Assenagon Asset Management S.A. Purchases 111,948 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Assenagon Asset Management S.A. raised its position in StoneX Group Inc. (NASDAQ:SNEX) by 102.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 220,725 shares of the company’s stock after acquiring an additional 111,948 shares during the period. Assenagon Asset Management S.A. owned about 1.06% of StoneX Group worth $16,296,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SNEX. Envestnet Asset Management Inc. bought a new stake in StoneX Group in the 1st quarter valued at approximately $297,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of StoneX Group during the 1st quarter worth approximately $208,000. Bank of New York Mellon Corp raised its stake in shares of StoneX Group by 5.0% during the 1st quarter. Bank of New York Mellon Corp now owns 172,394 shares of the company’s stock worth $12,797,000 after purchasing an additional 8,153 shares in the last quarter. Citigroup Inc. raised its stake in shares of StoneX Group by 14.9% during the 1st quarter. Citigroup Inc. now owns 14,836 shares of the company’s stock worth $1,102,000 after purchasing an additional 1,929 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of StoneX Group by 5.5% during the 1st quarter. Bank of Montreal Can now owns 5,213 shares of the company’s stock worth $394,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Up 3.2 %

Shares of StoneX Group stock opened at $69.34 on Thursday. StoneX Group Inc. has a 12-month low of $49.62 and a 12-month high of $74.01. The stock has a market cap of $2.19 billion, a P/E ratio of 9.67 and a beta of 0.87. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $67.15 and its 200-day moving average is $65.77.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.46. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. The company had revenue of $784.20 million for the quarter, compared to analysts’ expectations of $781.80 million. Equities research analysts predict that StoneX Group Inc. will post 7.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Scott J. Branch sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $70.09, for a total transaction of $525,675.00. Following the transaction, the director now directly owns 527,434 shares of the company’s stock, valued at approximately $36,967,849.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Charles M. Lyon sold 15,552 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $65.11, for a total transaction of $1,012,590.72. Following the transaction, the chief executive officer now directly owns 61,557 shares of the company’s stock, valued at approximately $4,007,976.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott J. Branch sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $70.09, for a total value of $525,675.00. Following the transaction, the director now directly owns 527,434 shares in the company, valued at $36,967,849.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,848 shares of company stock valued at $4,295,111. 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.