StoneX Group Inc. (NASDAQ:SNEX) Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 360.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,358 shares of the company’s stock after buying an additional 7,325 shares during the quarter. Citigroup Inc.’s holdings in StoneX Group were worth $568,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SNEX. AltraVue Capital LLC grew its position in StoneX Group by 148.0% during the second quarter. AltraVue Capital LLC now owns 337,326 shares of the company’s stock valued at $20,466,000 after buying an additional 201,310 shares during the period. Brown Advisory Inc. acquired a new stake in StoneX Group during the first quarter valued at $7,394,000. Cove Street Capital LLC grew its position in StoneX Group by 23.6% during the first quarter. Cove Street Capital LLC now owns 359,178 shares of the company’s stock valued at $23,483,000 after buying an additional 68,596 shares during the period. Stifel Financial Corp purchased a new position in StoneX Group during the first quarter valued at $2,816,000. Finally, Legato Capital Management LLC lifted its holdings in StoneX Group by 102.0% during the second quarter. Legato Capital Management LLC now owns 74,317 shares of the company’s stock valued at $4,509,000 after purchasing an additional 37,518 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

SNEX opened at $68.12 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.65 and a debt-to-equity ratio of 2.45. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 7.34 and a beta of 1.21. StoneX Group Inc. has a 52-week low of $50.02 and a 52-week high of $70.47. The firm’s fifty day simple moving average is $66.63 and its two-hundred day simple moving average is $65.44.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Monday, August 9th. The company reported $1.67 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.67. The firm had revenue of $431.50 million for the quarter, compared to the consensus estimate of $399.80 million. StoneX Group had a net margin of 0.41% and a return on equity of 12.57%. On average, research analysts forecast that StoneX Group Inc. will post 6.9 EPS for the current year.

In other news, CFO William J. Dunaway sold 4,035 shares of the firm’s stock in a transaction dated Friday, October 8th. The shares were sold at an average price of $70.00, for a total value of $282,450.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Aaron Schroeder sold 1,000 shares of StoneX Group stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $70.00, for a total transaction of $70,000.00. Following the transaction, the chief accounting officer now directly owns 15,310 shares in the company, valued at $1,071,700. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,450 shares of company stock worth $1,775,600. Insiders own 16.79% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of StoneX Group from a “buy” rating to a “hold” rating in a report on Tuesday.

StoneX Group Profile

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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Institutional Ownership by Quarter for StoneX Group (NASDAQ:SNEX)

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