Prudential Financial Inc. trimmed its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX – Get Rating) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,376 shares of the company's stock after selling 810 shares during the quarter. Prudential Financial Inc. owned about 0.15% of StoneX Group worth $2,602,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in StoneX Group during the third quarter worth about $25,000. FinTrust Capital Advisors LLC acquired a new stake in StoneX Group during the second quarter worth about $26,000. Gladius Capital Management LP acquired a new stake in StoneX Group during the second quarter worth about $53,000. Key Financial Inc acquired a new stake in StoneX Group during the third quarter worth about $83,000. Finally, KBC Group NV acquired a new stake in StoneX Group during the second quarter worth about $112,000. 75.53% of the stock is owned by institutional investors.
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StoneX Group Trading Up 3.7 %
Shares of StoneX Group stock opened at $90.17 on Monday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 9.01 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 1.39 and a debt-to-equity ratio of 1.43. StoneX Group Inc. has a 12-month low of $65.00 and a 12-month high of $103.00. The firm's 50-day moving average price is $94.01 and its two-hundred day moving average price is $91.44.
StoneX Group (NASDAQ:SNEX – Get Rating) last posted its quarterly earnings results on Monday, November 21st. The company reported $2.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.56. StoneX Group had a net
margin of 0.31% and a return on equity of 20.89%. The company had revenue of $583.40 million for the quarter, compared to the consensus estimate of $518.10 million. On average, analysts forecast that StoneX Group Inc. will post 9.07 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO William J. Dunaway sold 600 shares of the firm's stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $91.95, for a total value of $55,170.00. Following the sale, the chief financial officer now directly owns 72,770 shares in the company, valued at approximately $6,691,201.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO William J. Dunaway sold 600 shares of StoneX Group stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $91.95, for a total transaction of $55,170.00. Following the sale, the chief financial officer now directly owns 72,770 shares in the company, valued at approximately $6,691,201.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sean Michael Oconnor sold 18,600 shares of StoneX Group stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $101.34, for a total transaction of $1,884,924.00. Following the sale, the chief executive officer now owns 331,659 shares in the company, valued at $33,610,323.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,034 shares of company stock worth $2,707,765. Corporate insiders own 15.65% of the company's stock.
StoneX Group Company Profile
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StoneX Group, Inc engages in the provision of brokerage and financial services. It operates through the following segments: Commercial Hedging, Global Payments, Securities, Physical Commodities, and Clearing and Execution Services. The Commercial Hedging segment offers risk management consulting services.
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