Sequoia Financial Advisors LLC Takes Position in StoneX Group Inc. (NASDAQ:SNEX)

Sequoia Financial Advisors LLC acquired a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX) in the first quarter, HoldingsChannel.com reports. The fund acquired 3,285 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after purchasing an additional 357 shares during the period. Smartleaf Asset Management LLC lifted its stake in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock worth $64,000 after acquiring an additional 469 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in StoneX Group in the fourth quarter worth $75,000. Bessemer Group Inc. lifted its stake in StoneX Group by 145.2% in the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company’s stock worth $168,000 after acquiring an additional 1,015 shares during the period. Finally, Argent Trust Co purchased a new stake in StoneX Group in the fourth quarter worth $220,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Stock Performance

Shares of SNEX stock opened at $93.78 on Friday. The stock has a fifty day moving average of $87.73 and a 200 day moving average of $79.10. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $97.17. The firm has a market capitalization of $4.59 billion, a price-to-earnings 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.

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

Insider Transactions at StoneX Group

In other StoneX Group news, President Charles M. Lyon sold 17,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total value of $1,494,640.00. Following the completion of the transaction, the president owned 122,080 shares in the company, valued at approximately $10,733,273.60. This represents a 12.22% decrease in their ownership of the stock. The transaction 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 on Thursday, June 12th. The stock was sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the transaction, the insider owned 31,076 shares of the company’s stock, valued at approximately $2,642,703.04. This trade represents a 34.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,262 shares of company stock worth $14,146,806 in the last ninety days. 11.70% of the stock is owned by company insiders.

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.