BNP Paribas Financial Markets Makes New Investment in StoneX Group Inc. (NASDAQ:SNEX)

BNP Paribas Financial Markets purchased a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) in the 4th quarter, HoldingsChannel reports. The fund purchased 97,172 shares of the company’s stock, valued at approximately $9,520,000.

Several other hedge funds have also modified their holdings of SNEX. JPMorgan Chase & Co. lifted its position in shares of StoneX Group by 104.3% during the fourth quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company’s stock valued at $32,260,000 after buying an additional 168,098 shares during the last quarter. American Century Companies Inc. lifted its position in shares of StoneX Group by 17.7% during the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock valued at $99,364,000 after buying an additional 152,847 shares during the last quarter. Norges Bank purchased a new stake in shares of StoneX Group during the fourth quarter valued at about $10,551,000. Raymond James Financial Inc. purchased a new stake in shares of StoneX Group during the fourth quarter valued at about $10,276,000. Finally, Champlain Investment Partners LLC purchased a new stake in shares of StoneX Group during the fourth quarter valued at about $8,598,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at StoneX Group

In related news, insider Glenn Henry Stevens sold 22,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $78.55, for a total value of $1,767,300.00. Following the transaction, the insider now owns 116,946 shares in the company, valued at approximately $9,185,718.48. This represents a 16.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip Andrew Smith sold 9,000 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $69.56, for a total transaction of $626,040.00. Following the completion of the transaction, the chief executive officer now owns 342,711 shares in the company, valued at approximately $23,838,977.16. This trade represents a 2.56% 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 three months. 11.70% of the stock is owned by insiders.

StoneX Group Stock Performance

Shares of StoneX Group stock opened at $88.63 on Monday. The firm has a market capitalization of $4.27 billion, a P/E ratio of 10.59 and a beta of 0.63. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average price of $79.80 and a 200 day moving average price of $73.33. StoneX Group Inc. has a 52 week low of $46.43 and a 52 week high of $97.17.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 EPS 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 analyst estimates of $907.30 million. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. 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 assumed 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.