Louisiana State Employees Retirement System Makes New $997,000 Investment in StoneX Group Inc. (NASDAQ:SNEX)

Louisiana State Employees Retirement System acquired a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,500 shares of the company’s stock, valued at approximately $997,000.

Several other hedge funds have also recently bought and sold shares of the stock. Van Berkom & Associates Inc. raised its position in shares of StoneX Group by 9.6% in the third quarter. Van Berkom & Associates Inc. now owns 1,002,622 shares of the company’s stock valued at $97,174,000 after buying an additional 87,538 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of StoneX Group by 5.5% in the third quarter. Punch & Associates Investment Management Inc. now owns 538,621 shares of the company’s stock valued at $52,203,000 after buying an additional 28,191 shares in the last quarter. Ashford Capital Management Inc. raised its position in shares of StoneX Group by 1.7% in the third quarter. Ashford Capital Management Inc. now owns 255,730 shares of the company’s stock valued at $24,785,000 after buying an additional 4,200 shares in the last quarter. Northern Trust Corp raised its position in shares of StoneX Group by 0.6% in the third quarter. Northern Trust Corp now owns 230,241 shares of the company’s stock valued at $22,315,000 after buying an additional 1,366 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of StoneX Group by 102.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 220,725 shares of the company’s stock valued at $16,296,000 after buying an additional 111,948 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Scott J. Branch sold 7,500 shares of StoneX Group stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total transaction of $479,025.00. Following the sale, the director now directly owns 519,934 shares of the company’s stock, valued at approximately $33,208,184.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Charles M. Lyon sold 15,552 shares of StoneX Group stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $65.11, for a total transaction of $1,012,590.72. Following the sale, the chief executive officer now directly owns 61,557 shares of the company’s stock, valued at approximately $4,007,976.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott J. Branch sold 7,500 shares of StoneX Group stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total transaction of $479,025.00. Following the sale, the director now directly owns 519,934 shares in the company, valued at $33,208,184.58. The disclosure for this sale can be found here. In the last three months, 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 Stock Up 0.6 %

NASDAQ SNEX opened at $69.97 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87. StoneX Group Inc. has a 1-year low of $49.62 and a 1-year high of $74.01. The company has a 50 day moving average of $67.68 and a 200-day moving average of $66.37. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 9.76 and a beta of 0.87.

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