MetLife Investment Management LLC Raises Position in StoneX Group Inc. $SNEX

MetLife Investment Management LLC lifted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 45.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,332 shares of the company’s stock after buying an additional 7,658 shares during the period. MetLife Investment Management LLC’s holdings in StoneX Group were worth $1,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of StoneX Group by 51.3% in the first quarter. Vanguard Group Inc. now owns 2,881,228 shares of the company’s stock worth $220,068,000 after buying an additional 976,587 shares during the period. American Century Companies Inc. boosted its holdings in StoneX Group by 93.6% in the first quarter. American Century Companies Inc. now owns 1,963,717 shares of the company’s stock valued at $149,989,000 after purchasing an additional 949,486 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in StoneX Group by 41.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,923,494 shares of the company’s stock valued at $146,915,000 after purchasing an additional 567,196 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in StoneX Group by 16.0% in the first quarter. Van Berkom & Associates Inc. now owns 1,408,659 shares of the company’s stock valued at $107,593,000 after purchasing an additional 193,921 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in StoneX Group by 82.8% in the first quarter. Ameriprise Financial Inc. now owns 914,212 shares of the company’s stock valued at $69,828,000 after purchasing an additional 414,204 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised StoneX Group to a “strong-buy” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, StoneX Group presently has a consensus rating of “Strong Buy”.

Insider Transactions at StoneX Group

In other news, Chairman John Radziwill acquired 1,400 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the purchase, the chairman directly owned 100,240 shares of the company’s stock, valued at $8,520,400. This represents a 1.42% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the sale, the director owned 115,749 shares in the company, valued at $11,111,904. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,305 shares of company stock worth $3,859,233. 11.70% of the stock is owned by corporate insiders.

StoneX Group Trading Up 0.1%

Shares of NASDAQ SNEX opened at $102.29 on Wednesday. The stock’s 50 day moving average price is $94.45 and its two-hundred day moving average price is $86.35. StoneX Group Inc. has a 52-week low of $50.31 and a 52-week high of $102.63. The stock has a market capitalization of $5.34 billion, a P/E ratio of 17.43 and a beta of 0.56. The company has a quick ratio of 1.48, a current ratio of 2.08 and a debt-to-equity ratio of 1.30.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $923.10 million. On average, analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share 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.