Cadent Capital Advisors LLC Invests $212,000 in StoneX Group Inc. (NASDAQ:SNEX)

Cadent Capital Advisors LLC acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,587 shares of the company’s stock, valued at approximately $212,000.

A number of other large investors have also bought and sold shares of SNEX. Vanguard Group Inc. boosted its holdings in shares of StoneX Group by 53.1% in the fourth quarter. Vanguard Group Inc. now owns 1,875,853 shares of the company’s stock valued at $138,494,000 after buying an additional 650,911 shares during the period. American Century Companies Inc. boosted its stake in StoneX Group by 80.3% in the 2nd quarter. American Century Companies Inc. now owns 808,768 shares of the company’s stock worth $60,908,000 after purchasing an additional 360,164 shares during the period. Harbor Capital Advisors Inc. increased its holdings in StoneX Group by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 125,319 shares of the company’s stock worth $9,438,000 after purchasing an additional 91,757 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of StoneX Group by 44.3% in the 4th quarter. Wellington Management Group LLP now owns 252,140 shares of the company’s stock valued at $18,615,000 after purchasing an additional 77,401 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of StoneX Group by 21.4% in the second quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock valued at $24,758,000 after purchasing an additional 57,938 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Activity at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total transaction of $303,560.00. Following the transaction, the chief executive officer now owns 221,898 shares of the company’s stock, valued at $16,839,839.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.24% of the stock is owned by insiders.

StoneX Group Stock Down 0.9 %

NASDAQ:SNEX opened at $87.40 on Friday. The stock has a 50-day simple moving average of $81.81 and a 200 day simple moving average of $76.83. StoneX Group Inc. has a 52-week low of $57.46 and a 52-week high of $88.80. The company has a market cap of $2.77 billion, a PE ratio of 11.65 and a beta of 0.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.13. The firm had revenue of $913.70 million during 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%. On average, sell-side analysts expect that StoneX Group Inc. will post 7.75 EPS for the current fiscal year.

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.