Janney Montgomery Scott LLC Has $2.29 Million Position in StoneX Group Inc. (NASDAQ:SNEX)

Janney Montgomery Scott LLC grew its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 45.6% in the first quarter, Holdings Channel reports. The institutional investor owned 30,021 shares of the company’s stock after purchasing an additional 9,398 shares during the period. Janney Montgomery Scott LLC’s holdings in StoneX Group were worth $2,293,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SNEX. Tidal Investments LLC acquired a new position in shares of StoneX Group during the fourth quarter valued at about $16,557,000. JPMorgan Chase & Co. increased its stake in StoneX Group by 104.3% in the fourth quarter. JPMorgan Chase & Co. now owns 329,287 shares of the company’s stock valued at $32,260,000 after acquiring an additional 168,098 shares during the period. American Century Companies Inc. increased its stake in StoneX Group by 17.7% in the fourth quarter. American Century Companies Inc. now owns 1,014,231 shares of the company’s stock valued at $99,364,000 after acquiring an additional 152,847 shares during the period. Norges Bank bought a new stake in StoneX Group in the fourth quarter valued at about $10,551,000. Finally, Raymond James Financial Inc. bought a new stake in StoneX Group in the fourth quarter valued at about $10,276,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Stock Performance

NASDAQ SNEX opened at $87.90 on Thursday. The stock has a market cap of $4.30 billion, a P/E ratio of 14.89 and a beta of 0.53. The company’s 50-day simple moving average is $86.40 and its 200 day simple moving average is $77.89. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $97.17. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09.

StoneX Group (NASDAQ:SNEX) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million for the quarter, compared to analysts’ expectations of $907.30 million. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. As a group, research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, William Blair assumed coverage on shares of StoneX Group in a research note on Wednesday, March 26th. They issued an “outperform” rating on the stock.

Insiders Place Their Bets

In other StoneX Group news, CEO Philip Andrew Smith sold 4,447 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $80.07, for a total transaction of $356,071.29. Following the sale, the chief executive officer now directly owns 342,711 shares of the company’s stock, valued at approximately $27,440,869.77. This represents a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the sale, the director now directly owns 116,735 shares in the company, valued at $10,243,496.25. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 174,262 shares of company stock valued at $14,772,846. 11.70% of the stock is currently owned by 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.