Convergence Investment Partners LLC Acquires Shares of 3,584 StoneX Group Inc. (NASDAQ:SNEX)

Convergence Investment Partners LLC acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,584 shares of the company’s stock, valued at approximately $265,000.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in shares of StoneX Group during the 3rd quarter worth $29,000. Naples Money Management LLC purchased a new stake in shares of StoneX Group in the 4th quarter worth about $30,000. Parkside Financial Bank & Trust boosted its position in shares of StoneX Group by 45.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 601 shares of the company’s stock worth $44,000 after buying an additional 187 shares in the last quarter. Allworth Financial LP boosted its position in shares of StoneX Group by 49.5% in the 4th quarter. Allworth Financial LP now owns 815 shares of the company’s stock worth $60,000 after buying an additional 270 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of StoneX Group by 29.2% in the 3rd quarter. Covestor Ltd now owns 1,975 shares of the company’s stock worth $191,000 after buying an additional 446 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $69.73, for a total value of $488,110.00. Following the transaction, the chief executive officer now directly owns 233,898 shares in the company, valued at approximately $16,309,707.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Philip Andrew Smith sold 7,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $69.73, for a total transaction of $488,110.00. Following the transaction, the chief executive officer now directly owns 233,898 shares in the company, valued at approximately $16,309,707.54. 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 stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $67.29, for a total transaction of $504,675.00. Following the transaction, the director now owns 512,434 shares in the company, valued at $34,481,683.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,348 shares of company stock worth $3,769,436. Corporate insiders own 16.24% of the company’s stock.

StoneX Group Price Performance

StoneX Group stock opened at $71.55 on Monday. StoneX Group Inc. has a 52 week low of $49.62 and a 52 week high of $74.01. 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’s 50-day simple moving average is $67.85 and its 200 day simple moving average is $66.50. The firm has a market capitalization of $2.26 billion, a PE ratio of 9.98 and a beta of 0.87.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Tuesday, February 6th. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.46. The company had revenue of $784.20 million for the quarter, compared to analyst estimates of $781.80 million. StoneX Group had a net margin of 0.34% and a return on equity of 17.48%. On average, equities research analysts predict that StoneX Group Inc. will post 7.64 EPS for the current fiscal year.

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.