Northwestern Mutual Wealth Management Co. Boosts Stock Position in StoneX Group Inc. $SNEX

Northwestern Mutual Wealth Management Co. grew its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 18,363.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,772 shares of the company’s stock after buying an additional 26,627 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in StoneX Group were worth $2,547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SNEX. Royal Bank of Canada increased its position in shares of StoneX Group by 129.0% in the first quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock valued at $5,923,000 after buying an additional 43,678 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of StoneX Group in the first quarter valued at approximately $449,000. Goldman Sachs Group Inc. increased its position in shares of StoneX Group by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock valued at $17,240,000 after buying an additional 13,815 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of StoneX Group in the first quarter valued at approximately $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of StoneX Group by 55.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock valued at $8,182,000 after buying an additional 38,073 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Price Performance

Shares of SNEX opened at $112.12 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74. The stock has a 50 day moving average price of $100.65 and a 200 day moving average price of $103.17. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 20.03 and a beta of 0.64. StoneX Group Inc. has a one year low of $53.52 and a one year high of $125.42.

StoneX Group (NASDAQ:SNEX) last issued its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.47. The company had revenue of $826.40 million during the quarter, compared to analysts’ expectations of $1.37 billion. StoneX Group had a return on equity of 19.31% and a net margin of 0.30%. Equities research analysts forecast that StoneX Group Inc. will post 6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNEX has been the subject of a number of recent analyst reports. Zacks Research upgraded StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of StoneX Group in a research report on Friday. William Blair reiterated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. Finally, Jefferies Financial Group boosted their price target on StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, StoneX Group currently has an average rating of “Buy” and an average target price of $122.00.

Insider Buying and Selling

In other StoneX Group news, Chairman Sean Michael Oconnor sold 72,140 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $109.94, for a total value of $7,931,071.60. Following the completion of the sale, the chairman directly owned 1,236,921 shares in the company, valued at $135,987,094.74. This represents a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Schroeder sold 3,500 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $122.65, for a total value of $429,275.00. Following the completion of the sale, the chief accounting officer owned 51,481 shares of the company’s stock, valued at approximately $6,314,144.65. The trade was a 6.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 438,817 shares of company stock worth $48,063,599 over the last quarter. Corporate insiders own 11.79% of the company’s stock.

About StoneX Group

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.