Harbor Capital Advisors Inc. Has $25.47 Million Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Harbor Capital Advisors Inc. lifted its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX) by 148.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 311,088 shares of the company’s stock after acquiring an additional 185,769 shares during the quarter. StoneX Group accounts for about 1.1% of Harbor Capital Advisors Inc.’s holdings, making the stock its 3rd largest position. Harbor Capital Advisors Inc.’s holdings in StoneX Group were worth $25,472,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new position in StoneX Group in the first quarter valued at about $1,052,000. Janus Henderson Group PLC lifted its stake in StoneX Group by 341.9% in the first quarter. Janus Henderson Group PLC now owns 63,791 shares of the company’s stock valued at $4,480,000 after purchasing an additional 49,355 shares during the last quarter. Vanguard Group Inc. lifted its stake in StoneX Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,909,965 shares of the company’s stock valued at $134,194,000 after purchasing an additional 34,112 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in StoneX Group by 21.4% during the second quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company’s stock valued at $24,758,000 after purchasing an additional 57,938 shares during the period. Finally, Denali Advisors LLC raised its stake in shares of StoneX Group by 1,680.4% in the second quarter. Denali Advisors LLC now owns 41,500 shares of the company’s stock valued at $3,125,000 after buying an additional 39,169 shares during the period. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Stock Performance

Shares of SNEX opened at $90.75 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20. The firm has a market cap of $2.88 billion, a PE ratio of 12.58 and a beta of 0.75. StoneX Group Inc. has a 1 year low of $59.07 and a 1 year high of $92.60. The stock’s fifty day moving average price is $83.53 and its two-hundred day moving average price is $78.33.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.78 by $0.13. The business had revenue of $913.70 million for the quarter, compared to the consensus estimate of $817.80 million. StoneX Group had a net margin of 0.27% and a return on equity of 15.89%. On average, equities research analysts forecast that StoneX Group Inc. will post 7.75 EPS for the current year.

Insider Activity at StoneX Group

In related news, CEO Philip Andrew Smith sold 4,000 shares of StoneX Group stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $75.89, for a total value of $303,560.00. Following the completion of the transaction, the chief executive officer now directly owns 221,898 shares in the company, valued at approximately $16,839,839.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.24% of the stock is currently owned by corporate insiders.

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.