Naples Money Management LLC Purchases New Position in StoneX Group Inc. (NASDAQ:SNEX)

Naples Money Management LLC acquired a new position in StoneX Group Inc. (NASDAQ:SNEX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 405 shares of the company’s stock, valued at approximately $30,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its stake in StoneX Group by 0.4% during the 1st quarter. BlackRock Inc. now owns 2,811,710 shares of the company’s stock valued at $208,713,000 after acquiring an additional 11,780 shares in the last quarter. Vanguard Group Inc. boosted its holdings in StoneX Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 1,155,670 shares of the company’s stock worth $95,852,000 after purchasing an additional 14,158 shares during the last quarter. Van Berkom & Associates Inc. grew its position in StoneX Group by 9.6% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,002,622 shares of the company’s stock worth $97,174,000 after purchasing an additional 87,538 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in StoneX Group by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 861,125 shares of the company’s stock valued at $89,149,000 after buying an additional 10,038 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of StoneX Group by 3.2% in the 2nd quarter. State Street Corp now owns 638,388 shares of the company’s stock worth $53,037,000 after buying an additional 19,535 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director John Moore Fowler sold 600 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $68.94, for a total transaction of $41,364.00. Following the completion of the sale, the director now owns 83,878 shares in the company, valued at approximately $5,782,549.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director John Moore Fowler sold 600 shares of StoneX Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $68.94, for a total value of $41,364.00. Following the completion of the sale, the director now owns 83,878 shares of the company’s stock, valued at approximately $5,782,549.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott J. Branch sold 7,500 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total transaction of $479,025.00. Following the sale, the director now directly owns 519,934 shares in the company, valued at $33,208,184.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,348 shares of company stock valued at $3,769,436. Company insiders own 16.24% of the company’s stock.

StoneX Group Stock Performance

SNEX stock opened at $66.83 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.11 billion, a PE ratio of 9.32 and a beta of 0.87. The business has a 50 day moving average of $67.51 and a 200-day moving average of $66.21. StoneX Group Inc. has a 12-month low of $49.62 and a 12-month high of $74.01.

StoneX Group (NASDAQ:SNEX) last announced its earnings results on Tuesday, February 6th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.46. The firm had revenue of $784.20 million during the quarter, compared to analyst estimates of $781.80 million. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. As a group, sell-side analysts expect that StoneX Group Inc. will post 7.64 earnings per share for the current year.

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.