Allspring Global Investments Holdings LLC Buys 70,587 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Allspring Global Investments Holdings LLC lifted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 136.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 122,159 shares of the company’s stock after purchasing an additional 70,587 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in StoneX Group were worth $9,341,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Illinois Municipal Retirement Fund increased its stake in StoneX Group by 55.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 23,622 shares of the company’s stock worth $1,804,000 after acquiring an additional 8,390 shares during the last quarter. Yousif Capital Management LLC increased its stake in StoneX Group by 49.8% in the 1st quarter. Yousif Capital Management LLC now owns 16,045 shares of the company’s stock worth $1,226,000 after acquiring an additional 5,335 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in StoneX Group by 1,955.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 3,433 shares of the company’s stock worth $262,000 after acquiring an additional 3,266 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in StoneX Group by 283.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 36,433 shares of the company’s stock worth $3,569,000 after acquiring an additional 26,925 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in StoneX Group by 24.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 394,903 shares of the company’s stock worth $30,163,000 after acquiring an additional 76,778 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $93.78 on Friday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 15.89 and a beta of 0.54. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 1.09. The stock’s 50-day simple moving average is $87.61 and its two-hundred day simple moving average is $78.89. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $97.17.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. The firm had revenue of $956.00 million for the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. As a group, equities analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at StoneX Group

In other news, Chairman Sean Michael Oconnor sold 34,083 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $89.63, for a total transaction of $3,054,859.29. Following the transaction, the chairman directly owned 1,023,084 shares in the company, valued at approximately $91,699,018.92. This represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Abigail H. Perkins sold 16,098 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $85.04, for a total value of $1,368,973.92. Following the transaction, the insider owned 31,076 shares in the company, valued at $2,642,703.04. This trade represents a 34.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 165,262 shares of company stock valued at $14,146,806 over the last 90 days. Company insiders own 11.70% of the company’s stock.

StoneX Group Company 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.