares during the period. Finally, Northern Trust Corp grew its stake in shares of StoneX Group by 0.6% in the third quarter. Northern Trust Corp now owns 230,241 shares of the company’s stock worth $22,315,000 after acquiring an additional 1,366 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

StoneX Group Stock Up 0.2 %

Shares of NASDAQ SNEX traded up $0.18 during trading on Tuesday, reaching $76.89. The company had a trading volume of 198,015 shares, compared to its average volume of 125,391. The stock has a market cap of $2.43 billion, a PE ratio of 10.72 and a beta of 0.86. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.87. StoneX Group Inc. has a 12-month low of $52.93 and a 12-month high of $78.31. The business’s 50-day moving average is $68.64 and its 200 day moving average is $67.03.

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

Insider Activity

In other StoneX Group news, Director Scott J. Branch sold 7,500 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $63.87, for a total value of $479,025.00. Following the transaction, the director now owns 519,934 shares of the company’s stock, valued at $33,208,184.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Scott J. Branch sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $63.87, for a total value of $479,025.00. Following the transaction, the director now owns 519,934 shares of the company’s stock, valued at $33,208,184.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip Andrew Smith sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $69.73, for a total value of $488,110.00. Following the completion of the transaction, the chief executive officer now directly owns 233,898 shares in the company, valued at approximately $16,309,707.54. The disclosure for this sale can be found here. Insiders have sold a total of 58,598 shares of company stock valued at $3,937,444 over the last ninety days. 16.24% 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.