Harbour Capital Advisors LLC Raises Stake in StoneX Group Inc. (NASDAQ:SNEX)

Harbour Capital Advisors LLC boosted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 48.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,526 shares of the company’s stock after buying an additional 5,083 shares during the quarter. Harbour Capital Advisors LLC’s holdings in StoneX Group were worth $1,152,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock valued at $64,000 after acquiring an additional 469 shares during the period. GAMMA Investing LLC lifted its stake in StoneX Group by 92.7% in the first quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after purchasing an additional 357 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in StoneX Group in the fourth quarter valued at approximately $75,000. Bessemer Group Inc. grew its holdings in StoneX Group by 145.2% during the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company’s stock valued at $168,000 after purchasing an additional 1,015 shares during the period. Finally, Handelsbanken Fonder AB purchased a new stake in StoneX Group in the fourth quarter worth $202,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insider Activity at StoneX Group

In related news, insider Abigail H. Perkins sold 10,112 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $84.25, for a total transaction of $851,936.00. Following the sale, the insider now owns 37,616 shares of the company’s stock, valued at approximately $3,169,148. This represents a 21.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Charles M. Lyon sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total value of $1,494,640.00. Following the completion of the transaction, the president now owns 122,080 shares of the company’s stock, valued at approximately $10,733,273.60. This represents a 12.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 174,262 shares of company stock worth $14,772,846. Corporate insiders own 11.70% of the company’s stock.

Analysts Set New Price Targets

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

StoneX Group Trading Up 2.1%

Shares of StoneX Group stock opened at $86.48 on Tuesday. The stock has a market capitalization of $4.23 billion, a P/E ratio of 14.65 and a beta of 0.53. StoneX Group Inc. has a 52-week low of $47.69 and a 52-week high of $97.17. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. The stock’s 50-day simple moving average is $86.05 and its 200 day simple moving average is $77.74.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. As a group, research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

StoneX Group 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.