Van Berkom & Associates Inc. Has $108.78 Million Stock Holdings in StoneX Group Inc. $SNEX

Van Berkom & Associates Inc. trimmed its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,143,509 shares of the company’s stock after selling 56,829 shares during the period. StoneX Group makes up approximately 3.1% of Van Berkom & Associates Inc.’s holdings, making the stock its 3rd biggest holding. Van Berkom & Associates Inc.’s holdings in StoneX Group were worth $108,782,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its position in StoneX Group by 4,133.3% during the third quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after purchasing an additional 248 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in StoneX Group by 1,100.0% during the third quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after purchasing an additional 242 shares during the period. AlphaQuest LLC lifted its stake in shares of StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of StoneX Group in the 3rd quarter valued at approximately $37,000. Finally, Federated Hermes Inc. purchased a new position in shares of StoneX Group in the 3rd quarter worth approximately $55,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other StoneX Group news, CEO Philip Andrew Smith sold 30,000 shares of StoneX Group stock in a transaction on Friday, April 10th. The stock was sold at an average price of $92.23, for a total transaction of $2,766,900.00. Following the completion of the sale, the chief executive officer directly owned 514,719 shares of the company’s stock, valued at $47,472,533.37. The trade was a 5.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Lowry Maurer sold 40,000 shares of the company’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $124.88, for a total value of $4,995,200.00. Following the completion of the sale, the insider owned 90,331 shares of the company’s stock, valued at $11,280,535.28. This represents a 30.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 151,550 shares of company stock valued at $17,888,228. Insiders own 11.79% of the company’s stock.

StoneX Group Stock Down 1.5%

Shares of SNEX opened at $106.39 on Thursday. The firm has a fifty day moving average price of $101.76 and a 200-day moving average price of $101.43. The company has a current ratio of 1.80, a quick ratio of 1.34 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $8.37 billion, a P/E ratio of 23.82 and a beta of 0.64. StoneX Group Inc. has a 12-month low of $53.52 and a 12-month high of $109.50.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.47. The company had revenue of $826.40 million during the quarter, compared to analyst estimates of $1.37 billion. StoneX Group had a net margin of 0.25% and a return on equity of 16.43%. Equities research analysts expect that StoneX Group Inc. will post 5.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNEX. Weiss Ratings upgraded 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 report on Tuesday. Wall Street Zen upgraded shares of StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Jefferies Financial Group increased their price objective on shares of StoneX Group from $99.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of StoneX Group in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat.com, StoneX Group currently has a consensus rating of “Buy” and a consensus price target of $122.00.

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.