Deutsche Bank AG Has $10.46 Million Stock Holdings in StoneX Group Inc. (NASDAQ:SNEX)

Deutsche Bank AG boosted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 184.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 136,932 shares of the company’s stock after acquiring an additional 88,831 shares during the period. Deutsche Bank AG’s holdings in StoneX Group were worth $10,459,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC grew its holdings in StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company’s stock worth $34,000 after acquiring an additional 150 shares during the period. GAMMA Investing LLC grew its holdings in shares of StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company’s stock valued at $57,000 after buying an additional 357 shares during the period. IFP Advisors Inc grew its holdings in shares of StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company’s stock valued at $57,000 after buying an additional 741 shares during the period. CWM LLC grew its holdings in shares of StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company’s stock valued at $62,000 after buying an additional 355 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of StoneX Group by 4,057.1% in the 1st quarter. Larson Financial Group LLC now owns 1,164 shares of the company’s stock valued at $89,000 after buying an additional 1,136 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of StoneX Group to a “strong-buy” rating in a report on Friday, August 8th.

StoneX Group Price Performance

Shares of SNEX stock opened at $91.97 on Friday. StoneX Group Inc. has a 12-month low of $50.31 and a 12-month high of $100.40. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 15.67 and a beta of 0.57. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average of $91.24 and a 200-day moving average of $84.42.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $923.10 million. On average, equities research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Activity at StoneX Group

In related news, insider Abigail H. Perkins sold 16,098 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider directly owned 31,076 shares of the company’s stock, valued at approximately $2,642,703.04. This represents a 34.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Philip Andrew Smith sold 7,500 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the transaction, the chief executive officer directly owned 327,754 shares of the company’s stock, valued at approximately $27,426,454.72. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,305 shares of company stock valued at $3,859,233 in the last quarter. 11.70% of the stock is currently owned by company insiders.

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.