Koshinski Asset Management Inc. Makes New $415,000 Investment in StoneX Group Inc. (NASDAQ:SNEX)

Koshinski Asset Management Inc. bought a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,427 shares of the company’s stock, valued at approximately $415,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock worth $64,000 after purchasing an additional 469 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of StoneX Group in the 4th quarter worth about $75,000. Charles Schwab Investment Management Inc. increased its stake in shares of StoneX Group by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 282,909 shares of the company’s stock worth $27,717,000 after acquiring an additional 12,855 shares in the last quarter. Atria Investments Inc increased its stake in shares of StoneX Group by 11.1% in the 4th quarter. Atria Investments Inc now owns 9,016 shares of the company’s stock worth $883,000 after acquiring an additional 904 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in StoneX Group during the 4th quarter valued at about $10,276,000. Institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at StoneX Group

In other news, Chairman John Radziwill acquired 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the acquisition, the chairman directly owned 100,240 shares in the company, valued at approximately $8,520,400. The trade was a 1.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.75, for a total value of $98,718.75. Following the completion of the transaction, the director directly owned 116,735 shares in the company, valued at $10,243,496.25. This trade represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,262 shares of company stock worth $14,772,846 in the last 90 days. Insiders own 11.70% of the company’s stock.

StoneX Group Stock Up 2.0%

SNEX stock opened at $92.71 on Thursday. The business has a 50 day moving average of $87.45 and a 200 day moving average of $78.70. The firm has a market cap of $4.54 billion, a PE ratio of 15.70 and a beta of 0.54. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $97.17. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating 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 return on equity of 17.03% and a net margin of 0.24%. On average, research analysts forecast that StoneX Group Inc. will post 8.7 EPS for the current fiscal 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.