Jacobs Levy Equity Management Inc. Reduces Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 59.6% in the fourth quarter, HoldingsChannel reports. The firm owned 37,149 shares of the company’s stock after selling 54,852 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in StoneX Group were worth $3,639,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. American Century Companies Inc. increased its stake in shares of StoneX Group by 17.7% during the 4th quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock worth $99,364,000 after purchasing an additional 152,847 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of StoneX Group by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 677,333 shares of the company’s stock worth $66,372,000 after purchasing an additional 6,076 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of StoneX Group by 2.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 521,073 shares of the company’s stock worth $51,050,000 after purchasing an additional 10,222 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of StoneX Group by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 508,450 shares of the company’s stock worth $49,814,000 after purchasing an additional 20,928 shares in the last quarter. Finally, Northern Trust Corp grew its stake in StoneX Group by 9.9% in the 4th quarter. Northern Trust Corp now owns 335,456 shares of the company’s stock worth $32,865,000 after acquiring an additional 30,248 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Down 1.7%

SNEX stock opened at $87.62 on Thursday. The stock has a market capitalization of $4.29 billion, a P/E ratio of 10.47 and a beta of 0.63. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. StoneX Group Inc. has a one year low of $46.43 and a one year high of $97.17. The company has a 50 day moving average price of $80.40 and a two-hundred day moving average price of $73.75.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. The company had revenue of $956.00 million during the quarter, compared to analysts’ expectations of $907.30 million. As a group, sell-side analysts expect that StoneX Group Inc. will post 8.7 EPS for the current year.

Analysts Set New Price Targets

Separately, William Blair began coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They issued an “outperform” rating for the company.

Insider Activity

In other news, insider Glenn Henry Stevens sold 22,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the completion of the sale, the insider now directly owns 116,946 shares of the company’s stock, valued at $9,185,718.48. The trade was a 16.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Sean Michael Oconnor sold 3,417 shares of StoneX Group stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $90.57, for a total transaction of $309,477.69. Following the transaction, the chairman now owns 1,019,667 shares in the company, valued at $92,351,240.19. The trade was a 0.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,457 shares of company stock valued at $10,065,594 in the last ninety days. Company insiders own 11.70% of the company’s stock.

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.