Intech Investment Management LLC Makes New Investment in StoneX Group Inc. (NASDAQ:SNEX)

Intech Investment Management LLC purchased a new position in StoneX Group Inc. (NASDAQ:SNEX) during the second quarter, HoldingsChannel reports. The institutional investor purchased 5,888 shares of the company’s stock, valued at approximately $443,000.

A number of other hedge funds have also recently added to or reduced their stakes in SNEX. PNC Financial Services Group Inc. boosted its stake in StoneX Group by 51.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,443 shares of the company’s stock worth $550,000 after buying an additional 2,522 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of StoneX Group by 46.4% in the 4th quarter. TD Asset Management Inc now owns 24,150 shares of the company’s stock worth $1,783,000 after purchasing an additional 7,650 shares during the period. Cove Street Capital LLC raised its holdings in shares of StoneX Group by 42.9% in the 4th quarter. Cove Street Capital LLC now owns 97,845 shares of the company’s stock worth $7,224,000 after purchasing an additional 29,366 shares during the period. FinTrust Capital Advisors LLC raised its holdings in shares of StoneX Group by 50.0% in the 4th quarter. FinTrust Capital Advisors LLC now owns 450 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of StoneX Group in the 4th quarter worth about $889,000. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Stock Performance

StoneX Group stock opened at $81.95 on Friday. The stock’s 50-day moving average is $80.23 and its 200-day moving average is $75.04. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 10.93 and a beta of 0.76. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20. StoneX Group Inc. has a 12 month low of $57.46 and a 12 month high of $84.92.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. The company had revenue of $913.70 million for the quarter, compared to the consensus estimate of $817.80 million. StoneX Group had a return on equity of 15.89% and a net margin of 0.27%. Equities analysts anticipate that StoneX Group Inc. will post 7.45 earnings per share for the current year.

Insider Transactions at StoneX Group

In related news, insider Xuong Nguyen sold 8,091 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $80.00, for a total transaction of $647,280.00. Following the sale, the insider now directly owns 60,816 shares in the company, valued at approximately $4,865,280. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Xuong Nguyen sold 8,091 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $80.00, for a total transaction of $647,280.00. Following the sale, the insider now directly owns 60,816 shares in the company, valued at approximately $4,865,280. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Philip Andrew Smith sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $75.89, for a total value of $303,560.00. Following the sale, the chief executive officer now owns 221,898 shares in the company, valued at $16,839,839.22. The disclosure for this sale can be found here. Insiders have sold a total of 12,491 shares of company stock worth $982,544 in the last three months. 16.24% of the stock is currently owned by company insiders.

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.