Insider Buying: StoneX Group Inc. (NASDAQ:SNEX) Chairman Acquires 1,400 Shares of Stock

StoneX Group Inc. (NASDAQ:SNEX) Chairman John Radziwill acquired 1,400 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average cost of $85.00 per share, with a total value of $119,000.00. Following the completion of the transaction, the chairman now directly owns 100,240 shares in the company, valued at approximately $8,520,400. The trade was a 1.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

StoneX Group Stock Down 1.1%

StoneX Group stock opened at $84.24 on Monday. The company has a market capitalization of $4.12 billion, a PE ratio of 10.06 and a beta of 0.53. 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 fifty-two week low of $46.71 and a fifty-two week high of $97.17. The firm has a 50 day moving average price of $84.81 and a 200 day moving average price of $77.06.

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

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently bought and sold shares of SNEX. Allspring Global Investments Holdings LLC lifted its position in shares of StoneX Group by 23.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 51,572 shares of the company’s stock worth $5,067,000 after purchasing an additional 9,692 shares in the last quarter. Sawgrass Asset Management LLC lifted its holdings in StoneX Group by 9.7% during the 4th quarter. Sawgrass Asset Management LLC now owns 3,490 shares of the company’s stock worth $342,000 after buying an additional 310 shares in the last quarter. Principal Financial Group Inc. boosted its position in StoneX Group by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 156,520 shares of the company’s stock valued at $15,334,000 after buying an additional 7,078 shares during the period. D.A. Davidson & CO. acquired a new position in shares of StoneX Group in the fourth quarter worth $349,000. Finally, Kestra Investment Management LLC acquired a new position in shares of StoneX Group in the fourth quarter worth $31,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.