Ameriprise Financial Inc. Sells 37,911 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Ameriprise Financial Inc. trimmed its position in StoneX Group Inc. (NASDAQ:SNEX) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,008 shares of the company’s stock after selling 37,911 shares during the period. Ameriprise Financial Inc. owned approximately 1.56% of StoneX Group worth $48,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Inspire Investing LLC acquired a new stake in shares of StoneX Group in the 4th quarter worth $856,000. Principal Financial Group Inc. raised its holdings in shares of StoneX Group by 11.0% in the third quarter. Principal Financial Group Inc. now owns 149,442 shares of the company’s stock worth $12,236,000 after buying an additional 14,784 shares during the last quarter. Diversified Trust Co purchased a new position in StoneX Group in the 4th quarter worth $298,000. Barclays PLC boosted its position in StoneX Group by 359.4% in the third quarter. Barclays PLC now owns 46,755 shares of the company’s stock valued at $3,828,000 after buying an additional 36,577 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of StoneX Group by 5.2% in the fourth quarter. First Trust Advisors LP now owns 28,771 shares of the company’s stock worth $2,819,000 after acquiring an additional 1,411 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, William Blair began coverage on shares of StoneX Group in a research report on Wednesday, March 26th. They set an “outperform” rating on the stock.

StoneX Group Trading Up 0.9 %

Shares of SNEX opened at $88.63 on Friday. The stock has a market cap of $4.27 billion, a PE ratio of 10.59 and a beta of 0.63. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. StoneX Group Inc. has a 52-week low of $46.43 and a 52-week high of $97.17. The firm’s fifty day moving average is $79.80 and its two-hundred day moving average is $73.21.

StoneX Group (NASDAQ:SNEX) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. The firm had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other StoneX Group news, insider Glenn Henry Stevens sold 22,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $78.55, for a total transaction of $1,767,300.00. Following the sale, the insider now directly owns 116,946 shares in the company, valued at approximately $9,185,718.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip Andrew Smith sold 7,457 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $93.26, for a total value of $695,439.82. Following the transaction, the chief executive officer now directly owns 335,254 shares of the company’s stock, valued at $31,265,788.04. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,457 shares of company stock valued at $10,065,594 over the last quarter. Company insiders own 11.70% of the company’s stock.

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.