StoneX Group Inc. $SNEX Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 1,562.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 164,249 shares of the company’s stock after purchasing an additional 154,367 shares during the quarter. Bessemer Group Inc.’s holdings in StoneX Group were worth $15,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SNEX. Vanguard Group Inc. lifted its stake in shares of StoneX Group by 34.3% during the third quarter. Vanguard Group Inc. now owns 4,020,305 shares of the company’s stock worth $405,729,000 after buying an additional 1,027,489 shares during the period. Aberdeen Group plc acquired a new stake in shares of StoneX Group during the third quarter worth $19,953,000. JPMorgan Chase & Co. lifted its stake in shares of StoneX Group by 23.9% during the third quarter. JPMorgan Chase & Co. now owns 758,390 shares of the company’s stock worth $76,537,000 after buying an additional 146,065 shares during the period. UBS Group AG lifted its stake in shares of StoneX Group by 88.5% during the third quarter. UBS Group AG now owns 245,611 shares of the company’s stock worth $24,787,000 after buying an additional 115,289 shares during the period. Finally, Champlain Investment Partners LLC lifted its stake in shares of StoneX Group by 21.8% during the third quarter. Champlain Investment Partners LLC now owns 555,771 shares of the company’s stock worth $56,088,000 after buying an additional 99,621 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SNEX shares. Jefferies Financial Group lifted their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings upgraded shares of StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of StoneX Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. Finally, William Blair restated an “outperform” rating on shares of StoneX Group in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, StoneX Group currently has an average rating of “Buy” and an average price target of $122.00.

StoneX Group Trading Down 4.5%

Shares of StoneX Group stock opened at $110.21 on Friday. The firm has a 50-day simple moving average of $100.35 and a two-hundred day simple moving average of $102.27. The company has a market cap of $8.73 billion, a P/E ratio of 19.69 and a beta of 0.64. StoneX Group Inc. has a fifty-two week low of $53.52 and a fifty-two week high of $125.42. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.33 and a current ratio of 1.74.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.47. The business had revenue of $826.40 million during the quarter, compared to the consensus estimate of $1.37 billion. StoneX Group had a net margin of 0.30% and a return on equity of 19.31%. As a group, equities analysts predict that StoneX Group Inc. will post 6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other StoneX Group news, Director John Moore Fowler sold 1,050 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $106.25, for a total value of $111,562.50. Following the completion of the transaction, the director owned 171,246 shares in the company, valued at approximately $18,194,887.50. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Parthemore sold 2,500 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $123.30, for a total transaction of $308,250.00. Following the sale, the director directly owned 43,874 shares of the company’s stock, valued at $5,409,664.20. This represents a 5.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 39,550 shares of company stock valued at $3,875,393. Insiders own 11.79% of the company’s stock.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.