Covestor Ltd Lowers Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Covestor Ltd decreased its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 9.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,749 shares of the company’s stock after selling 192 shares during the period. Covestor Ltd’s holdings in StoneX Group were worth $123,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SNEX. FinTrust Capital Advisors LLC increased its holdings in shares of StoneX Group by 50.0% in the fourth quarter. FinTrust Capital Advisors LLC now owns 450 shares of the company’s stock worth $33,000 after buying an additional 150 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of StoneX Group by 45.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 601 shares of the company’s stock worth $44,000 after buying an additional 187 shares during the period. Allworth Financial LP increased its holdings in shares of StoneX Group by 49.5% in the fourth quarter. Allworth Financial LP now owns 815 shares of the company’s stock worth $60,000 after buying an additional 270 shares during the period. C M Bidwell & Associates Ltd. increased its holdings in StoneX Group by 49.7% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,066 shares of the company’s stock valued at $79,000 after purchasing an additional 354 shares during the period. Finally, Illinois Municipal Retirement Fund increased its holdings in StoneX Group by 2.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,565 shares of the company’s stock valued at $1,094,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Trading Up 1.0 %

NASDAQ:SNEX traded up $0.81 during mid-day trading on Tuesday, reaching $82.30. 31,435 shares of the company’s stock traded hands, compared to its average volume of 128,656. StoneX Group Inc. has a 12-month low of $57.46 and a 12-month high of $82.78. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 10.96 and a beta of 0.77. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.61 and a quick ratio of 1.20. The company has a 50 day moving average price of $74.86 and a 200-day moving average price of $70.63.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. StoneX Group had a return on equity of 17.29% and a net margin of 0.33%. The company had revenue of $818.20 million for the quarter, compared to the consensus estimate of $788.30 million. On average, sell-side analysts predict that StoneX Group Inc. will post 7.25 earnings per share for the current year.

Insider Activity at StoneX Group

In other StoneX Group news, Director Eric Parthemore sold 2,250 shares of StoneX Group stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $74.67, for a total transaction of $168,007.50. Following the sale, the director now directly owns 18,860 shares of the company’s stock, valued at approximately $1,408,276.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Xuong Nguyen sold 8,091 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $80.00, for a total value of $647,280.00. Following the sale, the insider now directly owns 60,816 shares of the company’s stock, valued at approximately $4,865,280. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric Parthemore sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $74.67, for a total value of $168,007.50. Following the completion of the sale, the director now directly owns 18,860 shares in the company, valued at $1,408,276.20. The disclosure for this sale can be found here. Insiders have sold a total of 54,359 shares of company stock worth $4,127,835 in the last 90 days. Company insiders own 16.24% of the company’s stock.

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.