Illinois Municipal Retirement Fund Purchases 4,925 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Illinois Municipal Retirement Fund raised its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 48.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,190 shares of the company’s stock after acquiring an additional 4,925 shares during the period. Illinois Municipal Retirement Fund’s holdings in StoneX Group were worth $1,121,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Handelsbanken Fonder AB bought a new stake in shares of StoneX Group in the fourth quarter valued at about $248,000. Naples Money Management LLC bought a new stake in shares of StoneX Group in the fourth quarter valued at about $30,000. Cornerstone Investment Partners LLC lifted its stake in shares of StoneX Group by 50.0% in the fourth quarter. Cornerstone Investment Partners LLC now owns 7,128 shares of the company’s stock valued at $526,000 after buying an additional 2,376 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of StoneX Group by 12.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,073 shares of the company’s stock valued at $375,000 after buying an additional 556 shares during the period. Finally, Everence Capital Management Inc. lifted its stake in shares of StoneX Group by 50.0% in the fourth quarter. Everence Capital Management Inc. now owns 3,615 shares of the company’s stock valued at $267,000 after buying an additional 1,205 shares during the period. 75.93% of the stock is currently owned by institutional investors.

StoneX Group Stock Up 0.8 %

NASDAQ SNEX opened at $71.55 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.20 and a current ratio of 1.59. The firm has a 50-day simple moving average of $67.85 and a 200 day simple moving average of $66.47. StoneX Group Inc. has a twelve month low of $49.62 and a twelve month high of $74.01. The stock has a market cap 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 for the quarter, beating the consensus estimate of $1.70 by $0.46. StoneX Group had a net margin of 0.34% and a return on equity of 17.48%. The business had revenue of $784.20 million during the quarter, compared to analysts’ expectations of $781.80 million. On average, research analysts forecast that StoneX Group Inc. will post 7.64 EPS for the current year.

Insiders Place Their Bets

In other StoneX Group news, Director Scott J. Branch sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total transaction of $479,025.00. Following the completion of the transaction, the director now owns 519,934 shares in the company, valued at $33,208,184.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other StoneX Group news, Director Scott J. Branch sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total transaction of $479,025.00. Following the completion of the transaction, the director now owns 519,934 shares in the company, valued at $33,208,184.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Philip Andrew Smith sold 7,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $69.73, for a total transaction of $488,110.00. Following the transaction, the chief executive officer now owns 233,898 shares of the company’s stock, valued at approximately $16,309,707.54. The disclosure for this sale can be found here. Insiders sold a total of 56,348 shares of company stock worth $3,769,436 over the last quarter. Company insiders own 16.24% of the company’s stock.

StoneX Group 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.